Form of Liquidating Distributions. Unless otherwise unanimously agreed by the Members, the distribution to the Members under this Section 12 shall consist of an undivided interest in each item of Property other than cash and a proportionate share of the Company's cash (including cash resulting from the sale of Property or the repayment of Permitted Investments), such undivided interest and proportionate share in each case being equal to the ratio of the balance in each Member's Capital Account to the aggregate balances of the Capital Accounts of all of the Members.
Appears in 2 contracts
Sources: Operating Agreement (Pepco Holdings Inc), Operating Agreement (Pepco Holdings Inc)