Common use of Discretion of Manager Clause in Contracts

Discretion of Manager. Prior to the liquidation and winding up of the Company, if the Manager determines, notwithstanding Section 5.2.1, that the Company should make a distribution, the Company shall pay a distribution in such amount as the Manager determines, to the Members, in proportion to their Percentage Interests.

Appears in 3 contracts

Sources: Operating Agreement, Operating Agreement, Limited Liability Company Operating Agreement