Interim Distributions. Distributions upon the Shares of the Company may be declared by the Director/Managers at any regular or special meeting, in such allocations as may be determined by the Director/Managers. Distributions may be paid in cash, in property or in Shares of the Company.
Appears in 5 contracts
Samples: Operating Agreement (Tidewater Marine Fleet, L.L.C.), Operating Agreement (Tidewater Marine Fleet, L.L.C.), Operating Agreement (Tidewater Marine Fleet, L.L.C.)
Interim Distributions. Distributions upon the Shares of the Company may be declared by the Director/Managers at any ally regular or special meeting, in such allocations as may be determined by the Director/Managers. Distributions may be paid in cash, in property or in Shares of the Company.
Appears in 1 contract
Samples: Operating Agreement (Tidewater Marine Fleet, L.L.C.)
