Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts, if any, for all distributions made under Section 6.01 and all allocations under Article VI, all available proceeds distributable to the Members as determined under Section 12.02 shall be distributed (i) to all of the Members in amounts equal to the Members’ positive Capital Account balances, or (ii) if the obligation to maintain Capital Accounts has been suspended under Section 13.12 of this Agreement, to the sole Member.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Magellan Midstream Holdings Lp), Limited Liability Company Agreement (Magellan Midstream Partners Lp), Limited Liability Company Agreement (Magellan Midstream Partners Lp)
Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts, if any, Accounts for all distributions made under Section 6.01 6.1 and all allocations under this Article VI, all available proceeds distributable to the Members as determined under Section 12.02 13.2 shall be distributed (i) to all of the Members in amounts equal to the Members’ positive Capital Account balances, or (ii) if the obligation to maintain Capital Accounts has been suspended under Section 13.12 of this Agreement, to the sole Member.
Appears in 5 contracts
Samples: Unitholders Agreement, Unitholders Agreement, Limited Liability Company Agreement (Sunoco Logistics Partners L.P.)
Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts, if any, for all distributions made under Section 6.01 and all allocations under Article VI, all available proceeds distributable to the Members as determined under Section 12.02 shall be distributed (i) to all of the Members in amounts equal to the Members’ positive Capital Account balances, or (ii) if the obligation to maintain Capital Accounts has been suspended under Section 13.12 13.11 of this Agreement, to the sole Member.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (SemGroup Energy Partners, L.P.), Limited Liability Company Agreement (SemGroup Energy Partners, L.P.), Limited Liability Company Agreement (Blueknight Energy Partners, L.P.)
Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts, if any, for all distributions made under Section 6.01 6.1 and all allocations under Article VI, all available proceeds distributable to the Members as determined under Section 12.02 12.2 shall be distributed (i) to all of the Members in amounts equal to the Members’ positive Capital Account balances, or (ii) if the obligation to maintain Capital Accounts has been suspended under Section 13.12 of this Agreement, to the sole Member.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Universal Compression Partners, L.P.), Limited Liability Company Agreement (Regency Energy Partners LP), Limited Liability Company Agreement (Universal Compression Partners, L.P.)
Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts, if any, for all distributions made under Section 6.01 6.1 and all allocations under Article VI, all available proceeds distributable to the Members as determined under Section 12.02 12.2 shall be distributed (i) to all of in the Members manner set forth in amounts equal to the Members’ positive Capital Account balancesSection 6.1(a), or (ii) if the obligation to maintain Capital Accounts has been suspended under Section 13.12 of this Agreement13.11, to the sole Member.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (EIG BlackBrush Holdings, LLC), Limited Liability Company Agreement (Southcross Energy LLC)
Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts, if any, for all distributions made under Section 6.01 6.1 and all allocations under Article VI, all available proceeds distributable to the Members as determined under Section 12.02 12.2 shall be distributed (i) to all of in the Members manner set forth in amounts equal to the Members’ positive Capital Account balancesSection 6.1, or (ii) if the obligation to maintain Capital Accounts has been suspended under Section 13.12 of this Agreement13.13, to the sole Member.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (TW Southcross Aggregator LP), Limited Liability Company Agreement (EIG BBTS Holdings, LLC)
Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts, if any, for all distributions made under Section 6.01 and all allocations under Article VI, all available proceeds distributable to the Members as determined under Section 12.02 shall be distributed (i) to all of the Members in amounts equal to the Members’ ' positive Capital Account balances, or (ii) if the obligation to maintain Capital Accounts has been suspended under Section 13.12 of this Agreement, to the sole Member.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Magellan Midstream Partners Lp), Limited Liability Company Agreement (Regency Energy Partners LP)
Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts, if any, Accounts for all distributions made under Section 6.01 and all allocations under this Article VI, all available proceeds distributable to the Members as determined under Section 12.02 shall be distributed (i) to all of the Members in amounts equal to the Members’ ' positive Capital Account balances, or (ii) if the obligation to maintain Capital Accounts has been suspended under Section 13.12 of this Agreement, to the sole Member.
Appears in 2 contracts
Samples: Sunoco Logistics Partners Lp, Sunoco Logistics Partners Lp
Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts, if any, for all distributions made under Section 6.01 6.1 and all allocations under Article VI6, all available proceeds distributable to the Members as determined under Section 12.02 12.2 shall be distributed (i) to all of the Members in amounts equal to the Members’ ' positive Capital Account balances, or (ii) if the obligation to maintain Capital Accounts has been suspended under Section 13.12 13.13 of this Agreement, to the sole Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Buckeye Partners L P)
Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts, if any, for all distributions made under Section 6.01 and all allocations under Article VI, all available proceeds distributable to the Members as determined under Section 12.02 shall be distributed (i) to all of the Members in amounts equal to the Members’ positive Capital Account balances, or (ii) if the obligation to maintain Capital Accounts has been suspended under Section 13.12 of this Agreement, to the sole Member.”
Appears in 1 contract
Samples: Limited Liability Company Agreement (Williams Energy Partners L P)
Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts, if any, for all distributions made under Section 6.01 and all allocations under the Article VI, all available proceeds distributable to the Members as determined under Section 12.02 shall be distributed (i) to all of the Members in amounts equal to the Members’ positive Capital Account balances, or (ii) if the obligation to maintain Capital Accounts has been suspended under Section 13.12 of this Agreement, to the sole Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Magellan Midstream Holdings Lp)
