Common use of Liquidation of In-Kind Distribution Clause in Contracts

Liquidation of In-Kind Distribution. Any expenses incurred by the Company in connection with the sale or disposition of any Property owned by the Company that would otherwise have been distributed in-kind in accordance herewith, will be specially allocated to the Members electing to receive such distribution in cash pursuant to this Agreement, pro rata in accordance with their relative interests in such distribution; provided, that, for purposes of this Agreement, such Member shall be treated as having received a distribution of such Property and in an amount equal to such Property’s Gross Asset Value (as determined in clause (iii) of the definition thereof).