Other Distribution Rules. Subject to the provisions of Section 3.3, distributions in respect of an LLC Interest shall be made only to the Person or Persons that, according to the Company’s books and records, are the holders of record of the LLC Interests in respect of which such distributions are made on the actual date of distribution. Neither the Company nor the Manager shall incur any liability for making distributions in accordance with the provisions of the preceding sentence, whether or not the Company or the Manager has knowledge or notice of any Transfer or purported Transfer of ownership of any LLC Interest.
Other Distribution Rules. A. For purposes of Sections 4.2, 4.3 and 4.4:
Other Distribution Rules. Except as provided in Section 4.5 below, (a) no Member will have the right to demand and receive property other than cash in payment for its share of any distribution and (b) distribution of non-cash property may be made with the consent of both Members. The preceding sentence expressly overrides the contrary provisions of DLLCA § 18—605 as to non-cash distributions.
Other Distribution Rules. Distributions shall be made to those Partners holding the applicable Interest on the applicable distribution date.
Other Distribution Rules. Subject to the proviso in Section 11.3(d) and the flush language in Section 11.3 (which applies upon a dissolution of the Company), no Member shall have the right to demand and receive property other than cash in payment for its share of any distribution. Distribution of non-cash property may be made with the consent of both Members. The preceding sentence expressly overrides the contrary provisions of DLLCA § 18–605 as to non-cash distributions.
Other Distribution Rules. All distributions of property in kind shall be made as Available Cash under and in accordance with Section 6.4 and/or Section 8.3, as applicable. Property distributed in kind shall be unencumbered and, for purposes of determining Available Cash, shall be treated as cash in an amount equal to its In-Kind Value. Except as explicitly provided under this Agreement or as otherwise required under the LLC Act, no Member shall be entitled to distributions of property other than cash.
Other Distribution Rules. (i) Within thirty-five (35) days after the end of each calendar quarter during the term of this Agreement, the Company shall, subject to compliance with NASD rules, distribute to the Unit Holders all Net Available Cash in excess of the greater of (a) $500,000, or (b) the minimum net capital requirements of the Company as determined by the Manager, in his discretion, applying the rules and regulations of NASD.
Other Distribution Rules
