Compliance with Timing Requirements of Regulations. Except as otherwise provided in Section 10.6, in the event the Company is “liquidated” within the meaning of Regulations § 1.704-1(b)(2)(ii)(g), distributions shall be made pursuant to Section 10.2. In the discretion of the Liquidating Trustee, all or any portion of the ·distributions that would otherwise be made to the Members may be:
Appears in 4 contracts
Samples: Operating Agreement (Sunoco LP), Operating Agreement (Energy Transfer Partners, L.P.), Support Agreement (Sunoco LP)
Compliance with Timing Requirements of Regulations. Except as otherwise provided in Section 10.6, in In the event the Company is “liquidated” within the meaning of Regulations § 1.704-1(b)(2)(ii)(gRegulation §1.704.1(b)(2)(ii)(g), then distributions shall be made pursuant to Section 10.2this Article 11 to the Members who have positive Capital Accounts in compliance with Regulation §1.704-1(b)(2)(ii)(b)(2). In the discretion of the Liquidating Trusteeliquidating trustee, all or any portion a pro rata proportion of the ·distributions distribution that would otherwise be made to the Members pursuant to this Article 11 may be:
Appears in 3 contracts
Samples: Membership Interest Purchase Agreement (Rhove Real Estate 1, LLC), Membership Interest Purchase Agreement (Rhove Real Estate 1, LLC), Operating Agreement (Rhove Real Estate 1, LLC)
Compliance with Timing Requirements of Regulations. Except as otherwise provided in Section 10.6, in the event the Company is “liquidated” within the meaning of Regulations § 1.704-1(b)(2)(ii)(g), distributions shall be made pursuant to Section 10.2. In the discretion of the Liquidating Trustee, all or any portion of the ·distributions that would otherwise be made to the Members may be:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Boardwalk Pipeline Partners, LP)
Compliance with Timing Requirements of Regulations. Except as otherwise provided in Section 10.6, in the event the Company is “liquidated” within the meaning of Regulations § 1.704-1(b)(2)(ii)(g), distributions shall be made pursuant to Section 10.2. In the discretion of the Liquidating Trustee, all or any a Pro Rata portion (according to the amount of the ·distributions) of the distributions that would otherwise be made to the Members may be:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Boardwalk Pipeline Partners, LP)
Compliance with Timing Requirements of Regulations. Except as otherwise provided in Section 10.6, in the event the Company is “liquidated” within the meaning of Regulations § 1.704-1(b)(2)(ii)(gl(b)(2)(ii)(g), distributions shall be made pursuant to Section 10.2. In the discretion of the Liquidating Trustee, all or any portion of the ·distributions that would otherwise be made to the Members may be:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Paulsboro Natural Gas Pipeline Co LLC)
