Common use of Adjustments to Capital Accounts for Distributions In-Kind Clause in Contracts

Adjustments to Capital Accounts for Distributions In-Kind. To the extent that the Company distributes property in-kind to the Members, the Company shall be treated as making a distribution equal to the Fair Market Value of such property (as of the date of such distribution) for purposes of Section 4.1 and such property shall be treated as if it were sold for an amount equal to its Fair Market Value and any resulting gain or loss shall be allocated to the Members’ Capital Accounts in accordance with Section 4.2 through Section 4.4.

Adjustments to Capital Accounts for Distributions In-Kind. To the extent that the Company distributes property in-in kind to the Members, the Company shall be treated as making a distribution Distribution equal to the Fair Market Value of such property (determined as of the date of such distributionDistribution) for purposes of Section 4.1 5.1 and such property shall be treated as if it were sold for an amount equal to its Fair Market Value and any resulting gain or loss shall be allocated to the Members’ Capital Accounts in accordance with Section 4.2 5.2 through Section 4.45.4.

Adjustments to Capital Accounts for Distributions In-Kind. To the extent that the Company distributes makes a Distribution of property in-in kind to the Members, the Company shall will be treated as making deemed to have made a distribution Distribution equal to the Fair Market Value of such property (property, determined by the Board as of the date of such distribution) for purposes of Section 4.1 Distribution, and such property shall will be treated as if it were sold for an amount equal to its Fair Market Value and any resulting gain or loss shall will be allocated to the Members’ Capital Accounts of the Members in accordance with Section 4.2 4.3 through Section 4.44.5. Any Distributions of property in kind to the Members will be made in accordance with Section 4.2.