Common use of Record Date for Distributions Clause in Contracts

Record Date for Distributions. Unless the Members specify a prospective date, the record date for determining the identity of the Members entitled to receive payment of any distribution shall be the date on which the Members declare such distribution.

Record Date for Distributions. Unless the Members specify a prospective date, the The record date for determining the identity of the Members entitled to receive payment of any distribution shall be the date on which the Members declare resolution declaring such distributiondistribution is adopted.

Record Date for Distributions. Unless the Members specify a prospective date, the The record date for determining the identity of the Members entitled to receive payment of any distribution distributions shall be the date on which the Members declare resolution declaring such distributiondistribution is adopted.