Distributions in Kind. In the event of a distribution of Company property, such property shall for all purposes of this Agreement be deemed to have been sold at its Fair Market Value and the proceeds of such sale shall be deemed to have been distributed to the Members.
Appears in 24 contracts
Samples: Limited Liability Company Operating Agreement (McJunkin Red Man Holding Corp), Limited Liability Company Agreement (CVR Energy Inc), Limited Liability Company Agreement (CVR Energy Inc)
Distributions in Kind. In the event of a distribution of Company propertyproperty pursuant to Section 6.1, such property shall for all purposes of this Agreement be deemed to have been sold at its Fair Market Value and the proceeds of such sale shall be deemed to have been distributed to the Members.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Warner Music Group Corp.), Limited Liability Company Agreement (Warner Music Group Corp.), Limited Liability Company Agreement (Warner Music Group Corp.)
Distributions in Kind. In the event of a distribution of Company property, such property shall for all purposes of this Agreement be deemed to have been sold at its Fair Market Value and the proceeds of such sale shall be deemed to have been distributed to the MembersMember receiving such Company property.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (BankUnited, Inc.), Limited Liability Company Agreement (Auto Disposal of Memphis, Inc.), Limited Liability Company Agreement (BankUnited, Inc.)
Distributions in Kind. In the event of a distribution of Company property, such property shall for all purposes of this Agreement be deemed to have been sold at its Fair Market Value as determined by the Managing Member in good faith, and the proceeds of such sale shall be deemed to have been distributed to the Members.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Zugel Christian), Limited Liability Company Agreement (Zugel Christian)
Distributions in Kind. In the event of a distribution of Company property, such property shall for all purposes of this Agreement be deemed to have been sold at its Fair Market Value fair market value, as determined by the Managing Member, and the proceeds of such sale shall be deemed to have been distributed to the Members.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Third Coast Midstream, LLC)
Distributions in Kind. In the event of a distribution Distribution of Company LLC property, such property shall for all purposes of this Agreement be deemed to have been sold at its Fair Market Value and the proceeds of such sale shall be deemed to have been distributed to the Members.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Providence Service Corp)
