Distribution Rules. (i) All distributions pursuant to Section 9.1 hereof shall be at such times and in such amounts as shall be determined by the Board; provided, however, that the Board shall use its best efforts to cause the Company to distribute to the Unit Holders an amount of Net Cash Flow as shall be sufficient to enable the Unit Holders to fund their federal and state income tax liabilities attributable to their respective distributive shares of the taxable income of the Company.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Wells Fargo Student Loans Receivables I LLC), Limited Liability Company Agreement (Wells Fargo Student Loans Receivables I LLC), Limited Liability Company Agreement (Wells Fargo Student Loans Receivables I LLC)
Distribution Rules. (i) All distributions pursuant to Section 9.1 hereof shall be at such times and in such amounts as shall be determined by the BoardManaging Member; provided, however, that the Board Managing Member shall use its best efforts to cause the Company to distribute to the Unit Holders Members an amount of Net Cash Flow as shall be sufficient to enable the Unit Holders Members to fund their federal and state income tax liabilities attributable to their respective distributive shares of the taxable income of the Company.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Frontier Communications Corp), Limited Liability Company Agreement (New Gaming Capital Partnership), American Medical Providers Inc
