Allocation of Noncash Distributions Sample Clauses

Allocation of Noncash Distributions. If proceeds consist of property other than cash, the members shall decide the value of the property and allocate such value among the members in accordance with each member's percentage interest in the LLC. If such noncash proceeds are later reduced to cash, such cash may be distributed among the members as otherwise provided in this agreement.
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Allocation of Noncash Distributions. If proceeds consist of property other than cash from LLC’s trade secret intellectual property sale, the property will be distributed to the sole member the LLC.
Allocation of Noncash Distributions. If proceeds of business operations or any sale or other disposition of River Edge capital assets consist of property other than cash, the Members shall decide the value of the property and allocate such value among the Equity Member Households in accordance with each Equity Member Household’s Percentage Interest. If such noncash proceeds are later reduced to cash, such cash may be distributed among the Equity Member Households as provided in Section 3.7.

Related to Allocation of Noncash Distributions

  • Allocation of Profits and Losses Distributions Profits/Losses. For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.

  • Allocation of Profits and Losses The Company’s profits and losses shall be allocated to the Member.

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