Common use of Distribution in Cash Only Clause in Contracts

Distribution in Cash Only. No Venturer in his capacity as a Venturer shall have the right to demand or receive property other than cash (as and when provided herein) from the Venture for any reason whatsoever and no Venturer shall have the right to sue ▇▇▇ partition of the Venture or for the Venture's assets.

Appears in 1 contract

Sources: Joint Venture Agreement (Oriole Homes Corp)

Distribution in Cash Only. No Except as the Venturers may otherwise agree, no Venturer in his capacity as a Venturer shall have the right to demand or receive property other than cash (as and when provided herein) from the Venture for any reason whatsoever and no Venturer shall have the right to sue ▇▇▇ for partition of the Venture or for the Venture's assets.

Appears in 1 contract

Sources: Joint Venture Agreement (Transeastern Properties Inc)