Common use of Form of Distribution Clause in Contracts

Form of Distribution. If an Interest Holder is entitled to receive a return of a Capital Contribution or any other distribution, the Company, upon approval of the Members, may distribute cash, notes, property, or a combination thereof to the Interest Holder.

Appears in 6 contracts

Sources: Operating Agreement (Advanced Na, LLC), Operating Agreement (Advanced Na, LLC), Operating Agreement (Advanced Na, LLC)

Form of Distribution. If an Interest Holder is entitled to receive a return of a Capital Contribution or any other distribution, the distribution must be made in cash; provided, however, that the Company, upon the approval of the MembersBoard of Directors, may distribute cash, notes, or property, or a combination thereof to the Interest Holder.

Appears in 1 contract

Sources: Company Agreement (Mack Cali Realty L P)

Form of Distribution. If an Interest Holder is entitled to receive a return of a Capital Contribution or any other distribution, the Company, upon approval at the discretion of the MembersBoard of Directors, may distribute cash, notes, property, property or a combination thereof to the Interest Holder.

Appears in 1 contract

Sources: Operating Agreement (Calton Inc)

Form of Distribution. If an Interest Holder is entitled to receive a return of a Capital Contribution or any other distribution, the Company, upon approval at the discretion of the MembersManagers, may distribute cash, notes, property, or a combination thereof to the Interest Holder, but no Interest Holder shall have the right to demand that distributions be made in any form other than cash.

Appears in 1 contract

Sources: Operating Agreement (Prime Hospitality Corp)

Form of Distribution. If an Interest Holder is entitled to receive a return of a Capital Contribution or any other distributionDistribution, the Company, upon approval of the Members, Company may distribute cash, notes, property, property or a combination thereof to the Interest Holder.

Appears in 1 contract

Sources: Operating Agreement (Texas Unwired)