6
Shared Docs
6
Same-Page
6 / 6
Mentions
oceeds from the sale of any Artwork, the Manager shall cause the Company to distribute such available Cash Flow: (a) first, to those Members with Unreturned Capital Contributions, pro rata in proportion to the amount of such Unreturned Capital Contributions, until the amount of each Member's Unretumed Capital Contributions h
s so as to take account of any variation between the adjusted basis of such property to the Company for federal income tax purposes and Its initial Gross Asset Value, including, but not limited to, special allocations to a contributing Member that are required under Code Section 704(c) to be made upon distributi
oceeds from the sale of any Artwork, the Manager shall cause the Company to distribute such available Cash Flow: (a) first, to those Members with Unreturned Capital Contributions, pro rata in proportion to the amount of such Unreturned Capital Contributions, until the amount of each Member's Unretumed Capital Contributions h
s so as to take account of any variation between the adjusted basis of such property to the Company for federal income tax purposes and Its initial Gross Asset Value, including, but not limited to, special allocations to a contributing Member that are required under Code Section 704(c) to be made upon distributi
oceeds from the sale of any Artwork, the Manager shall cause the Company to distribute such available Cash Flow: (a) first, to those Members with Unreturned Capital Contributions, pro rata in proportion to the amount of such Unreturned Capital Contributions, until the amount of each Member's Unretumed Capital Contributions h
s so as to take account of any variation between the adjusted basis of such property to the Company for federal income tax purposes and Its initial Gross Asset Value, including, but not limited to, special allocations to a contributing Member that are required under Code Section 704(c) to be made upon distributi
oceeds from the sale of any Artwork, the Manager shall cause the Company to distribute such available Cash Flow: (a) first, to those Members with Unreturned Capital Contributions, pro rata in proportion to the amount of such Unreturned Capital Contributions, until the amount of each Member's Unretumed Capital Contributions h
s so as to take account of any variation between the adjusted basis of such property to the Company for federal income tax purposes and Its initial Gross Asset Value, including, but not limited to, special allocations to a contributing Member that are required under Code Section 704(c) to be made upon distributi
oceeds from the sale of any Artwork, the Manager shall cause the Company to distribute such available Cash Flow: (a) first, to those Members with Unreturned Capital Contributions, pro rata in proportion to the amount of such Unreturned Capital Contributions, until the amount of each Member's Unretumed Capital Contributions h
s so as to take account of any variation between the adjusted basis of such property to the Company for federal income tax purposes and Its initial Gross Asset Value, including, but not limited to, special allocations to a contributing Member that are required under Code Section 704(c) to be made upon distributi
oceeds from the sale of any Artwork, the Manager shall cause the Company to distribute such available Cash Flow: (a) first, to those Members with Unreturned Capital Contributions, pro rata in proportion to the amount of such Unreturned Capital Contributions, until the amount of each Member's Unretumed Capital Contributions h
s so as to take account of any variation between the adjusted basis of such property to the Company for federal income tax purposes and Its initial Gross Asset Value, including, but not limited to, special allocations to a contributing Member that are required under Code Section 704(c) to be made upon distributi
Entities connected to both Unreturned Capital Contributions and Gross Asset Value