Common use of Distribution of Assets in Kind Clause in Contracts

Distribution of Assets in Kind. No Member shall have the right to ------------------------------ require any distribution of any assets of the LLC in kind. If any assets of the LLC are distributed in kind, such assets shall be distributed in accordance with Section 4.01 on the basis of their fair market value as reasonably determined by the Board of Directors. Any Member entitled to any interest in such assets shall, unless otherwise determined by the Board of Directors, receive separate assets of the LLC and not an interest as a tenant-in-common with other Members so entitled in any asset being distributed.

Distribution of Assets in Kind. No Member shall have the right to ------------------------------ require any distribution of any assets of the LLC to be made in cash or in kind. If any assets of the LLC are distributed in kind, such assets shall be distributed in accordance with pursuant to Section 4.01 8.01(a) on the basis of their fair market value as reasonably determined by the Board of DirectorsBoard. Any Member entitled enti- tled to any interest in such assets shall, unless otherwise determined by the Board of DirectorsBoard, receive separate assets of the LLC LLC, and not an interest as a tenant-in-common with other Members so entitled in any each asset being distributed.

Distribution of Assets in Kind. No Member shall have the right to ------------------------------ require any distribution of any assets of the LLC in kind. If any assets of the LLC are distributed in kind, such assets shall be distributed in accordance with Section 4.01 on the basis of their fair market value as reasonably determined by the Board of DirectorsManagers. Any Member entitled to any interest in such assets shall, unless otherwise determined by the Board of DirectorsManagers, receive separate assets of the LLC and not an interest as a tenant-in-common with other Members so entitled in any asset being distributed.

Distribution of Assets in Kind. No Member shall have the right to ------------------------------ require any distribution of any assets of the LLC in kind. If any assets of the LLC are distributed in kind, such assets shall be distributed in accordance with Section 4.01 on the basis of their fair market value as reasonably determined by the Board of DirectorsMembers. Any Member entitled to any interest in such assets shall, unless otherwise determined by the Board of DirectorsMembers, receive separate assets of the LLC LLC, and not an interest as a tenant-in-common with other Members so entitled entitled, in any each asset being distributed.

Distribution of Assets in Kind. No Member shall have the right to ------------------------------ require any distribution of any assets of the LLC in kind. If any assets of the LLC are distributed in kind, such assets shall be distributed in accordance with Section 4.01 on the basis of their fair market value as reasonably determined by the Board of DirectorsManagers. Any Member entitled to any interest in such assets shall, unless otherwise determined by the Board of DirectorsManagers, receive separate assets of the LLC and not an interest as a tenant-tenant in-common with other Members so entitled in any asset being distributed.