Allocations and Distributions During Period of Liquidation. During the period commencing on the first day of the Allocation Year during which a Dissolution Event occurs and ending on the date on which all of the assets of the Company have been distributed to the Members pursuant to Section 9.2, the Members shall continue to share Net Income, Net Loss and other items of Company income, gain, loss, or deduction in the manner provided in Article 5 but no distributions shall be made pursuant to Section 5.1 after the day on which the Dissolution Event occurs.
Appears in 7 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (New Source Energy Partners L.P.), Limited Liability Company Agreement (New Source Energy Partners L.P.)
Allocations and Distributions During Period of Liquidation. During the period commencing on the first day of the Allocation Taxable Year during which a Dissolution Event occurs and ending on the date on which all of the assets of the Company have been distributed to the Members pursuant to Section 9.2, the Members shall continue to share Net IncomeProfits, Net Loss Losses and other items of Company income, gain, loss, or deduction in the manner provided in Article 5 V but no distributions shall be made pursuant to Section 5.1 5.8 after the day on which the Dissolution Event occurs.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Energy Transfer Equity, L.P.), Limited Liability Company Agreement (Williams Companies Inc), Agreement and Plan of Merger
Allocations and Distributions During Period of Liquidation. During the period commencing on the first day of the Allocation Year during which a Dissolution Event occurs and ending on the date on which all of the assets of the Company have been distributed to the Members pursuant to Section 9.2, the Members shall continue to share Net Income, Net Loss and other items of Company income, gain, loss, or deduction in the manner provided in Article ARTICLE 5 but no distributions shall be made pursuant to Section 5.1 after the day on which the Dissolution Event occurs.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Mid-Con Energy Partners, LP), Limited Liability Company Agreement, Limited Liability Company Agreement (Mid-Con Energy Partners, LP)
Allocations and Distributions During Period of Liquidation. During the period commencing on the first day of the Allocation Taxable Year during which a Dissolution Event occurs and ending on the date on which all of the assets of the Company have been distributed to the Members pursuant to Section 9.2, the Members shall continue to share Net Income, Net Loss and other items of Company income, gain, loss, or deduction in the manner provided in Article 5 but no distributions shall be made pursuant to Section 5.1 after the day on which the Dissolution Event occurs.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (QR Energy, LP), Limited Liability Company Agreement (QR Energy, LP)
Allocations and Distributions During Period of Liquidation. During the period commencing on the first day of the Allocation Year during which a Dissolution Event occurs and ending on the date on which all of the assets of the Company have been distributed to the Members pursuant to Section 9.2, the Members shall continue to share Net Income, Net Loss and other items of Company income, gain, loss, loss or deduction in the manner provided in Article 5 but no distributions shall be made pursuant to Section 5.1 after the day on which the Dissolution Event occurs.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Central Energy Partners Lp)
