Distribution Upon Withdrawal. No withdrawing Member shall be entitled to receive any distribution or the value of such Member’s Interest in the Company as a result of withdrawal from the Company prior to the liquidation of the Company, except as specifically provided in this Agreement.
Distribution Upon Withdrawal. Upon withdrawal, any withdrawing Member shall not be entitled to receive any distribution and shall not otherwise be entitled to receive the fair market value of its Membership Interest.
Distribution Upon Withdrawal. No Member shall be entitled to any distribution or payment with respect to its Membership Units upon the resignation or withdrawal of such Member.
Distribution Upon Withdrawal. If the Termination Date occurs within three years following the date on which the Member became a Member of the Company, the Member shall not be entitled to receive any payment or distribution in connection with the cancellation of the Member’s Shares. If the Termination Date occurs on or after three years from the date on which the Member became a Member, the Member shall be entitled to receive a distribution equal to the lesser of (1) the Member’ Capital Contribution or (2) the result obtained when the Value of the Company, as defined in the following sentence, is multiplied by a fraction, the numerator of which is the number of Shares of the Company held by the Member and the denominator of which is the total number of Shares of the Company held by all Members as of the Termination Date. The “Value of the Company” shall be equal to the book value of the Company determined as of the last day of the fiscal year of the Company in which the Termination Date falls in accordance with accounting principles generally accepted in the United States of America.
Distribution Upon Withdrawal. 37 Article VI MANAGEMENT...................................................................... 37 Section 6.1 The Managing Member; Fiduciary Duties.......................... 37
Distribution Upon Withdrawal. Upon withdrawal by the Controlling Member from the Company, the Controlling Member shall be entitled to a distribution of the Eligible Investments or the proceeds thereof, net of any expenses relating to the distribution or liquidation thereof. Upon withdrawal by the Limited Partnership from the Company, the Limited Partnership shall be entitled to a distribution of the General Assets or the proceeds thereof, net of any expenses relating to the distribution or liquidation thereof; provided Limited Liability Company Agreement that no such distribution shall be made to the Limited Partnership if any Series of Investor Certificates is then outstanding.
Distribution Upon Withdrawal. Any Member Municipality removed pursuant to Section 8.1 or 8.2 above shall be entitled to a distribution equal to fifty percent (50%) of its share of the net worth of the Ambulance Service's assets. The value of each Member Municipalities share shall be determined by multiplying the total value of the Ambulance Service's assets by a fraction, the numerator of which is the withdrawing Member Municipality's current population served and the denominator of which is the total population served of all the Member Municipalities, based upon the most current population estimates provided by the Wisconsin Department of Administration.
Distribution Upon Withdrawal. Except as provided in the Act, upon withdrawal as a Member of the Company, any withdrawing Members shall be entitled to receive
Distribution Upon Withdrawal. 5 4.4 Return of Capital . . . . . . . . . . . . . . . . . . .5
Distribution Upon Withdrawal. No withdrawing Member shall be entitled to receive any distribution or the value of such Member's Units as a result of withdrawal from the Company prior to the liquidation of the Company, except as specifically provided in this Agreement; provided, however, that nothing contained in this SECTION 5.4 is intended to contradict, nor shall it limit, the provisions of SECTION 7.2.
