ALLOCATIONS RELATING TO CAPITAL TRANSACTIONS. In connection with the sale or other disposition of all or substantially all of the assets of the Company (including upon a liquidation of the Company), items of income, gain, loss and deduction shall, except as otherwise required by subsections (b) through (f) above, be allocated to the Members in such amounts as shall cause their relative Adjusted Capital Account Balances to equal as nearly as possible, their relative Percentage Interests.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Phillips Petroleum Co), Limited Liability Company Agreement (Chevron Phillips Chemical Co LLC), Limited Liability Company Agreement (Chevron Phillips Chemical Co LLC)
ALLOCATIONS RELATING TO CAPITAL TRANSACTIONS. In connection with the sale or other disposition of all or substantially all of the assets of the Company (including upon a liquidation of the Company), items of income, gain, loss and deduction shall, except as otherwise required by subsections (b) through (f) 0 above, be allocated to the Members in such amounts as shall cause their relative Adjusted Capital Account Balances to equal as nearly as possible, their relative Percentage Interests.
Appears in 1 contract
Samples: Contribution Agreement (Chevron Phillips Chemical Co LLC)
