Treatment as Purchase Under Section 741. The Members agree to treat the Transfer of the Class A Members’ Interests to the Electing Members pursuant to this Section 14.03 as a purchase and sale under Section 741 of the Code and not as a retirement under Section 736 of the Code.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Ims Health Inc), Agreement of Limited Liability Company (Ims Health Inc)
Treatment as Purchase Under Section 741. The Members agree to treat the Transfer Disposition of the Class A Members’ Member Interests to the Electing Members pursuant to this Section 14.03 11.1 as a purchase and sale under Section 741 of the Code and not as a retirement under Section 736 of the Code.
Appears in 1 contract
Samples: Limited Liability Company Agreement (APT Sunshine State LLC)
Treatment as Purchase Under Section 741. The Members agree to treat the Transfer Disposition of the Class A Members’ Interests Member Interest to the Electing Members Purchasers pursuant to this Section 14.03 11.2 as a purchase and sale under Section 741 of the Code and not as a retirement under Section 736 of the Code.
Appears in 1 contract
Samples: Limited Liability Company Agreement (El Paso Corp/De)
