Board of Managers Determination. The Board of Managers shall determine the timing and the aggregate amount of any Distributions to Members under Sections 5.1(c) and 5.1(e), and shall make the Distributions required by Sections 5.1(a), 5.1(b) and 5.1(d). The amount of any such Distributions to any Member at any time shall be determined in accordance with this Section 5.1.
Appears in 2 contracts
Sources: Limited Liability Company Operating Agreement (Wayfair Inc.), Limited Liability Company Operating Agreement (Wayfair Inc.)
Board of Managers Determination. The Except as specifically set forth in subsection (a) and (b) below, the Board of Managers shall in its discretion determine the timing and the aggregate amount of any Distributions to Members under Sections 5.1(c) and 5.1(e), and shall make the Distributions required by Sections 5.1(a), 5.1(b) and 5.1(d). The amount of any such Distributions to any Member at any time shall be determined in accordance with this Section 5.1.
Appears in 1 contract
Sources: Limited Liability Company Agreement (National Commerce Corp)