Liquidation and Dissolution. 4.4.1 If the Company is liquidated, in the year of such liquidation the assets of the Company shall be distributed to the Members in accordance with the positive balances in their respective Capital Accounts, after taking into account all adjustments to Capital Accounts for the Company taxable year during which the liquidation occurs.
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Samples: Operating Agreement (Presidential Realty Corp/De/), Operating Agreement (Presidential Realty Corp/De/)
Liquidation and Dissolution. 4.4.1 If Upon liquidation of the Company is liquidatedCompany, in the year of such liquidation the assets of the Company shall be distributed to the Members in accordance with the their positive balances in their respective Capital Accounts, after taking into account giving effect to all adjustments to Capital Accounts Contributions, distributions, and allocations for the Company taxable year during which the liquidation occursall periods.
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Liquidation and Dissolution. 4.4.1 If the Company is liquidated, in the year of such liquidation the assets of the Company shall be distributed to the Members in accordance with the positive balances in their respective Capital Accounts, after taking into account all adjustments to Capital Accounts for the Company taxable year during which the liquidation occurs.. 4.4.2 No Member shall be obligated to restore a Negative Capital Account. 12
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Liquidation and Dissolution. 4.4.1 4.2.1 If the Company is liquidated, in the year of such liquidation the assets of the Company shall be distributed to the Members members in accordance with the positive balances in their respective Capital Accounts, after taking into account all adjustments to Capital Accounts for the Company taxable year during which the liquidation occurs.
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Liquidation and Dissolution. 4.4.1 If the Company is liquidated, in the year of such liquidation the assets of the Company shall be distributed to the Members in accordance with the positive balances in their respective Capital Accounts, after taking into account all adjustments to Capital Accounts for the Company taxable year during which the liquidation occurs. 4.4.2 No Member shall be obligated to restore a Negative Capital Account. 4.5.
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Liquidation and Dissolution. 4.4.1 4.5.1 If the Company is liquidated, in the year of such liquidation the assets of the Company shall be distributed to the Members in accordance with the positive balances in proportion to their respective Adjusted Capital Accounts, after taking into account all adjustments to Capital Accounts for the Company taxable year during which the liquidation occursBalances.
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Samples: Operating Agreement (Premier Mortgage Resources Inc)
Liquidation and Dissolution. 4.4.1 4.2.1. If the Company is liquidated, in the year of such liquidation the assets of the Company Company, after payment of all liabilities, shall be distributed to the Members in accordance with the positive balances in their respective Capital Accounts, after taking into account all adjustments to Capital Accounts for the Company taxable year during which the liquidation occursMember.
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