Common use of Distributions to Record Holders Clause in Contracts

Distributions to Record Holders. (a) Subject to the applicable provisions of the Delaware Act and except as otherwise provided herein, the Manager may, in its sole discretion, at any time and from time to time, declare, make and pay distributions of cash or other assets of the Company to the Members. Subject to the terms of any Share Designation (including, without limitation, the preferential rights, if any, of holders of any other class of Shares of the Company) and of

Distributions to Record Holders. (a) Subject to the applicable provisions of the Delaware Act and except as otherwise provided hereinthe terms of any Share Designation, the Manager Board of Directors may, in its sole discretion, at any time and from time to time, declare, make and pay distributions of cash or other assets of the Company to the Members. Subject to the terms of any Share Designation (including, without limitation, the preferential rights, if any, of holders of any other class of Shares of the Company) and of.

Distributions to Record Holders. (a) Subject to the applicable provisions of the Delaware Act and except as otherwise provided hereinAct, the Manager Board of Directors may, in its sole and absolute discretion, at any time and from time to time, declare, make and pay distributions of cash or other assets of the Company to the Members. Subject to the terms of any Share Designation (includingDesignation, without limitation, the preferential rights, if any, of holders of any other class of Shares distributions shall be paid to Members in accordance with their respective Percentage Interests as of the Company) and ofRecord Date selected by the Board of Directors.

Distributions to Record Holders. (a) Subject to the applicable provisions of the Delaware Act and except as otherwise provided hereinthe terms of any Share Designation, the Manager may, in its sole discretion, at any time and from time to time, declare, make and pay distributions of cash or other assets of the Company may be paid to the Members. Subject to the terms of any Share Designation (including, without limitation, the preferential rights, if any, of holders of any other class of Shares Shareholders out of the Company) ’s assets legally available therefor only when, as and ofif determined by the Board of Directors.