Character of Liquidating Distributions. All payments made in liquidation of the interest of a Unit Holder in the Company shall be made in exchange for the interest of such Unit Holder in Property pursuant to Section 736(b)(1) of the Code, including the interest of such Unit Holder in Company goodwill.
Appears in 49 contracts
Samples: Operating Agreement, Operating Agreement, Member Control Agreement (Granite Falls Energy, LLC)
Character of Liquidating Distributions. All payments made in liquidation of the interest of a Unit Holder in the Company shall be made in exchange for the interest of such Unit Holder in Property pursuant to Section 736(b)(1) of the Code, including the interest of such Unit Holder in Company goodwill.
Appears in 40 contracts
Samples: Operating Agreement (Homeland Energy Solutions LLC), Operating Agreement (Southwest Iowa Renewable Energy, LLC), Operating Agreement (Highwater Ethanol LLC)
Character of Liquidating Distributions. All payments made in liquidation of the interest of a Unit Holder Member in the Company shall be made in exchange for the interest of such Unit Holder Member in Property pursuant to Section 736(b)(1) of the Code, including the interest of such Unit Holder Member in Company goodwill.
Appears in 19 contracts
Samples: Operating Agreement (Compass Group Diversified Holdings LLC), Limited Liability Company Agreement, Operating Agreement (Compass Group Diversified Holdings LLC)
Character of Liquidating Distributions. All payments made in liquidation of the interest of a Unit Holder Unitholder in the Company shall be made in exchange for the interest of such Unit Holder Unitholder in Property pursuant to Section 736(b)(1) of the Code, including the interest of such Unit Holder the Unitholder in Company goodwill.
Appears in 11 contracts
Samples: Limited Liability Company Agreement (U. S. Premium Beef, LLC), LLC Agreement, Limited Liability Company Agreement (U. S. Premium Beef, LLC)
Character of Liquidating Distributions. All payments made in liquidation of the interest Membership Interest of a Unit Holder Member in the Company shall be made in exchange for the interest Membership Interest of such Unit Holder Member in Property pursuant to Section 736(b)(1) of the Code, including the interest of such Unit Holder Member in Company goodwill.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Williams Companies Inc), Limited Liability Company Agreement (Energy Transfer Equity, L.P.), Agreement and Plan of Merger
Character of Liquidating Distributions. All payments made in liquidation of the interest of a Unit Holder Member in the Company shall be made in exchange for the interest of such Unit Holder Member in Property pursuant to Code Section 736(b)(1) of the Code), including the interest of such Unit Holder Member in Company goodwill.
Appears in 4 contracts
Samples: Operating Agreement (OCM HoldCo, LLC), Limited Liability Company Operating Agreement (New England Realty Associates Limited Partnership), Operating Agreement (OCM HoldCo, LLC)
Character of Liquidating Distributions. All payments made in liquidation of the interest of a Unit Holder Member in the Company shall be made in exchange for the interest of such Unit Holder Member in Property property pursuant to Code Section 736(b)(1) of the Code), including the interest of such Unit Holder Member in Company goodwill.
Appears in 4 contracts
Samples: Operating Agreement (NGA Holdco, LLC), Limited Liability Company Agreement (OCM HoldCo, LLC), Limited Liability Company Agreement (Plainfield Enterprises LLC)
Character of Liquidating Distributions. All payments made in liquidation of the interest of a Unit Holder in the Company shall be made in exchange for the interest of such Unit Holder in Property property pursuant to Section 736(b)(1) of the Code, including the interest of such Unit Holder in Company goodwill.
Appears in 4 contracts
Samples: Operating Agreement (Minnesota Corn Processors LLC), Operating Agreement (Minnesota Corn Processors LLC), Operating Agreement (Minnesota Corn Processors LLC)
Character of Liquidating Distributions. All payments made in liquidation of the interest of a Unit Holder in the Company shall be made in exchange for the interest of such Unit Holder in Property pursuant to Section 736(b)(1736(b)(l) of the Code, including the interest of such Unit Holder in Company goodwill.
Appears in 3 contracts
Samples: Member Control Agreement (Agassiz Energy, LLC), Operating Agreement (East Fork Biodiesel, LLC), Operating Agreement (East Fork Biodiesel, LLC)
Character of Liquidating Distributions. All payments made in liquidation of the interest Interest of a Unit Holder Member in the Company shall be made in exchange for the interest Interest of such Unit Holder Member in Property pursuant to Section 736(b)(1) of the Code, including the interest of such Unit Holder Member in Company goodwill.
Appears in 3 contracts
Samples: Operating Agreement (Atlas Pipeline Partners Lp), Operating Agreement (Atlas Pipeline Partners Lp), Contribution Agreement (Pepco Holdings Inc)
Character of Liquidating Distributions. All payments made in liquidation of the interest Membership Interest of a Unit Holder Member in the Company shall be made in exchange for the interest of such Unit Holder Member in Property property pursuant to Code Section 736(b)(1) of the Code), including the interest of such Unit Holder Member in Company goodwill.
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Public Service Co of New Hampshire), Limited Liability Company Agreement (Nstar/Ma)
Character of Liquidating Distributions. All payments made in liquidation of the interest Interest of a Unit Holder Member in the Company shall be made in exchange for the interest Interest of such Unit Holder Member in Property pursuant to Code Section 736(b)(1) of the Code), including the interest of such Unit Holder Member in Company goodwill.
Appears in 3 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Character of Liquidating Distributions. All payments made in liquidation of the interest of a Unit Holder in the Company shall be made in exchange for the interest of such Unit Holder in Property pursuant to Section 736(b)(1736(b) (l) of the Code, including the interest of such Unit Holder in Company goodwill.
Appears in 2 contracts
Samples: Operating Agreement (Prairie Creek Ethanol LLC), Operating Agreement (Prairie Creek Ethanol LLC)
Character of Liquidating Distributions. All payments made in liquidation of the interest Units of a Unit Holder in the Company Member shall be made in exchange for the interest Units of such Unit Holder Member in Property property pursuant to Code Section 736(b)(1) of the Code), including the interest of such Unit Holder Member in Company goodwill.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Motorsport Gaming Us LLC), Limited Liability Company Agreement (Motorsport Gaming Us LLC)
Character of Liquidating Distributions. All payments made in liquidation of the interest of a Unit Holder in the Company shall be made in exchange for the interest of such the Unit Holder in Property pursuant to Section 736(b)(1) of the Code, including the interest of such Unit Holder in Company goodwill.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Character of Liquidating Distributions. All payments made in liquidation of the interest of a Unit Holder in the Company shall be made in exchange for the interest of such Unit Holder in Property pursuant to Section 736(b)(1) of the Code, including the interest of such Unit Holder in the Company goodwill.
Appears in 2 contracts
Samples: Operating Agreement (Advanced BioEnergy, LLC), Operating Agreement
Character of Liquidating Distributions. All payments made in liquidation of the interest of a Unit Holder in the Company shall be made in exchange for the interest of such Unit Holder in Property pursuant to Section 736(b)(1) of the Code, including the interest of such Unit Holder in Company goodwill. 10.8.
Appears in 2 contracts
Samples: Operating Agreement (Cardinal Ethanol LLC), Operating Agreement (Cardinal Ethanol LLC)
Character of Liquidating Distributions. All payments made in liquidation of the interest of a Unit Holder in the Company shall be made in exchange for the interest of such Unit Holder in Property pursuant to Section Code sSection 736(b)(1) of the Code), including the interest of such Unit Holder in Company goodwill.
Appears in 1 contract
Samples: Operating Agreement (Siouxland Renewable Holdings, LLC)
Character of Liquidating Distributions. All payments made in liquidation of the interest of a Unit Holder in the Company shall be made in exchange for the interest of such Unit Holder in Property pursuant to Section 736(b)(1736(b)(10) of the Code, including the interest of such Unit Holder in the Company goodwill.
Appears in 1 contract
Character of Liquidating Distributions. All payments made in liquidation of the interest of a Unit Holder in the Company shall be made in exchange for the interest of such Unit Holder in Property pursuant to Section 736(b)(1) of the Code, including the interest of such Unit Holder in Company goodwill.. 4850-8819-3010\6 LP BIOSCIENCES LLC amended and restated operating agreement
Appears in 1 contract
Character of Liquidating Distributions. All payments made in liquidation of the interest of a Unit Holder in the Company shall be made in exchange for the interest of such Unit Holder in Property pursuant to Section 736(b)(1) of the CodeCODE, including the interest of such Unit Holder in Company goodwill.
Appears in 1 contract
Character of Liquidating Distributions. All payments made in liquidation of the interest of a Unit Holder in the Company shall be made in exchange for the interest of such Unit Holder in Property pursuant to Section 736(b)(1736(b)( 1) of the Code, including the interest of such Unit Holder in Company goodwill.
Appears in 1 contract
Samples: Operating Agreement
Character of Liquidating Distributions. All payments made in ---------------------------------------- liquidation of the interest of in the Company to a Unit Holder in the Company shall be made in exchange for the interest of such Unit Holder in Property Company property pursuant to Section ss. 736(b)(1) of the Code, including the interest of such Unit Holder in Company goodwill.
Appears in 1 contract
Samples: Limited Liability Company (Kent Financial Services Inc)
