Common use of Discretion of Manager Clause in Contracts

Discretion of Manager. Subject to 15 Pa.C.S.A. § 8818(d), 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 2 contracts

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