Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts for all distributions made under Section 5.01 and all allocations under Article 5, all available proceeds distributable to the Members as determined under Section 11.02 shall be distributed to all of the Members to the extent of the Members' positive Capital Account balances.
Appears in 27 contracts
Samples: Limited Liability Company Agreement (Somerset Power LLC), Limited Liability Company Agreement (Louisiana Generating LLC), Limited Liability Company Agreement (Louisiana Generating LLC)
Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts for all distributions made under Section 5.01 and all allocations under Article 5, all available proceeds distributable to the Members as determined under Section 11.02 shall be distributed to all of the Members to the extent of the Members' ’ positive Capital Account balances.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Onsite Energy, Inc.), Limited Liability Company Agreement (NRG Retail LLC), Limited Liability Company Agreement (NRG Retail LLC)
Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts for all distributions made under Section 5.01 6.01 and all allocations under Article 5VI, all available proceeds distributable to the Members as determined under Section 11.02 12.02 shall be distributed to all of the Members in amounts equal to the extent of the Members' positive Capital Account balances.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Williams Energy Partners L P), Limited Liability Company Agreement (Williams Energy Partners L P), Limited Liability Company Agreement (Williams Energy Partners L P)
Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts for all distributions made under Section 5.01 and all allocations under this Article 5, all available proceeds distributable to the Members as determined under Section 11.02 shall be distributed to all of the Members in amounts equal to the extent of the Members' positive Capital Account balances.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Enterprise Products Partners L P), Limited Liability Company Agreement (Enterprise Products Partners L P)
Distributions on Dissolution and Winding Up. Upon the dissolution and winding winding-up of the Company, after adjusting the Capital Accounts for all distributions made under Section 5.01 and all allocations under Article 5, all available proceeds distributable to the Members as determined under Section 11.02 12.02 shall be distributed to all of the Members (other than a Breaching Member) in amounts equal to the extent of the Members' ’ positive Capital Account balances.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Spectra Energy Partners, LP), Limited Liability Company Agreement (Duke Energy Corp)
Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts Accounts, if any, for all distributions made under Section 5.01 6.3 and all allocations under Article 56, all available proceeds distributable to the Members as determined under Section 11.02 12.2 shall be distributed to all of the Members in amounts equal to the extent of the Members' positive Capital Account balances.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Legacy Reserves L P)
Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, subject to the terms of Section 2.9 and after adjusting the Capital Accounts capital accounts for all distributions made under Section 5.01 Sections 5.1 and 5.2 and all allocations under this Article 5, all available proceeds distributable to the Members as determined under Section 11.02 12.2 shall be distributed to all of the Members to the extent of the Members' positive Capital Account balanceson a pro rata basis.
Appears in 1 contract
Samples: Limited Liability Company Agreement (El Paso Natural Gas Co)
Distributions on Dissolution and Winding Up. Upon the dissolution and winding winding-up of the Company, after adjusting the Capital Accounts for all distributions made under Section 5.01 and all allocations under Article 5, all available proceeds distributable to the Members as determined under Section 11.02 12.02 shall be distributed to all of the Members (other than a Breaching Member or Member in Default) in amounts equal to the extent of the Members' ’ positive Capital Account balances.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Piedmont Natural Gas Co Inc)
Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts for all distributions made under Section 5.01 and all allocations under Article 5, all available remaining proceeds or assets distributable to the Members as determined under Section 11.02 shall be distributed to all of the Members (other than a Breaching Member) pro rata in proportion to the extent of the Members' their respective positive Capital Account balances.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Spectra Energy Partners, LP)
Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts for all distributions made under Section 5.01 and all allocations under Article 5, all available proceeds distributable to the Members as determined under Section 11.02 shall be distributed to all of the Members to the extent of (other than a Breaching Member) pro rata in accordance with the Members' ’ positive Capital Account balances.
Appears in 1 contract
Samples: Limited Liability Company Agreement (New Jersey Resources Corp)
Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts for all distributions made under Section 5.01 6.01 and all allocations under Article 5VI, all available proceeds distributable to the Members as determined under Section 11.02 shall be distributed to all of the Members in amounts equal to the extent of the Members' positive Capital Account balances.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Williams Energy Partners L P)
Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts for all distributions made under Section 5.01 and all allocations under Article 5, all available proceeds distributable to the Members as determined under Section 11.02 shall be distributed to all of the Members to the extent of the Members' ’ positive Capital Account balances.
Appears in 1 contract
Samples: Limited Liability Company Agreement (NRG Retail LLC)
Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts for all contributions made under Article 4, all distributions made under Section 5.01 and all allocations under Article 55 for all periods including the period during which the liquidation occurs, all available proceeds distributable to the Members as determined under Section 11.02 shall be distributed to all of the Members in amounts equal to the extent of the Members' positive Capital Account balances.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bank Plus Corp)