Common use of Distributions of Available Cash Clause in Contracts

Distributions of Available Cash. Except as otherwise provided in this Article VII, Available Cash shall be distributed to the Members in accordance with their respective Percentage Interests. No cash distributions will be made that will impair the ability of the Company to pay its just debts as they mature. Except as otherwise provided herein, there will be no obligation by the Company to return to the Members, or to any one of them, any part of their Capital Contributions to the Company, for so long as the Company continues in existence.

Appears in 4 contracts

Samples: Operating Agreement (Viking Energy Group, Inc.), Operating Agreement (Nobilis Health Corp.), Operating Agreement (Viking Energy Group, Inc.)

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Distributions of Available Cash. Except as otherwise provided in this Article VII, Available Cash shall be distributed to the Members in accordance with their respective Percentage Interests. No cash distributions will be made that which will impair the ability of the Company to pay its just debts as they mature. Except as otherwise provided herein, there will be no obligation by the Company to return to the Members, or to any one of them, any part of their Capital Contributions to the Company, for so long as the Company continues in existence.

Appears in 1 contract

Samples: Company Agreement (Northstar Healthcare Inc)

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