REVALUATION EVENT. Revaluation Event" shall mean any of the following occurrences: (i) the contribution of money or other property (other than a de minimis amount) by a new or existing Member to the capital of the Company; (ii) the distribution of money or other property (other than a de minimis amount) by the Company to a retiring or continuing Member; (iii) the Liquidation of the Company; or (iv) any other event so specified in section 1.704-1(b)(2)(iv)(f) of the Regulations.
Appears in 1 contract
Sources: Limited Liability Company Agreement (American Skiing Co /Me)
REVALUATION EVENT. Revaluation Event" shall mean any of the following occurrences: (i) the contribution of money or other property (other than a de minimis amount) by a new or existing Member to the capital of the Company; (ii) the distribution of money or other property (other than a de minimis amount) by the Company to a retiring or continuing Member; (iii) the Liquidation of the Company; or (iv) any other event so specified in section Section 1.704-1(b)(2)(iv)(f) of the Regulations.
Appears in 1 contract
Sources: Limited Liability Company Agreement (American Skiing Co /Me)