Common use of Commission Discounts Clause in Contracts

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.)

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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 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

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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

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