Distributions of Net Cash Flow. Distributions of Net Cash Flow shall be made to the Sole Member by the Manager at such times and in such amounts as determined by the Manager, acting alone, provided such distributions are not prohibited by any agreement to which the Company is a party or the Act or other applicable law. The Manager shall not receive any distribution of Net Cash Flow.
Appears in 5 contracts
Samples: Limited Liability Company Operating Agreement (Greenpoint Mortgage Securities LLC), Limited Liability Company Agreement (Ikon Receivables Funding LLC), Liability Company Agreement (Ikon Receivables Funding LLC)
Distributions of Net Cash Flow. Distributions of Net ------------------------------ Cash Flow shall be made to the Sole Member by the Manager at such times and in such amounts as determined by the Manager, acting alone, provided such distributions are not prohibited by any agreement to which the Company is a party or the Act or other applicable law. The Manager shall not receive any distribution of Net Cash Flow.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Ikon Receivables Funding LLC), Limited Liability Company Agreement (Ikon Receivables LLC)
Distributions of Net Cash Flow. Distributions of Net Cash Flow shall be made to the Sole Member by the Manager at such times and in such amounts as determined by the Manager, acting alone, provided such distributions are not prohibited by any agreement to which the Company is a party or the Act or other applicable law. The Manager shall not receive any distribution of Net Cash FlowAct.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Copelco Capital Funding Corp Xi)
Distributions of Net Cash Flow. Distributions of Net Cash Flow shall be made to the Sole Member Members by the Manager at such times and in such amounts as determined by the Manager, acting alone, provided such distributions are not prohibited by any agreement to which the Company is a party or the Act or other applicable law. The Manager shall not receive any distribution of Net Cash FlowAct.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Copelco Capital Funding LLC 99-1)
Distributions of Net Cash Flow. Distributions of Net Cash Flow shall be made to the Sole Member by the Manager at such times and in such amounts as determined by the Manager, acting alone, provided such distributions are not prohibited by any agreement to which the Company is a party or the Act or other applicable lawAct. The Manager shall not receive any distribution of Net Cash Flow.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ikon Receivables LLC)
