Final Distribution. The liquidator will distribute any assets remaining after the discharge or accommodation of the Company’s debts, obligations and liabilities to the Member.
Appears in 84 contracts
Samples: Operating Agreement (Avenue N Holdings LLC), Operating Agreement (Avenue N Holdings LLC), Operating Agreement (Avenue N Holdings LLC)
Final Distribution. The liquidator will distribute any assets remaining after the discharge or accommodation of the Company’s debts, obligations and liabilities to the MemberMembers in proportion to their Capital Accounts. The liquidator will distribute any assets distributable in kind to the Members in undivided interests as tenants in common. A Member whose Capital Account is negative will have no liability to the Company, the Company’s creditors or any other Member with respect to the negative balance.
Appears in 10 contracts
Samples: Limited Liability Company Operating Agreement (PFG Fund V, LLC), Limited Liability Company Operating Agreement (Circle of Wealth Fund III LLC), Limited Liability Company Operating Agreement (PFG Fund V, LLC)
Final Distribution. The liquidator will distribute any assets remaining after the discharge or accommodation of the Company’s 's debts, obligations and liabilities to the MemberMembers in proportion to their Capital Accounts. The liquidator will distribute any assets distributable in kind to the Members in undivided interests as tenants in common. A Member whose Capital Account is negative will have no liability to the Company, the Company's creditors or any other Member with respect to the negative balance.
Appears in 9 contracts
Samples: Limited Liability Company Operating Agreement (LK Secured Lending Reg a Fund, LLC), Limited Liability Company Operating Agreement (LK Secured Lending Reg a Fund, LLC), Limited Liability Company Operating Agreement (LK Secured Lending Reg a Fund, LLC)
Final Distribution. The liquidator will distribute any assets remaining after the discharge or accommodation of the CompanyLLC’s debts, obligations and liabilities to the MemberMembers in proportion to their Capital Accounts. The liquidator will distribute any assets distributable in kind to the Members in undivided interests as tenants in common. A Member whose Capital Account is negative will have no liability to the LLC, the LLC’s creditors or any other Member with respect to the negative balance.
Appears in 7 contracts
Samples: Limited Liability Company Operating Agreement (Cf Fund Ii, LLC), Operating Agreement (Cf Fund Ii, LLC), Limited Liability Company Operating Agreement (Cf Fund Ii, LLC)
Final Distribution. The liquidator will distribute any assets remaining after the discharge or accommodation of the Company’s (or a Series’) debts, obligations obligations, and liabilities to the Members, in proportion to their Capital Accounts. The liquidator many distribute any assets distributable in kind to the Members in undivided interests, as tenants in common. A Member whose Capital Account is negative will have no liability to the Company (or a Series), creditors, or any other Member, with respect to the negative balance.
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement (Forte Investment Fund, LLC), Limited Liability Company Operating Agreement (Concreit Series LLC), Limited Liability Company Operating Agreement (Concreit Series LLC)
Final Distribution. The liquidator will distribute any assets remaining after the discharge or accommodation of the Company’s 's debts, obligations and liabilities to the Member.
Appears in 1 contract
