Sale Proceeds. In any Approved Sale or Forced Sale, the aggregate consideration received by the Members shall be distributed among the Members as if such consideration were received by the Company, the debts and obligations of the Company paid in full (including without limitation any prepayment penalties with respect to outstanding indebtedness and all asset management fees payable to the Asset Manager under the Asset Management Agreement), and the proceeds distributed pursuant to Section 7.3 hereof.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Strategic Hotels & Resorts, Inc), Limited Liability Company Agreement (Strategic Hotels & Resorts, Inc), Limited Liability Company Agreement (Strategic Hotels & Resorts, Inc)
