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 to be made in cash or in kind. If any assets of the LLC are distributed in kind, such assets shall be distributed pursuant to Section 8.01(a) on the basis of their fair market value as determined by the Board. Any Member enti- tled to any interest in such assets shall, unless otherwise determined by the Board, receive separate assets of the LLC, and not an interest as tenant-in-common with other Members so entitled in 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 to be made in cash or in kind. If any assets of the LLC are distributed in kind, such assets shall be distributed pursuant to Section 8.01(a) on the basis of their fair market value as determined by the BoardBoard of Managers. Any Member enti- tled entitled to any interest in such assets shall, unless otherwise determined by the BoardBoard of Managers, receive separate assets of the LLC, LLC and not an interest as a tenant-in-common with other Members so entitled in each 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 pursuant to in accordance with Section 8.01(a) 4.01 on the basis of their fair market value as reasonably determined by the BoardBoard of Directors. Any Member enti- tled entitled to any interest in such assets shall, unless otherwise determined by the BoardBoard of Directors, receive separate assets of the LLC, LLC and not an interest as a tenant-in-common with other Members so entitled in each 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 pursuant to Section 8.01(a) on the basis of their fair market value as determined by the BoardMembers. Any Member enti- tled entitled to any interest in such assets shall, unless otherwise determined by the BoardMembers, receive separate assets of the LLC, and not an interest as tenant-in-common with other Members so entitled entitled, in each asset being distributed.