In-Kind Distribution. Subject to Section 10.06, assets of the Company (other than cash) shall not be distributed in kind to the Members without approval of the Co-Managing Member. In the event of any distribution of real property in kind, each Member hereby waives any right of partition in respect thereof.
Appears in 2 contracts
Samples: Management Agreement, Limited Liability Company Agreement (KBS Strategic Opportunity REIT, Inc.)
In-Kind Distribution. Subject to Section 10.06, assets of the Company (other than cash) shall not be distributed in kind to the Members without approval of the Co-Managing Member. In the event of any distribution of real property in kind, each Member hereby waives any right of partition in respect thereof.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (KBS Strategic Opportunity REIT II, Inc.), Limited Liability Company Agreement (KBS Strategic Opportunity REIT II, Inc.)
In-Kind Distribution. Subject to Section 10.06, assets of the Company (other than cash) shall not be distributed in kind to the Members without approval of the Co-Managing Memberboth Members. In the event of any distribution of real property in kind, each Member hereby waives any right of partition in respect thereof.
Appears in 1 contract
Samples: Limited Liability Company Agreement (KBS Strategic Opportunity REIT II, Inc.)
In-Kind Distribution. Subject to Section 10.06, assets Assets of the Company (other than cash) shall not be distributed in kind to the Members without the prior approval of the Co-Managing MemberMembers. In the event of any distribution of real property in kind, each Member hereby waives any right of partition in respect thereof.. 5.04
Appears in 1 contract
Samples: Limited Liability Company Agreement (Pacific Oak Strategic Opportunity REIT, Inc.)
In-Kind Distribution. Subject to Section 10.06, assets Assets of the Company (other than cash) shall not be distributed in kind to the Members without the prior approval of the Co-Managing MemberMembers. In the event of any distribution of real property in kind, each Member hereby waives any right of partition in respect thereof.
Appears in 1 contract
Samples: Rental Agency Agreement (KBS Strategic Opportunity REIT, Inc.)
In-Kind Distribution. Subject to Section 10.06, assets of the Company (other than cash) shall not be distributed in kind to the Members without approval of the Co-Managing Member. In the event of any distribution of real property in kind, each Member hereby waives any right of partition in respect thereof.. SMRH:479330698.9
Appears in 1 contract
Samples: Limited Liability Company Agreement (KBS Strategic Opportunity REIT II, Inc.)
In-Kind Distribution. Subject to Section 10.06, assets Assets of the Company (other than cash) shall not be distributed in kind to the Members without the prior approval of the Co-Managing MemberMembers. In the event of any distribution of real property in kind, each Member hereby waives any right of partition in respect thereof.. ARTICLE VI
Appears in 1 contract
Samples: Limited Liability Company Agreement
