Common use of Valuation of Distributable Assets Clause in Contracts

Valuation of Distributable Assets. Assets may be distributed to members either in cash or in kind, as determined by the Board, with any assets distributed in kind being valued for this purpose at the fair market value at the date of dissolution as determined by the Board. In the event of the Company's dissolution, the Board may request an independent appraisal of the fair market value of the Company's assets. If such assets are distributed in kind, such assets shall be deemed to have been sold as of the date of dissolution for their fair market value, and the Capital Accounts shall be adjusted pursuant to this Agreement to reflect such deemed sale.

Valuation of Distributable Assets. Assets may be distributed to members either in cash or in kind, as determined by the Board, with any assets distributed in kind being valued for this purpose at the fair market value at the date of dissolution as determined by the Board. In the event of the Company's ’s dissolution, the Board may request an independent appraisal of the fair market value of the Company's ’s assets. If such assets are distributed in kind, such assets shall be deemed to have been sold as of the date of dissolution for their fair market value, and the Capital Accounts shall be adjusted pursuant to this Agreement to reflect such deemed sale.

Valuation of Distributable Assets. Assets may be distributed to members either in cash or in kind, as determined by the Board, with any assets distributed in kind being valued for this purpose at the fair market value at the date of dissolution as determined by the Board. In the event of the Company's dissolution, the Board may request an independent appraisal of the fair market value of the Company's assets. If such assets are distributed in kind, such assets shall be deemed to have been sold as of the date of dissolution for their fair market value, and the Capital Accounts shall be adjusted pursuant to this Agreement to reflect such deemed sale.. D.

Valuation of Distributable Assets. Assets may be distributed to members either in cash or in kind, as determined by the Board, with any assets distributed in kind being valued for this purpose at the fair market value at the date of dissolution as determined by the Board. In the event of the Company's dissolution, the Board may request an independent appraisal of the fair market value of the Company's assets. If such assets are distributed in kind, such assets shall be deemed to have been sold as of the date of dissolution for their fair market value, and the Capital Accounts shall be adjusted pursuant to this Agreement to reflect such deemed sale.. Termination;