Common use of Liquidating Share Clause in Contracts

Liquidating Share. In the event any Member shall withdraw or be required to withdraw in accordance with the provisions of this Section 4.4, there shall be paid to such Member or his or her legal representative within 180 days after the last day of the Fiscal Year in which the effective date of withdrawal occurs, an amount equal to such Member's positive Capital Account

Liquidating Share. In the event any Member shall withdraw or be required to withdraw in accordance with the provisions of this Section 4.4, there shall be paid to such Member or his or her legal representative within 180 days after the last day of the Fiscal Year in which the effective date of withdrawal occurs, an amount equal to such Member's positive Capital AccountAccount balance as to the Interest or portion thereof involved, calculated as of the effective date of withdrawal. No interest shall accrue on any Interest between the date of withdrawal and the date of payment.