Common use of Discretionary Distributions Clause in Contracts

Discretionary Distributions. (a) Subject to Sections 5.2(b), 5.3, 5.4, 5.5 and 9.2, available cash shall be distributed, at such times and in such amounts as the Board determines in its discretion, in the following order and priority;

Appears in 2 contracts

Samples: Limited Liability Company Agreement (American Commercial Lines LLC), Limited Liability Company Agreement (Acl Capital Corp)

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Discretionary Distributions. (a) Subject to Sections 5.2(b), 5.3, 5.4, 5.5 5.5, 6.2(f), 7.10 and 9.2, available cash shall be distributed, at such times and in such amounts as the Board determines in its discretion, in the following order and priority;:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Vertex Aerospace Inc)

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Discretionary Distributions. (a) Subject to Sections 5.2(b)6.03, 5.37.02, 5.4, 5.5 7.03 and 9.28.03, available cash shall be distributed, at such times and in such amounts as the Board determines in its discretion, in the following order and priority;:

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Nalco Holding CO)

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