Common use of Non-Cash Assets Clause in Contracts

Non-Cash Assets. If any part of the net assets distributable to the Members consists of notes, real estate equity or interests, or other non-cash assets, the Manager or liquidator shall distribute any non-tangible property interests directly to the Members, and may take whatever steps they deem appropriate to convert tangible property interests into cash or any other form to facilitate distribution. If any assets of the Company are to be distributed in kind, such assets shall be distributed on the basis of their Fair Market Value at the date of distribution, as determined by the Manager or liquidator.

Non-Cash Assets. If any part of the net assets distributable to the Members consists of notes, real estate equity or interests, or other non-cash assets, the Manager or liquidator shall distribute any non-tangible property interests directly to the Members, and may take whatever steps they deem appropriate to convert tangible property interests into cash or any other form to facilitate distribution. If any assets of the Company are to be distributed in kind, such assets shall be distributed on the basis of their Fair Market Value fair market value at the date of distribution, as determined by the Manager or liquidator.

Non-Cash Assets. If any part of the net assets distributable to the Members consists of notes, real estate equity or interestsaccounts receivable, or other non-cash assets, the Manager Manager, or liquidator shall distribute any non-tangible property interests directly to the Members, and may take whatever steps they deem it considers to be appropriate to convert tangible property interests the assets into cash or any other form to facilitate distribution. If any in-kind assets of the Company are to be distributed in kinddistributed, such those assets shall will be distributed on the basis of using their Fair Market Value fair market value at the date of distributiondistribution date, as determined by the Manager Manager, or liquidator.