Commission Discounts. In the event any Member receives a commission discount as described in Section 3.2.3, such Member shall be treated upon liquidation of the Company as if such Member had not received a discount and an appropriate income allocation shall be made to such Member so that all liquidating Distributions (other than Preferred Return) to the Members per Unit are equal.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Vivakor, Inc.), Limited Liability Company Agreement (Vivakor, Inc.)
Commission Discounts. In the event any Member receives a commission discount as described in Section 3.2.3, such Member shall be treated upon liquidation of the Company as if such Member had not received a discount and an appropriate income allocation shall be made to such Member so that all liquidating Distributions (other than Preferred Return) to the Members per Unit are equal.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Vivakor, Inc.), Limited Liability Company Agreement (Vivakor, Inc.)
Commission Discounts. In the event any Member receives a commission discount as described in Section 3.2.33.1.3, such Member shall be treated upon liquidation of the Company as if such Member had not received a discount and an appropriate income allocation shall be made to such Member so that all liquidating Distributions (other than Preferred Return) to the Members per Unit are equal.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Commission Discounts. In the event any Member receives a commission discount as described in Section 3.2.3, such Member shall be treated upon liquidation of the Company Fund as if such Member had not received a discount and an appropriate income allocation shall be made to such Member so that all liquidating Distributions (other than Preferred Return) to the Members per Unit are equal.
Appears in 1 contract
Samples: Operating Agreement