Common use of Other Distribution Rules Clause in Contracts

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. Except as provided in Section 4.5 below, (a) no 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 distribution. Distribution of non-cash property may be made with the consent of both all Members. The preceding sentence expressly overrides the contrary provisions of DLLCA § 18—605 18–605 as to non-cash distributions.