Allocation and Distribution of Liquidation Proceeds. Regardless of any other provision in this agreement, if there is a distribution in liquidation of this LLC, or when any member's interest is liquidated, all items of income and loss shall be allocated to the members' capital accounts, and all appropriate credits and deductions shall then be made to these capital accounts before any final distribution is made. A final distribution shall be made to members only to the extent of, and in proportion to, any positive balance in each member's capital account.
Appears in 54 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Allocation and Distribution of Liquidation Proceeds. Regardless of any other provision in this agreement, if there is a distribution in liquidation of this LLC, or when any member's interest is liquidated, all items of income and loss shall be allocated to the members' capital accounts, and all appropriate credits and deductions shall then be made to these capital accounts before any final distribution is made. A final distribution shall be made to members only to the extent of, and in proportion to, any positive balance in each member's of the capital account.
Appears in 1 contract
Samples: Operating Agreement
Allocation and Distribution of Liquidation Proceeds. Regardless of any other provision in this agreement, if there is a distribution in liquidation of this LLC, or when any member's the Members’ interest is liquidated, all items of income and loss shall be allocated to the members' Members’ capital accounts, and all appropriate credits and deductions shall then be made to these capital accounts before any final distribution is made. A final distribution shall be made to members the Members only to the extent of, and in proportion to, any positive balance in each member's the Members’ capital account.
F. Membership Transfer Provisions
Appears in 1 contract
Samples: Operating Agreement
Allocation and Distribution of Liquidation Proceeds. Regardless of any other provision in this agreement, if there is a distribution in liquidation of this LLC, or when any member's ’s interest is liquidated, all items of income and loss shall be allocated to the members' ’ capital accounts, and all appropriate credits and deductions shall then be made to these capital accounts before any final distribution is made. A final distribution shall be made to members only to the extent of, and in proportion to, any positive balance in each member's ’s capital account.
Appears in 1 contract
Samples: Operating Agreement (S&W Seed Co)
Allocation and Distribution of Liquidation Proceeds. Regardless of any other provision in this agreementAgreement, if there is a distribution in liquidation of this LLCthe Company, or when any a member's ’s interest is liquidated, all items of income and loss shall be allocated to the members' ’ capital accounts, and all appropriate credits and deductions shall then be made to these capital accounts before any final distribution is made. A final distribution shall be made to the members only to the extent of, and in proportion to, any positive balance in each member's ’s capital account.
Appears in 1 contract
Samples: Operating Agreement
Allocation and Distribution of Liquidation Proceeds. Regardless of any other provision in this agreement, if there is a distribution in liquidation of this LLC, or when any member's interest is liquidated, all items of income and loss shall be allocated to the members' capital accounts, and all appropriate credits and deductions shall then be made to these capital accounts before any final distribution is made. A final distribution shall be made to members only to the extent of, and in proportion to, any positive balance in each member's capital account.shall
Appears in 1 contract
Samples: Operating Agreement