In-Kind Distribution. Assets of the Company (other than cash) shall not be distributed in kind to the Members without the prior approval of the Members. In the event of any distribution of real property in kind, each Member hereby waives any right of partition in respect thereof.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Pacific Oak Strategic Opportunity REIT, Inc.), Limited Liability Company Agreement (KBS Strategic Opportunity REIT, Inc.)
In-Kind Distribution. Assets Subject to Section 10.06, assets of the Company (other than cash) shall not be distributed in kind to the Members without the prior approval of the MembersCo-Managing Member. In the event of any distribution of real property in kind, each Member hereby waives any right of partition in respect thereof.
Appears in 2 contracts
Sources: Limited Liability Company Agreement, Limited Liability Company Agreement (KBS Strategic Opportunity REIT, Inc.)
In-Kind Distribution. Assets Subject to Section 10.06, assets of the Company (other than cash) shall not be distributed in kind to the Members without the prior approval of the MembersManaging Member. In the event of any distribution of real property in kind, each Member hereby waives any right of partition in respect thereof.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (KBS Strategic Opportunity REIT II, Inc.), Limited Liability Company Agreement (KBS Strategic Opportunity REIT II, Inc.)
In-Kind Distribution. Assets Subject to Section 10.06, assets of the Company (other than cash) shall not be distributed in kind to the Members without the prior approval of the MembersCo-Managing Member. In the event of any distribution of real property in kind, each Member hereby waives any right of partition in respect thereof.. SMRH:479330698.9
Appears in 1 contract
Sources: Limited Liability Company Agreement (KBS Strategic Opportunity REIT II, Inc.)
In-Kind Distribution. Assets Subject to Section 10.06, assets of the Company (other than cash) shall not be distributed in kind to the Members without the prior approval of the both Members. In the event of any distribution of real property in kind, each Member hereby waives any right of partition in respect thereof.
Appears in 1 contract
Sources: Limited Liability Company Agreement (KBS Strategic Opportunity REIT II, Inc.)
In-Kind Distribution. Assets of the Company (other than cash) shall not be distributed in kind to the Members without the prior approval of the Members. In the event of any distribution of real property in kind, each Member hereby waives any right of partition in respect thereof.. ARTICLE VI
Appears in 1 contract
Sources: Limited Liability Company Agreement