Distributions Upon Liquidation or a Deemed Liquidation Event. (a) Notwithstanding Section 3.01, upon a liquidation (pursuant to Article X) or a Deemed Liquidation Event, the Company shall distribute the net proceeds or assets available for distribution, whether in cash or in other property, to the Members as follows:
Appears in 7 contracts
Samples: Limited Liability Company Agreement (General Motors Co), Limited Liability Company Agreement (General Motors Co), Limited Liability Company Agreement (General Motors Co)
Distributions Upon Liquidation or a Deemed Liquidation Event. (a) Notwithstanding Section 3.01, upon Upon a liquidation (pursuant to Article X) Liquidation or a Deemed Liquidation Event, after payment of, or other adequate provision for, the debts and obligations of the Company, including the expenses of its liquidation and dissolution or other transaction expenses, the Company shall distribute the net proceeds or assets available for distribution, whether in cash or in other propertyproperty (“Net Liquidation Proceeds”), to the Members Holders of Series A Preferred Units and Common Units as follows:
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Gigamon LLC)
Distributions Upon Liquidation or a Deemed Liquidation Event. (a) Notwithstanding Section 3.01, upon Upon a liquidation (pursuant to Article X) Liquidation or a Deemed Liquidation Event, after payment of, or other adequate provision for, the debts and obligations of the Company, including the expenses of its liquidation and dissolution or other transaction expenses, the Company shall distribute the net proceeds or assets available for distribution, whether in cash or in other propertyproperty (“Net Liquidation Proceeds”), to the Members Holders of Preferred Units and Common Units as follows:
Appears in 1 contract
Samples: Limited Liability Company Agreement
