Distribution upon Redemption. Upon redemption of any Member Interest, the holder thereof shall be entitled to receive the amount it would be entitled to receive under Sections 13.7 and 13.9 had the Company been dissolved as of the Applicable Redemption Date. In the event the Company is redeeming the Member Interests of more than one Member at the same time, proceeds of such redemptions shall be paid to such Members pro rata in accordance with their respective Capital Accounts as of the beginning of the Accounting Period during which the Applicable Redemption Date occurs.
Appears in 2 contracts
Sources: Master Agreement for the Formation of a Limited Liability Company (Jefferies Group Inc /De/), Limited Liability Company Agreement (Leucadia National Corp)