Common use of Current Distribution Clause in Contracts

Current Distribution. All Available Cash allocated under Section 5.1.2 to any Member or any holder of a CS Warrant shall be distributed to such Member or such holder within two (2) Business Days of the receipt by the Company of such cash. All assets other than Available Cash allocated under Section 5.1.3 (a) to any Member or any holder of a CS Warrant shall be distributed to such Member or such holder as soon as reasonably practicable. (b) Set Aside in CS Warrant Account. The portion of each non-cash asset allocated pursuant to Section 5.1.3

Appears in 1 contract

Sources: Limited Liability Company Agreement (Jumpking Inc)

Current Distribution. All Available Cash allocated under Section 5.1.2 to any Member or any holder of a CS CSFB Warrant shall be distributed to such Member or such holder within two (2) Business Days of the receipt by the Company of such cash. All assets other than Available Cash allocated under Section 5.1.3 (a) to any Member or any holder of a CS CSFB Warrant shall be distributed to such Member or such holder as soon as reasonably practicable. (b) Set Aside in CS Warrant AccountSET ASIDE IN CSFB WARRANT ACCOUNT. The portion of each non-cash asset allocated pursuant to Section 5.1.3

Appears in 1 contract

Sources: Limited Liability Company Agreement (510152 N B LTD)