Form of Distributions; Apportionment of Distributions. Except as otherwise authorized by the Manager, all distributions made before the commencement of the liquidation of the Company’s assets pursuant to Article 10 shall consist of cash or Freely Tradable Securities. Each lot of such securities to be distributed in kind shall be distributed to the Members in proportion to their respective shares of the proposed distribution as provided in this Article 7 or Article 10, as the case may be, except to the extent that a disproportionate distribution of such securities is necessary in order to avoid distributing fractional shares. For purposes of the preceding sentence, each lot of stock or other securities having a separately identifiable tax basis or holding period shall be treated as a separate lot of securities.
