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.
Appears in 58 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Allocation of Noncash Distributions. If proceeds consist of property other than cash, the members shall persons authorized in the preceding paragraph to decide on the distribution of cash allocations are authorized to determine the value of the such property and allocate such this value among the members in accordance with each member's percentage ’s capital 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 agreementaccording to the cash distribution provisions of the preceding paragraph.
Appears in 1 contract
Samples: Operating Agreement (S&W Seed Co)
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.the
Appears in 1 contract
Samples: Operating Agreement
Allocation of Noncash Distributions. If proceeds consist of property other than cash, the members shall decide Member is authorized to determine the value of such property as well as how and when the property and allocate such value among the members in accordance with each member's percentage interest in the LLCis to be allocated. If such noncash proceeds are later reduced to cash, such the Member will determine how and when the cash may will be distributed among the members as otherwise provided in this agreementallocated.
Appears in 1 contract
Samples: Operating Agreement
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.interest
Appears in 1 contract
Samples: Operating Agreement
