Distributions and Allocations upon Liquidation. Upon liquidation of the Company (or the Member’s Membership Interest), liquidating distributions will be made pursuant to Section 5.1 and in accordance with the positive Capital Account balance of the Member as of the date of liquidation, as determined after taking into account all Capital Account adjustments for the Company’s taxable year during which the liquidation occurs.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (River Medical Inc), Limited Liability Company Agreement (River Medical Inc)
Distributions and Allocations upon Liquidation. Upon liquidation of the Company (or the Member’s Membership Interest), liquidating distributions will be made pursuant to Section 5.1 6.1 and in accordance with the positive Capital Account balance of the Member as of the date of liquidation, as determined after taking into account all Capital Account adjustments for the Company’s taxable year during which the liquidation occurs.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Loews Mountainside Cinemas, Inc.), Limited Liability Company Agreement (LCE AcquisitionSub, Inc.)
Distributions and Allocations upon Liquidation. Upon liquidation of the Company (or the Member’s 's Membership Interest), liquidating distributions will be made pursuant to Section 5.1 and in accordance with the positive Capital Account balance of the Member as of the date of liquidation, as determined after taking into account all Capital Account adjustments for the Company’s 's taxable year during which the liquidation occurs.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Mobile Medic Ambulance Service Inc), Limited Liability Company Agreement (Mobile Medic Ambulance Service Inc)
