Nonliquidating Distributions. To the extent legally permissible, the Management Committee shall cause the Company to distribute Available Cash to the Members quarterly, within 30 days after the end of each calendar quarter. In addition, the Company may make distributions of Available Cash at such times and in such amounts as the Management Committee shall determine. Except as provided in Sections 7.5(d)(i)(B) and 7.5(d)(ii)(B), all distributions made pursuant to this Section 8.1 shall be made among the Members in accordance with their Sharing Ratios at the time of distribution.
Appears in 2 contracts
Sources: Operating Agreement (Crown Energy Corp), Operating Agreement (Crown Energy Corp)