Examples of Liquidating Gains in a sentence
Any such allocations shall be made first from items of income constituting Operating Income or Operating Loss, and only thereafter from items of income constituting Liquidating Gains or Liquidating Losses.
Except as otherwise provided in this Exhibit D, Liquidating Gains and Losses shall be allocated among the Members in a manner reasonably determined by the Board of Directors as shall cause to the nearest extent possible the Capital Account of each Member to equal the amount that would be distributed to such Member upon a distribution of proceeds of the Company’s assets under Section 10.2.
Notwithstanding the provisions of Section 6.1.A, Liquidating Gains shall first be allocated to the LTIP Unitholders until their Economic Capital Account Balances, to the extent attributable to their ownership of LTIP Units, are equal to (i) the Class A Unit Economic Balance, multiplied by (ii) the number of their LTIP Units.