Persons Receiving Distributions Clause Samples

Persons Receiving Distributions. Each Distribution shall be made to the Persons shown on the Company’s books and records as Unitholders as of the date of such Distribution; provided, however, that any transferor and transferee of Units may mutually agree as to which of them should receive payment of any Distribution under Section 4.1. In the event that restrictions on transfer or change in beneficial ownership of Units set forth herein or in the Securityholders Agreement have been breached, the Company may withhold distributions in respect of the affected Units until such breach has been cured.

Persons Receiving Distributions. Distributions will be made to the Persons shown on the Company’s books and records as Unitholders who are entitled to distributions as of the date of such distribution; provided, however, that any Transferor and Transferee of Units and/or other Equity Securities may mutually agree as to which of them should receive payment of any distribution under this Article IV. If any restrictions on Transfer or change in beneficial ownership of Units in this Agreement, any Management Equity Agreement or any other agreement between the Company and a Unitholder are breached, then the Company may withhold distributions in respect of the affected Units and/or other Equity Securities until such breach is cured.

Persons Receiving Distributions. Each Distribution in respect of any PEC, CPEC or Share shall be made to the Person shown on the Company’s books and records as the holder of such PEC, CPEC or Share as of the record date declared by the Board for such Distribution (or, if no record date was so declared, as of the date of such Distribution).

Persons Receiving Distributions. Notwithstanding anything to the contrary herein, each Distribution in respect of any Units shall be made by the Company, directly or through the Transfer Agent or through any other Person, only to the Record Holder of such Unit as of the record date set for such Distribution. Any Distribution in accordance with the foregoing shall constitute full payment and satisfaction of the Company’s liability in respect of such Distribution, regardless of any claim of any Person who may have an interest in such Distribution by reason of an assignment or otherwise. In the event that restrictions on Transfer or change in beneficial ownership of Units set forth herein have been breached, the Company may withhold Distributions in respect of the affected Units until such breach has been cured.

Persons Receiving Distributions. Each Distribution shall be made to the Persons shown on the Company's books and records as Unitholders as of the date of such Distribution; provided, however, that any transferor and transferee of Units may mutually agree as to which of them should receive payment of any Distribution under this Article IV. In the event that restrictions on transfer or change in beneficial ownership of Units set forth herein or in any applicable Employee Equity Agreement have been breached, the Company may withhold distributions in respect of the affected Units until such breach has been cured. Reserves Against Distributions. The Board shall have the right to withhold from Distributions payable to any Unitholder under this Agreement amounts sufficient to pay and discharge any reasonably anticipated contingent liabilities of the Company. Any amounts remaining after payment and discharge of any such contingent liabilities of the Company will be paid to the Unitholders form whom the Distributions were withheld.

Persons Receiving Distributions. Each Distribution shall be made to the Persons shown on the LLC's books and records as Unitholders as of the date of such Distribution; provided, however, that any transferor and transferee of Units may mutually agree as to which of them should receive payment of any Distribution under this Section 4.1; and, provided, further, that a Tax Distribution under Section 4.1(c) hereof may be made to any Person who was a Unitholder and held Units during all or part of a Fiscal Year and who will be allocated taxable income under this Article IV as a result of such ownership of Units, regardless of whether or not the Person is a Unitholder on the date of the Tax Distribution.

Persons Receiving Distributions. Each Distribution shall be made to the Persons shown on the Company’s books and records as Unitholders as of the date of such Distribution; provided, however, that any Transferor and Transferee of Units may mutually agree as to which of them should receive payment of any Distribution under this Article IV. In the event that restrictions on Transfer or change in beneficial ownership of Units set forth herein or in any applicable Transaction Document have been breached, the Company may withhold distributions in respect of the affected Units until such breach has been cured. Unless otherwise determined by the Board, no Distributions shall be made with respect to any unvested Class B Units at the time a Distribution with respect to Class B Units is made, and the holders thereof shall not be entitled to any such Distributions with respect to such unvested Class B Units.

Persons Receiving Distributions. Each Distribution shall be made ------------------------------- to the Persons shown on the Company's books and records as Unitholders as of the date of such Distribution, except as provided in Section 3.5(c). --------------