Liquidating Transactions definition
Examples of Liquidating Transactions in a sentence
Profits, Losses and any other items of income, gain, deduction or loss resulting from Liquidating Transactions, and any unrealized gain or loss inherent on any assets or properties to be distributed to the Members in kind (if any), shall be allocated to the Members as provided in Section 6.1B or 6.1D, as applicable.
Prior to making any liquidating distributions of the company's assets, the Members' Capital Accounts shall be adjusted to reflect all prior distributions to the Members and the allocation of all Profits, Losses and income, gain, deduction or loss attributable to the Company's operations and its Liquidating Transactions, and any unrealized gain or loss inherent on any assets or properties to be distributed to the Members in kind (if any).