Treatment as Purchase Under Section 741. The Class B Limited Members agree to treat the Transfer of the Class A Limited Membership Interests to the Managing Member pursuant to this Section 11.9 as a purchase and sale under Code Section 741 and not as a retirement under Code Section 736.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (General Mills Inc), Limited Liability Company Agreement (General Mills Inc), Limited Liability Company Agreement (General Mills Inc)
Treatment as Purchase Under Section 741. The Class B A Limited Members agree to treat the Transfer of the Class A Limited Membership Interests to the Managing Member pursuant to this Section 11.9 11.8 as a purchase and sale under Code Section 741 and not as a retirement under Code Section 736.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (General Mills Inc), Limited Liability Company Agreement (General Mills Inc), Limited Liability Company Agreement (General Mills Inc)
Treatment as Purchase Under Section 741. The Class B A Limited Members agree to treat the Transfer of the Class A Limited Membership Interests to the Managing Member Company pursuant to this Section 11.9 15.1 as a purchase and sale under Code Section 741 and not as a retirement under Code Section 736.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (At&t Inc.), Limited Liability Company Agreement (At&t Inc.)
