Distribution Upon Liquidation. Upon liquidation of the Company, distributions shall be remitted to the Members to the extent and in proportion with their aggregate Unreturned Capital Contributions until the aggregate amount distributed to such Members in accordance with this Section 11.2 is sufficient to provide for a return of such Members’ Capital Contributions by the Company. After all Capital Contributions have been returned to the Members, any remaining funds shall be distributed as set forth above in Section 11.1.
Appears in 2 contracts
Sources: Operating Agreement (Shasta Power Fund II, LLC), Operating Agreement (Shasta Power Fund II, LLC)
Distribution Upon Liquidation. Upon liquidation of the Company, distributions shall be remitted to the Members to the extent and in proportion with their aggregate Unreturned Capital Contributions until the aggregate amount distributed to such Members in accordance with this Section 11.2 is sufficient to provide for a return of such Members’ Capital Contributions by the Company. After all Capital Contributions have been returned to the Class A Members, any remaining funds shall be distributed as set forth above in Section 11.1.
Appears in 1 contract
Sources: Operating Agreement (Stock-Wars LLC)
Distribution Upon Liquidation. Upon liquidation of the Company, distributions shall be remitted to the Members to the extent and in proportion with their aggregate Unreturned Invested Capital Contributions until the aggregate amount distributed to such Members in accordance with this Section 11.2 10.1 is sufficient to provide for a return of such Members’ Capital Contributions by the Company. After all Capital Contributions have been returned to the Members, Company and any remaining funds shall be distributed as set forth above in Section 11.1for Distributable Cash.
Appears in 1 contract
Sources: Operating Agreement (Real Street Build-to-Rent Fund I, LLC)
Distribution Upon Liquidation. Upon liquidation of the Company, distributions shall be remitted to the Members to the extent and in proportion with their aggregate Unreturned Capital Contributions until the aggregate amount distributed to such Members in accordance with this Section 11.2 is sufficient to provide for a return of such Members’ Capital Contributions by the Company. After all Capital Contributions have been returned to the Members, any remaining funds shall be distributed as set forth above in Section 11.1.the
Appears in 1 contract