Allocations and Distributions During Period of Liquidation. During the period commencing on the first day of the Fiscal Year during which a Liquidating 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 12.2 hereof, the Members shall continue to share Profits, Losses, gain, loss, and other items of Company income, gain, loss, or deduction in the manner provided in Article III but no distributions shall be made pursuant to Article IV.
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Samples: Operating Agreement, LLC Operating Agreement, Operating Agreement
Allocations and Distributions During Period of Liquidation. During the period commencing on the first day of the Fiscal Year Quarter during which a Liquidating 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 12.2 hereof13.2, the Members shall continue to share Profits, Losses, gain, loss, and other items of Company income, gain, loss, or deduction in the manner provided in Article III Section 3 (other than pursuant to Sections 3.1(a) and 3.1(c)) but no distributions shall be made pursuant to Article IVSection 4.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (General Mills Inc), Limited Liability Company Agreement (General Mills Inc), Limited Liability Company Agreement (General Mills Inc)
Allocations and Distributions During Period of Liquidation. During the period commencing on the first day of the Fiscal Year during which a Liquidating 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 12.2 hereof, the Members shall continue to share Profits, Losses, gain, loss, and other items of Company income, gain, loss, or deduction in the manner provided in Article III but no distributions shall be made pursuant to Article IVIV after the day on which the Liquidating Event occurs.
Appears in 2 contracts
Samples: Operating Agreement (Atlas Pipeline Partners Lp), Operating Agreement (Atlas Pipeline Partners Lp)
Allocations and Distributions During Period of Liquidation. During the period commencing on the first day of the Fiscal Year during which a Liquidating 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 12.2 hereof, hereof the Members shall continue to share Profits, Losses, gain, loss, loss and other items of Company income, gain, loss, loss or deduction in the manner provided in Article III Section 3 hereof but no distributions pursuant to Section 4 hereof shall be made pursuant to Article IVmade.
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Allocations and Distributions During Period of Liquidation. During the period commencing on the first day of the Fiscal Year during which a Liquidating 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 12.2 hereof, the Members shall continue to share Profits, Losses, gain, loss, loss and other items of Company income, gain, loss, loss or deduction in the manner provided in Article III Section 3 hereof but no distributions pursuant to Section 4 hereof shall be made pursuant to Article IVout withstanding the satisfaction of the PCJL Note.
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Allocations and Distributions During Period of Liquidation. During the period commencing on the first day of the Fiscal Year during which a Liquidating 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 12.2 hereof12.2, the Members shall continue to share Profits, Losses, gain, loss, and other items of Company income, gain, loss, or deduction in the manner provided in Article III Section 4, but no distributions shall be made pursuant to Article IVSection 5.
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