Redemption Payment. (a) Upon the redemption of a Member under Section 10.7, the Requesting Member shall be entitled to a payment equal to the Redemption Value of such Member’s Interest in the Company as of the effective date of the (the “Redemption Payment”); provided, however, if the remaining Members of the Company agree to dissolve the Company in accordance with Section 13.1 of this Agreement, then in no event shall such Member be entitled to a Redemption Payment, but such Member will be entitled to such Member’s share of the assets of the Company pursuant to Section 13.3 below.
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Samples: Operating Agreement, Operating Agreement, Operating Agreement (Husker Ag LLC)
Redemption Payment. (a) Upon the redemption of a Member under Section 10.7, the Requesting Member shall be entitled to a payment equal to the Redemption Fair Market Value of such Member’s 's Interest in the Company as of the effective date of the Company's receipt of the Member's request for redemption (the “"Redemption Payment”"); provided, however, if the remaining Members of the Company agree to dissolve the Company in accordance with Section 13.1 of this Agreement, then in no event shall such Member be entitled to a Redemption Payment, but Payment by such Member will be entitled to such Member’s 's share of the assets of the Company pursuant to Section 13.3 below.
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Samples: Member Control Agreement (Granite Falls Community Ethanol Plant LLC)
Redemption Payment. (a) Upon the redemption of a Member under Section 10.7, the Requesting Member shall be entitled to a payment equal to the Redemption Fair Market Value of such Member’s 's Interest in the Company as of the effective date of the (the “"Redemption Payment”"); provided, however, if the remaining Members of the Company agree to dissolve the Company in accordance with Section 13.1 of this Agreement, then in no event shall such Member be entitled to a Redemption Payment, but such Member will be entitled to such Member’s 's share of the assets of the Company pursuant to Section 13.3 l 3.3 below.
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Redemption Payment. (a) Upon the redemption of a Member under Section 10.7, the Requesting Member shall be entitled to a payment equal to the Redemption Fair Market Value of such Member’s Interest in the Company as of the effective date of the (the “Redemption Payment”); provided, however, if the remaining Members of the Company agree to dissolve the Company in accordance with Section 13.1 of this Agreement, then in no event shall such Member be entitled to a Redemption Payment, but such Member will be entitled to such Member’s share of the assets of the Company pursuant to Section 13.3 below.
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Samples: Operating Agreement (Husker Ag LLC)
Redemption Payment. (a) Upon the redemption of a Member under Section 10.7, the Requesting Member shall be entitled to a payment equal to the Redemption Fair Market Value of such Member’s 's Interest in the Company as of the effective date of the (the “Redemption Payment”"REDEMPTION PAYMENT"); provided, however, if the remaining Members of the Company agree to dissolve the Company in accordance with Section 13.1 of this Agreement, then in no event shall such Member be entitled to a Redemption Payment, but such Member will be entitled to such Member’s 's share of the assets of the Company pursuant to Section 13.3 below.
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Redemption Payment. (a) Upon the redemption of a Member member under Section 10.77.4, the Requesting Member requesting member shall be entitled to a payment equal to the Redemption Value fair market value of such Member’s Interest member's interest in the Company company as of the effective date of the (the “"Redemption Payment”"); provided, however, if the remaining Members members of the Company company agree to dissolve the Company in accordance with Section 13.1 of this Agreementcompany, then in no event shall such Member member be entitled to a Redemption Paymentredemption payment, but such Member member will be entitled to such Member’s member's share of the assets of the Company pursuant to Section 13.3 belowcompany.
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Redemption Payment. (a) Upon the redemption of a Member under Section 10.7, the Requesting Member shall be entitled to a payment equal to the Redemption Value of such Member’s 's Interest in the Company as of the effective date of the (the “"Redemption Payment”"); provided, however, if the remaining Members of the Company agree to dissolve the Company in accordance with Section 13.1 of this Agreement, then in no event shall such Member be entitled to a Redemption Payment, but such Member will be entitled to such Member’s 's share of the assets of the Company pursuant to Section 13.3 below.
Appears in 1 contract
Samples: Operating Agreement
Redemption Payment. (a) Upon the redemption of a Member member under Section 10.77.4, the Requesting Member requesting member shall be entitled to a payment equal to the Redemption Value fair market value of such Membermember’s Interest interest in the Company company as of the effective date of the (the “Redemption Payment”)such payment; provided, however, if the remaining Members members of the Company company agree to dissolve the Company in accordance with Section 13.1 of this Agreementcompany, then in no event shall such Member member be entitled to a Redemption Paymentredemption payment, but such Member member will be entitled to such Membermember’s share of the assets of the Company pursuant to Section 13.3 belowcompany.
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