ORDINARY COURSE DISTRIBUTIONS. (a) The Board of Managers shall cause the Company to distribute to the Common Members, out of funds legally available for distribution, pro rata in accordance with their Common Units and not later than 90 days following the end of each Fiscal Year, an aggregate amount determined by a Majority in Interest of the Common Members, not to exceed $400 million, for each such Fiscal Year.
Appears in 4 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement
ORDINARY COURSE DISTRIBUTIONS. (a) The Board of Managers shall cause the Company to distribute to the Common Members, out of funds legally available for distribution, pro rata in accordance with their Common Units and not later than 90 days following the end of each Fiscal Year, an aggregate amount determined by a Majority in Interest of the Common Members, not to exceed $400 200 million, for each such Fiscal Year.
Appears in 4 contracts
Samples: Limited Liability Company, Limited Liability Company Agreement, Limited Liability Company Agreement
ORDINARY COURSE DISTRIBUTIONS. (a) The Board of Managers shall cause the Company to distribute to the Common Members, out of funds legally available for distribution, pro pro-rata in accordance with their Common Units and not later than 90 days following the end of each Fiscal Year, an aggregate amount determined by a Majority in Interest of the Common Members, not to exceed $400 million, for each such Fiscal Year.
Appears in 3 contracts
Samples: Purchase Agreement, Purchase Agreement, Purchase Agreement (American International Group Inc)
ORDINARY COURSE DISTRIBUTIONS. (a) The Board of Managers shall cause the Company to distribute to the Common Members, out of funds legally available for distribution, pro pro-rata in accordance with their Common Units and not later than 90 days following the end of each Fiscal Year, an aggregate amount determined by a Majority in Interest of the Common Members, not to exceed $400 200 million, for each such Fiscal Year.
Appears in 2 contracts
Samples: Purchase Agreement, Limited Liability Company Agreement (American International Group Inc)
