Common use of Distributions of the Company Clause in Contracts

Distributions of the Company. Distributable Cash shall be distributed solely to the Managing Member. All such distributions shall be made only to the Person who, according to the books and records of the Company, is the holder of record of the Managing Membership Interest in respect of which such distributions are made on the actual date of distribution. Notwithstanding any provision to the contrary contained in this LLC Agreement, the Company shall not make a distribution which would violate the Act or other applicable law. Neither the Company nor the Managing Member shall incur any liability for making distributions in good faith in accordance with Section 2.6 and this Section 6.2.

Distributions of the Company. Distributable Cash shall be distributed solely to the Managing MemberMember upon demand of the Member but not less frequently than monthly. All such distributions shall be made only to the Person who, according to the books and records of the Company, is the holder of record of the Managing Membership Interest in respect of which such distributions are made on the actual date of distribution. Notwithstanding any provision to the contrary contained in this LLC Agreement, the Company shall not make a distribution which would violate the Act or other applicable law. Neither Except as required by the Act, neither the Company nor the Managing Member shall incur any liability for making distributions in good faith in accordance with Section 2.6 and this Section 6.2.

Distributions of the Company. Distributable Cash shall be distributed solely to the Managing Member. All such distributions shall be made only to the Person who, according to the books and records of the Company, is the holder of record of the Managing Membership Interest in respect of which such distributions are made on the actual date of distribution. Notwithstanding any provision to the contrary contained in this LLC Agreement, the Company shall not make a distribution which would violate the Act or other applicable law. Neither the Company nor the Managing Member shall incur any liability for making distributions in good faith in accordance with Section 2.6 and this Section 6.2.