Liquidation and Dissolution. (a) If the Company is liquidated, the assets of the Company shall be distributed to the Interest Holders as provided in section 8.2. (b) No Interest Holder shall be obligated to restore a Negative Capital Account.
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Samples: Operating Agreement (Advanced Na, LLC), Operating Agreement (Advanced Na, LLC), Operating Agreement (Advanced Na, LLC)
Liquidation and Dissolution. (a) If Upon liquidation of the Company is liquidatedCompany, the assets of the Company shall be distributed to the Interest Holders as provided in section 8.2accordance with the positive balances in their respective Capital Accounts, after giving effect to all Contributions, Distributions, and allocations for all periods. Distributions to the Interest Holders pursuant to this Section 6.05 (a) shall be made in accordance with Regulation Section 1.704-1(b)(2)(ii)(b)(2).
(b) No Interest Holder shall be obligated to restore a Negative Capital Account.
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Liquidation and Dissolution. (a) If Upon liquidation of the Company is liquidatedCompany, the assets of the Company shall be distributed to the Interest Holders as provided in section 8.2accordance with the positive balances in their respective Capital Accounts, after giving effect to all Contributions, Distributions, and allocations for all periods. Distributions to the Interest Holders pursuant to this Section 6.04 (a) shall be made in accordance with Regulation Section 1.704-1(b)(2)(ii)(b)(2).
(b) No Interest Holder shall be obligated to restore a Negative Capital Account.
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Liquidation and Dissolution. (a) 5.7.1 If the Company is liquidated, the assets of the Company shall be distributed to the Interest Holders as provided in section 8.2§ 8.
(b) 5.7.2 No Interest Holder shall be obligated to restore a Negative Capital AccountAccount with a balance of less than zero.
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