Distributions Upon a Sale of the Company Sample Clauses

Distributions Upon a Sale of the Company. Notwithstanding any other provision of this Section 4.5, in the event of a Sale of the Company that results in the sale of Units, each Member shall receive in exchange for the equity securities held by such Member included in such Sale of the Company the same portion of the aggregate consideration from such Sale of the Com- pany that such Member would have received if such aggregate consideration had been distributed by the Company pursuant to the terms of Section 9.3 (but assuming, for purposes of this determi- nation, that the Units sold in the Sale of the Company are the only Units outstanding). Each hold- er of equity securities shall take all necessary or desirable actions (as determined by the Man- agers) in connection with the distribution of the aggregate consideration from such Sale of the Company.
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Distributions Upon a Sale of the Company. In the event of a Sale of the Company, each Unitholder shall receive in exchange for the Units held by such Unitholder the same portion of the aggregate consideration from such transaction that such Unitholder would have received if such aggregate consideration had been distributed by the Company in accordance with the provisions of Section 4.1(b) (and with it being understood that determinations regarding the timing and amount of Distributions in connection with a Sale of the Company shall be made by the Manager). Each Unitholder shall take all necessary or desirable actions in connection with the distribution of the aggregate consideration from any such transaction as requested by the Manager.
Distributions Upon a Sale of the Company. The Company shall distribute to the Members the net proceeds that it receives upon a sale, exchange or other disposition of all or substantially all of the assets of the Company, as soon as reasonably practicable upon receipt thereof, in the following order of priority:
Distributions Upon a Sale of the Company. In the event of a sale or exchange by the Stockholders of all or substantially all of the Common Stock and Preferred Stock held by the Stockholders (whether by sale, merger, recapitalization, reorganization, consolidation, combination or otherwise), including, without limitation, a Sale of the Company, each Stockholder shall receive in exchange for the shares of each class of Stockholder Shares held by such Stockholder the same portion of the aggregate consideration from such sale or exchange that such Stockholder would have received if such aggregate consideration had been distributed by the Company in complete liquidation pursuant to the rights and preferences of such class of Stockholder Shares set forth in the Company's Articles of Incorporation as in effect immediately prior to such sale or exchange. Each Stockholder shall take all necessary or desirable actions in connection with the distribution of the aggregate consideration from such sale or exchange as requested by the Company.
Distributions Upon a Sale of the Company. In the event of a Sale of the Company, each Unitholder shall receive in exchange for the Units held by such Unitholder, Distributions in the following order of priority (and with it being understood that determinations regarding the timing and amount of Distributions in connection with a Sale of the Company shall be made by the Board):
Distributions Upon a Sale of the Company. Subject to Section 8.4, in the event of a Change of Control Transaction (other than with respect to a sale or transfer of Interests in which event the consideration shall be paid directly to the Members) the net proceeds shall be distributed to the Members in accordance with the priorities set forth in Section 5.

Related to Distributions Upon a Sale of the Company

  • Distributions Upon Liquidation Proceeds from a Terminating Capital Transaction and any other cash received or reductions in reserves made after commencement of the liquidation of the Partnership shall be distributed to the Partners in accordance with Section 13.2.

  • Distributions Upon Dissolution Upon the dissolution of the Company, the properties of the Company to be sold shall be liquidated in orderly fashion and the proceeds thereof, and the property to be distributed in kind, shall be distributed as follows:

  • Distributions; Upstream Payments Declare or make any Distributions, except Upstream Payments and Permitted Distributions; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.15.

  • Distributions Upon Taxation of Amounts Deferred If, pursuant to Code Section 409A, the Federal Insurance Contributions Act or other state, local or foreign tax, the Executive becomes subject to tax on the amounts deferred hereunder, then the Bank may make a limited distribution to the Executive in a manner that conforms to the requirements of Code section 409A. Any such distribution will decrease the Executive’s benefits distributable under this Agreement.

  • Rights and Payments Upon Termination The Executive’s right to compensation and benefits for periods after the date on which his employment with the Company terminates for whatever reason (the “Termination Date”), shall be determined in accordance with this Section 6 as follows:

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