Common use of Distributions to Withdrawing ERISA Member Clause in Contracts

Distributions to Withdrawing ERISA Member. (a) As promptly as practicable following the ERISA Withdrawal Date but subject to the Delaware Act, there shall be distributed to such ERISA Member, in full payment and satisfaction of its Units, an amount equal to the amount which such ERISA Member would have been entitled to receive pursuant to Article 9 if the Company had been liquidated on and as of the ERISA Withdrawal Date and each of the Company’s assets had been sold on such date for its fair market value determined pursuant to 14.2.4(b). No approval of the Members shall be required prior to the making of such distribution.

Distributions to Withdrawing ERISA Member. (a) As promptly as practicable following the ERISA Withdrawal Date but subject to the Delaware Act, there shall be distributed to such ERISA Member, in full payment and satisfaction of its UnitsInterest, an amount equal to the amount which such ERISA Member would have been entitled to receive pursuant to Article 9 10 if the Company had been liquidated on and as of the ERISA Withdrawal Date and each of the Company’s assets had been sold on such date for its fair market value determined pursuant to 14.2.4(b15.2.4(b). No approval of the Members shall be required prior to the making of such distribution.