Common use of Distribution Upon Liquidation in Accordance with Capital Accounts Clause in Contracts

Distribution Upon Liquidation in Accordance with Capital Accounts. Upon liquidation of the LLC, liquidating distributions shall in all cases be made in accordance with the positive Capital Account balances of the Members, as determined after taking into account all Capital Account adjustments for the LLC’s taxable year during which such liquidation occurs (other than those made pursuant to this Section), by the end of such taxable year or, if later, within ninety (90) days after the date of such liquidation, except as permitted by Treas. Reg. §1.704-1(b)(2)(ii)(b).

Distribution Upon Liquidation in Accordance with Capital Accounts. Upon liquidation of the LLCPartnership, liquidating distributions shall in all cases be made in accordance with the positive Capital Account balances of the MembersPartners, as determined after taking into account all Capital Account adjustments for the LLC’s Partnership taxable year during which such liquidation occurs (other than those made pursuant to this Section), by the end of such taxable year or, if later, within ninety (90) days after the date of such liquidation, except as permitted by Treas. Reg. §1.704-1(b)(2)(ii)(b).

Distribution Upon Liquidation in Accordance with Capital Accounts. Upon liquidation of the LLCPartnership, liquidating distributions shall in all cases be made in accordance with the positive Capital Account balances of the MembersPartners, as determined after taking into account all Capital Account adjustments for the LLCPartnership’s taxable year during which such liquidation occurs (other than those made pursuant to this Section), by the end of such taxable year or, if later, within ninety (90) days after the date of such liquidation, except as permitted by Treas. Reg. §1.704-1(b)(2)(ii)(bl(b)(2)(ii)(b).