Character of Liquidating Distributions. All payments made in liquidation of the interest of a Member in the Company shall be made in exchange for the interest of such Member in Properties pursuant to Section 736(b)(l) of the Code, including the interest of such Member in the goodwill of the Company.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Environtech Inc.), Limited Liability Company Agreement (Environtech Inc.), Limited Liability Company Agreement (Environtech Inc.)
Character of Liquidating Distributions. (a) All payments made in liquidation of the interest Membership Interests of a Member in the Company shall be made in exchange for the interest Membership Interests of such Member in Properties the Company Property pursuant to Code Section 736(b)(l) of the Code736(b)(1), including the interest of such Member in the goodwill of the CompanyCompany goodwill.
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)
Character of Liquidating Distributions. (a) All payments made in liquidation of the interest Interests of a Member in the Company shall be made in exchange for the interest Interests of such Member in Properties the Company’s Property pursuant to Code Section 736(b)(l) of the Code), including the interest of such Member in the goodwill of the CompanyCompany goodwill.
Appears in 1 contract
Character of Liquidating Distributions. All payments made in liquidation of the interest Interest of a Member in the Company shall be made in exchange for the interest Interest of such Member in Properties Property pursuant to Section 736(b)(l736(b)(1) of the Code, including the interest of such Member in the goodwill of the Company.Company goodwill. 12.9
Appears in 1 contract
Character of Liquidating Distributions. All payments made in liquidation of the interest of a Member in the Company shall be made in exchange for the interest of such Member in Properties the Property pursuant to Section 736(b)(l736(b)(1) of the Code, including the interest of such Member in the goodwill of the CompanyCompany goodwill.
Appears in 1 contract
Samples: Limited Liability Company Agreement (CNL Hospitality Properties Inc)
Character of Liquidating Distributions. All payments made in liquidation of the interest Membership Interest of a Member in the Company shall be made in exchange for the interest Membership Interest of such Member in Properties Property pursuant to Code Section 736(b)(l) of the Code736(b)(1), including the interest of such Member in the goodwill of the CompanyCompany goodwill.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Central Energy Partners Lp)
Character of Liquidating Distributions. All payments made in liquidation of the interest of a Member in the Company shall be made in exchange for the interest of such Member in Properties Property pursuant to Section 736(b)(l736(b)(1) of the Code, including including, but not limited to, the interest of such Member in the goodwill of the Company. ( (SECTION 11.9. THE LIQUIDATORSection 11.9.
Appears in 1 contract
Samples: Operating Agreement (International Airline Support Group Inc)
Character of Liquidating Distributions. All payments made in liquidation of the interest Membership Interest of a Member in the Company LLC shall be made in exchange for the interest of such Member in Properties property pursuant to Code Section 736(b)(l) of the Code736(b)(1), including the interest of such Member in the goodwill of the CompanyLLC goodwill.
Appears in 1 contract
Samples: Operating Agreement
Character of Liquidating Distributions. All payments made in liquidation of the interest Interest of a Member in the Company shall be made made, to the maximum extent permitted by the Code, in exchange for the interest of such Member in Properties Property pursuant to Section 736(b)(l736(b)(1) of the Code, including the interest of such Member in the goodwill of the CompanyCompany goodwill.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Lakes Entertainment Inc)
Character of Liquidating Distributions. All payments made in liquidation of the interest of a Member in the Company shall be made in exchange for the interest of such Member in Properties pursuant to Section 736(b)(l736(b)(1) of the Code, including the interest of such Member in the goodwill of the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Environtech Inc.)
Character of Liquidating Distributions. All payments made in liquidation of the interest of a Member in the Company shall will be made in exchange for the interest of such that Member in Properties Property pursuant to Code Section 736(b)(l) of the Code736(b)(1), including the interest of such that Member in the goodwill of the CompanyCompany goodwill.
Appears in 1 contract
Character of Liquidating Distributions. All payments made in liquidation of the interest of a Member in the Company shall be made in exchange for the interest of such Member in Properties Company Assets pursuant to Section 736(b)(l736(b)(1) of the Code, including the interest of such Member in the goodwill of the CompanyCompany goodwill.
Appears in 1 contract
Character of Liquidating Distributions. All payments made in liquidation of the interest of a Member in the Company shall be made in exchange for the interest of such Member in Properties property pursuant to Section 736(b)(l736(b)(1) of the Code, including the interest of such Member in the goodwill of the CompanyCompany goodwill.
Appears in 1 contract
Character of Liquidating Distributions. All payments made in liquidation of the interest Interest of a Member in the Company shall be made in exchange for the interest Interest of such Member in Properties the Company’s assets pursuant to Code Section 736(b)(l) of the Code736(b)(1), including the interest of such Member in the goodwill of the CompanyCompany goodwill.
Appears in 1 contract
Samples: Limited Liability Company Agreement (BRT Realty Trust)
