ORDINARY COURSE DISTRIBUTIONS. Subject to the other provisions of this Agreement, including Section 4.3 and Section 9, and Section 5 of the License Agreement, prior to the dissolution of the Company, the Company shall distribute cash or assets to the Members in such amounts, at such times and as of such record dates as the Managing Board determines, as long as such distributions are in accordance with the Members’ respective Percentage Interests.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Isis Pharmaceuticals Inc), Limited Liability Company Agreement (Alnylam Pharmaceuticals, Inc.)