Common use of Complete Distribution Clause in Contracts

Complete Distribution. The distribution to a Unitholder in accordance with the provisions of Section 10.2 constitutes a complete return to the Unitholder of its Capital Contributions and a complete distribution to the Unitholder of its interest in the Company and all the Company’s property and constitutes a compromise to which all Unitholders have consented within the meaning of the Act.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Tallgrass Energy GP, LP), Limited Liability Company Agreement (Kelso GP VIII, LLC), Limited Liability Company Agreement (Tallgrass Energy GP, LP)

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Complete Distribution. The distribution to a Unitholder in accordance with the provisions of Section 10.2 4.1 constitutes a complete return to the Unitholder of its Capital Contributions and a complete distribution to the Unitholder of its interest in the Company and all the Company’s property and constitutes a compromise to which all Unitholders have consented within the meaning of the Act.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Jones Energy, Inc.), Limited Liability Company Agreement (Jones Energy, Inc.), Limited Liability Company Agreement (Jones Energy, Inc.)

Complete Distribution. The distribution to a Unitholder Member in accordance with the provisions of Section 10.2 3.1 constitutes a complete return to the Unitholder Member of its Capital Contributions and a complete distribution to the Unitholder Member of its interest in the Company and all the Company’s property and constitutes a compromise to which all Unitholders Members have consented within the meaning of the Act.

Appears in 3 contracts

Samples: Operating Agreement (Enovation Controls, Inc.), Limited Liability Company Agreement (Malibu Boats, Inc.), Limited Liability Company Agreement (Malibu Boats, Inc.)

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Complete Distribution. The distribution to a Unitholder Member in accordance with the provisions of Section 10.2 constitutes a complete return to the Unitholder Member of its Capital Contributions and a complete distribution to the Unitholder Member of its interest in the Company and all of the Company’s property property, and constitutes a compromise to which all Unitholders Members have consented within the meaning of the Act.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Coca Cola Bottling Co Consolidated /De/), Limited Liability Company Agreement (Coca Cola Bottling Co Consolidated /De/)

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