Discretionary Distributions. 1. The Manager may cause the Company to distribute cash or Securities or other Company assets from time to time in its sole discretion. Distributions pursuant to this paragraph 7.5(a) shall be made first to all Members in accordance with their respective Ownership Percentages (solely as an interim step i n calculating final distributions pursuant to the following provisions of this paragraph 7.5(a)) and then shall be further divided between each Member on the one hand and the Manager on the other hand as follows:
Appears in 4 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Discretionary Distributions. 1. The Manager may cause the Company to distribute cash or Securities or other Company assets from time to time in its sole discretion. Distributions pursuant to this paragraph 7.5(a) shall be made first to all Members in accordance with their respective Ownership Percentages (solely as an interim step i n calculating final final distributions pursuant to the following provisions of this paragraph 7.5(a)) and then shall be further divided between each Member on the one hand and the Manager on the other hand as follows:
Appears in 4 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Discretionary Distributions. 1. The T h e Manager may cause the Company to distribute cash or Securities or o r other Company assets from time to time in its sole discretion. Distributions pursuant to this paragraph 7.5(a) shall be made first to all Members in accordance with their respective Ownership Percentages (solely as an interim step i n calculating final distributions pursuant to the following provisions of this paragraph 7.5(a)) and then shall be further divided between each Member on the one hand and the Manager on the other hand as follows:
Appears in 3 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
