Common use of In-Kind Distributions Clause in Contracts

In-Kind Distributions. Subject to Section 00-00-000 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 11 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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In-Kind Distributions. Subject to Section 00-00-000 of the Act, the Company may make in-kind distributions of the Company assets, provided . The Member must record such an in-kind distribution in the Members unanimously agree and such agreement is in writingCompany's books. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 10 contracts

Samples: Operating Agreement, Mississippi Single Member Limited Liability Company Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 00-00-000 12:1326 of the ActLaw, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 5 contracts

Samples: Louisiana Multi Member Limited Liability Company Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 00-00-000 1706.29 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 5 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 0018-00-000 504 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 00304-00-000 C:96 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 00-00-000 of the Act, the The Company may make in-kind distributions of the Company assetsassets pursuant to Section 63.219 of the Act, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 00-00-000 of the Act, the The Company may make in-kind distributions of the Company assetsassets pursuant to Section 23-18-5-8 of the Act, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 00-00-000 10A-5A-4.05 of the ActLaw, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 0017-00-000 76,108 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 0035-008-000 603 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject The Company may make in-kind distributions of the Company assets pursuant to Section 00-00-000 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 0018-00-000 2028 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 00-00-000 42:2C-34 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 4 contracts

Samples: Limited Liability Company Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 00-00-000 of the Act, the The Company may make in-kind distributions of the Company assetsassets pursuant to Section 25-1 of the Act, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 00-00-000 of the Act, the The Company may make in-kind distributions of the Company assetsassets pursuant to Section 428-405 of the Act, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 00-00-000 of the Act, the The Company may make in-kind distributions of the Company assetsassets pursuant to Sections 101.202 and 101.203 of the Law, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 00-00-000 10.50.340 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 00-00-000 86.346 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 00-00-000 of the Act, the The Company may make in-kind distributions of the Company assetsassets pursuant to Section 8844 of the Act, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 0034-00-000 255c of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 0021-00-000 133 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 007-0080-000 604 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 00-00-000 10.50.340 of the Act, the Company may make in-kind distributions of the Company assets, provided . The Member must record such an in-kind distribution in the Members unanimously agree and such agreement is in writingCompany's books. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Alaska Operating Agreement

In-Kind Distributions. Subject to Section 00-00-000 275.220 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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In-Kind Distributions. Subject to Section 00-00-000 450.4306 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 00-00000-000 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 0013.1-00-000 1034 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 00-00-000 183.0605 of the ActLaw, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 00-00-000 29–804.04 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 00-00-000 322C.0404 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 0010-0032.1-000 30 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 007-0016-000 30 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 004-0038-000 404 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 0057D-4-00-000 04 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 00-00-000 3989 of the Act, the Company may make in-in- kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 00-00-000 347.105 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 0031B-4-00-000 405 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

In-Kind Distributions. Subject to Section 00-00-000 15116(D) of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 1 contract

Samples: Operating Agreement

In-Kind Distributions. Subject to Section 0047-00-000 34A-405 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

Appears in 1 contract

Samples: Operating Agreement

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