Liquidation Distribution. Subject to Section 4.01(d) with respect to Tax Distributions, all Distributions by the Company, and all proceeds (whether received by the Company or directly by the Members) in connection with dissolution of the Company shall be made or allocated among the holders of Participating Units pro rata based on the number of Participating Units held by each such holder.
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Sources: Limited Liability Company Agreement (Prokidney Corp.), Agreement and Plan of Merger (Highland Transcend Partners I Corp.), Limited Liability Company Agreement (Highland Transcend Partners I Corp.)
Liquidation Distribution. Subject to Section 4.01(d4.01(b) with respect to Tax DistributionsDistributions and the provisions of any Certificate of Designations, all Distributions by the Company, and all proceeds (whether received by the Company or directly by the Members) in connection with dissolution of the Company shall be made or allocated among the holders of Participating Class A Units and Class B Units pro rata based on the number of Participating such Units held by each such holder.
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Sources: Limited Liability Company Agreement (OPAL Fuels Inc.), Business Combination Agreement (ArcLight Clean Transition Corp. II)
Liquidation Distribution. Subject to Section 4.01(d4.01(c) with respect to Tax Distributions, all Distributions by the Company, and all proceeds (whether received by the Company or directly by the Members) in connection with dissolution of the Company shall be made or allocated among the holders of Participating Common Units pro rata based on the number of Participating Common Units held by each such holder.
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Liquidation Distribution. Subject to Section 4.01(d4.01(b) with respect to Tax Distributions, all Distributions by the Company, and all proceeds (whether received by the Company or directly by the Members) in connection with dissolution of the Company shall be made or allocated among the holders of Participating Class A Units and Class B Units pro rata based on the number of Participating such Units held by each such holder.
Appears in 1 contract
Sources: Business Combination Agreement (Spree Acquisition Corp. 1 LTD)
Liquidation Distribution. Subject to Section 4.01(d4.01(b) with respect to Class P Units and Section 4.01(c) with respect to Tax Distributions, all Distributions by the Company, and all proceeds (whether received by the Company or directly by the Members) in connection with dissolution of the Company shall be made or allocated among the holders of Participating Units and Vested LTIP Units pro rata based on the number of Participating Units and Vested LTIP Units held by each such holder.
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