Special Rules Governing Distributions. Except as otherwise provided in this Agreement or in an Authorizing Resolution establishing a class of Investor Shares (i) any distributions of the Company not expressly payable to the holders of a class of Investor Shares shall be payable to the holders of the Common Shares, (ii) any distributions made to the holders of any class of Investor Shares as a group shall be divided pro rata among such holders based on their respective ownership of the Shares of such class, and (iii) no Member shall have any right to distributions except as may be authorized by the Manager.
Appears in 17 contracts
Sources: Limited Liability Company Agreement (Energea Portfolio 5 LATAM LP), Limited Liability Company Agreement (Nv Reit LLC), Limited Liability Company Agreement (Nv Reit LLC)
Special Rules Governing Distributions. Except as otherwise provided in this Agreement or in an Authorizing Resolution establishing a class of Investor Shares (i) any distributions of the Company not expressly payable to the holders of a class of Investor Shares shall be payable to the holders of the Common Shares, (ii) any distributions made to the holders of any class of Investor Shares as a group shall be divided pro rata among such holders based on their respective ownership of the Shares of such class, and (iii) no Member shall have any right to distributions except as may be authorized by the ManagerBoard.
Appears in 6 contracts
Sources: Limited Liability Company Agreement (Skid Row AHP LLC), Limited Liability Company Agreement (Skid Row AHP LLC), Limited Liability Company Agreement (preREO LLC)
Special Rules Governing Distributions. Except as otherwise provided in this Agreement or in an Authorizing Resolution establishing a class of Investor Shares (i) any distributions of the Company not expressly payable to the holders of a class of Investor Shares shall be payable to the holders of the Common Shares, (ii) any distributions made to the holders of any class of Investor Shares as a group shall be divided made pro rata among such holders based on their respective ownership of the Shares of such class, and (iii) no Member Partner shall have any right to distributions except as may be authorized by the ManagerGeneral Partner unless otherwise provided in an Authorizing Resolution.
Appears in 5 contracts
Sources: Limited Partnership Agreement (Energea Portfolio 5 LATAM LP), Limited Partnership Agreement (Energea Portfolio 4 USA LP), Limited Partnership Agreement (Energea Portfolio 3 Africa LP)
Special Rules Governing Distributions. Except as otherwise provided in this Agreement or in an Authorizing Resolution establishing a class series of Investor Shares (i) any distributions of the Company not expressly payable to the holders of a class series of Investor Shares shall be payable to the holders of the Common Shares, (ii) any distributions made to the holders of any class series of Investor Shares as a group shall be divided pro rata among such holders based on their respective ownership of the Shares of such classseries, and (iii) no Member shall have any right to distributions except as may be authorized by the Manager.
Appears in 4 contracts
Sources: Limited Liability Company Agreement (Concreit Fund I LLC), Limited Liability Company Agreement (Concreit Fund I LLC), Limited Liability Company Agreement (Money With Meaning Fund, LLC)
Special Rules Governing Distributions. Except as otherwise provided in this Agreement or in an Authorizing Resolution establishing a class series of Investor Shares (i) any distributions of the Company not expressly payable to the holders of a class a series of Investor Shares shall be payable to the holders of the Common Shares, (ii) any distributions made to the holders of any class series of Investor Shares as a group shall be divided pro rata among such holders based on their respective ownership of the Shares of such classseries, and (iii) no Member shall have any right to distributions except as may be authorized by the Manager.
Appears in 3 contracts
Sources: Limited Liability Company Agreement (Impact Housing REIT, LLC), Limited Liability Company Agreement (Impact Housing REIT, LLC), Limited Liability Company Agreement (Impact Housing REIT, LLC)
Special Rules Governing Distributions. At any time when Investor Shares are outstanding, distributions shall be made in accordance with the terms of the Authorizing Resolution(s) authorizing such Investor Shares. Except as otherwise provided in this Agreement or in an Authorizing Resolution establishing a class of Investor Shares (i) any distributions of the Company not expressly payable to the holders of a class of Investor Shares shall be payable to the holders of the Common Shares, (ii) any distributions made to the holders of any class of Investor Shares as a group shall be divided pro rata among such holders based on their respective ownership of the Shares of such class, and (iii) no Member shall have any right to distributions except as may be authorized by the Manager.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (DF Growth REIT II, LLC), Limited Liability Company Agreement (DF Growth REIT II, LLC)
Special Rules Governing Distributions. Except as otherwise provided in this Agreement or in an Authorizing Resolution establishing a class series of Investor Shares (i) any distributions of the Company not expressly payable to the holders of a class of Investor Shares shall be payable to the holders of the Common Shares, (ii) any distributions made to the holders of any class series of Investor Shares as a group shall be divided pro rata among such holders based on their respective ownership of the Shares of such classseries, and (iiiii) no Member shall have any right to distributions except as may be authorized by the Manager.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Property Income Trust LLC)