Common use of Distributions on Dissolution and Winding Up Clause in Contracts

Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts for all distributions made under Section 8.01 for any period immediately preceding the dissolution and winding up of the Company and all allocations under this Article VIII, all available proceeds distributable to the Members as determined under Section 15.02 shall be distributed to the Members in amounts equal to the Members’ positive Capital Account balances.

Appears in 3 contracts

Sources: Limited Liability Company Agreement (Oxford Resource Partners LP), Limited Liability Company Agreement (Oxford Resource Partners LP), Limited Liability Company Agreement (Oxford Resource Partners LP)

Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts for all distributions made under Section 8.01 for any period immediately preceding the dissolution and winding up of the Company 6.01 and all allocations under this Article VIIIVI, all available proceeds distributable to the Members as determined under Section 15.02 13.02 shall be distributed to all of the Members in amounts equal to the Members' positive Capital Account balances.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Sunoco Partners Marketing & Terminals Lp), Limited Liability Company Agreement (Sunoco Logistics Partners Lp)

Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts for all distributions made under Section 8.01 for any period immediately preceding the dissolution and winding up of the Company 6.01 and all allocations under this Article VIIIVI, all available proceeds distributable to the Members as determined under Section 15.02 12.02 shall be distributed to all of the Members in amounts equal to the Members' positive Capital Account balances.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Sunoco Logistics Partners Lp), Limited Liability Company Agreement (Sunoco Logistics Partners Lp)

Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts for all distributions made under Section 8.01 for any period immediately preceding the dissolution Sections 5.6(a), 5.6(b) and winding up of the Company 5.6(c), and all allocations under this Article VIIIV, all available proceeds assets distributable to the Members as determined under Section 15.02 9.2(v) shall be distributed to the Members in amounts equal to the Members’ accordance with their positive Capital Account balances.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (National Grid Transco PLC), Limited Liability Company Agreement (Ameren Corp)

Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts for all distributions made under Section 8.01 for any period immediately preceding the dissolution and winding up of the Company and all allocations under this Article VIII, all available proceeds distributable to the Members as determined under Section 15.02 shall be distributed to all of the Members in amounts equal to the Members' positive Capital Account balances.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Quest Resource Corp)

Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts for all distributions made under Section 8.01 for any period immediately preceding the dissolution and winding up of the Company 6.01 and all allocations under this Article VIIIVI, all available proceeds distributable to the Members as determined under Section 15.02 13.02 shall be distributed to all of the Members in amounts equal to the Members’ positive Capital Account balances.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Sunoco Logistics Partners L.P.)

Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts for all distributions made under Section 8.01 for any period immediately preceding the dissolution Sections 7.2, 7.3 and winding up of the Company 7.4 and all allocations made under this Article VIII7, all available proceeds distributable to the Members as determined under Section 15.02 12.2 shall be distributed to the Members in amounts equal to accordance with the Members’ positive balances in their Capital Account balancesAccounts.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Hirschfeld Industries, Inc.)

Distributions on Dissolution and Winding Up. Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts for all distributions made under Section 8.01 for any period immediately preceding the dissolution and winding up of the Company and all allocations under this Article VIII, all available proceeds distributable to the Members as determined under Section 15.02 shall be distributed to all of the Members in amounts equal to the Members’ positive Capital Account balances.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Quest Resource Corp)