Common use of Holders of Record Clause in Contracts

Holders of Record. All such distributions shall be made only to the Persons who, according to the books and records of the Company, are the holders of record of the Economic Interests in respect of which such distributions are made on the actual date of distribution. Subject to Section 6.7, neither the Company nor the Manager shall incur any liability for making distributions in accordance with this Section 6.5.

Appears in 1 contract

Sources: Operating Agreement (Panera Bread Co)

Holders of Record. All such distributions shall be made only to the Persons who, according to the books and records of the Company, are the holders of record of the Economic Interests in respect of which such distributions are made on the actual date of distribution. Subject to Section 6.7, neither the Company nor the Manager Controlling Member shall incur any liability for making distributions in accordance with this Section 6.5.

Appears in 1 contract

Sources: Operating Agreement (Panera Bread Co)

Holders of Record. All Notwithstanding anything to the contrary in Section 6.5A or 6.5B, all such distributions shall be made only to the Persons who, according to the books and records of the Company, are the holders of record of the Economic Interests in respect of which such distributions are made on the actual date of distribution. Subject to Section 6.7, neither Neither the Company nor the Manager Committee Members shall incur any liability for making distributions in accordance with this Section 6.56.

Appears in 1 contract

Sources: Operating Agreement (United Leisure Corp)