Based on ERISA Considerations. The Board may, at any time, cause the Company to purchase all or any portion of the Investor Shares owned by a Member whose assets are governed by Title I of the Employee Retirement Income Security Act of 1974, Code section 4975, or any similar Federal, State, or local law, if the Board determines that all or any portion of the assets of the Company would, in the absence of such purchase, more likely than not be treated as “plan assets” or otherwise become subject to such laws.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Skid Row AHP LLC), Limited Liability Company Agreement (Skid Row AHP LLC), Limited Liability Company Agreement (preREO LLC)
