Excess Operating Expenses; Further Issuance of Interests; Operating Expenses Reimbursement Obligation(s). (a) If there are not sufficient cash reserves of, or revenues generated by, a Series to meet its Operating Expenses, the Managing Member may:
Appears in 27 contracts
Samples: Limited Liability Company Agreement (Collectable Sports Assets, LLC), Limited Liability Company Agreement (RSE Archive, LLC), Asset Management Agreement (Ark7 Properties Plus LLC)
Excess Operating Expenses; Further Issuance of Interests; Operating Expenses Reimbursement Obligation(s). (a) If there are not sufficient cash reserves of, or revenues generated by, a Series to meet its Operating Expenses, the Managing Member Manager may:
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Fundhomes 1, LLC), Limited Liability Company Agreement (Fundhomes I, LLC), Series Limited Liability Company Agreement (Emporium Realty Fund I, LLC)
Excess Operating Expenses; Further Issuance of Interests; Operating Expenses Reimbursement Obligation(s). (a) If a)If there are not sufficient cash reserves of, or revenues generated by, a Series to meet its Operating Expenses, the Managing Member may:
Appears in 1 contract
Samples: Property Management Agreement (Getaway Collection LLC)
Excess Operating Expenses; Further Issuance of Interests; Operating Expenses Reimbursement Obligation(s). (a) If there are not sufficient cash reserves of, or revenues generated by, a Series to meet its Operating Expenses, the Managing Member on behalf of the Company may:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Red Oak Capital Fund Series, LLC)
