Form of Distribution. The Managing Member has no right to demand and receive any distribution from the Company in any form other than money. Except upon a dissolution and winding-up of the Company, the Managing Member may not be compelled to accept from the Company a distribution of any asset in kind.
Appears in 8 contracts
Sources: Limited Liability Company Agreement (BMW Fs Securities LLC), Limited Liability Company Agreement (Financial Services Vehicle Trust), Limited Liability Company Agreement (BMW Fs Securities LLC)