Requirement of Distributions; Distributions to Record Holders. (a) Within 45 days following the end of each Quarter commencing with the Quarter ending on March 31, 2006, an amount equal to 100% of Available Cash with respect to such Quarter shall, subject to Section 18-607 of the Delaware Act, be distributed in accordance with this Article VI by the Company to the Members as of the Record Date selected by the Board of Directors. All distributions required to be made under this Agreement shall be made subject to Sections 18-607 and 18-804 of the Delaware Act.
Requirement of Distributions; Distributions to Record Holders. (a) Subject to Section 14.3 and Section 15.3 of this Agreement, within 90 days following the end of each Quarter commencing with the first Quarter ending after the Initial Public Offering, an amount equal to 100% of Available Cash with respect to such Quarter shall, subject to Section 18-607 of the Delaware Act, be distributed in accordance with this Article VI by the Company to the Members as of the Record Date selected by the Board of Directors for such distribution (or by an Officer designated by our Board of Directors to select the Record Date for such distribution). All distributions required to be made under this Agreement shall be made subject to Sections 18-607 and 18-804 of the Delaware Act.
Requirement of Distributions; Distributions to Record Holders. (a) The Board of Directors may, in its sole and absolute discretion and at any time, and from time to time, declare and pay in accordance with the Delaware Act distributions with respect to the Shares to the Members, as of any Record Date established by the Board of Directors with respect to such distributions, from the available cash or net profits arising from the business of the Company, as and when it deems appropriate. With respect to the Class A Common Shares and the Class B Common Share, any such distribution shall be allocated in accordance with Section 5.2(b).
Requirement of Distributions; Distributions to Record Holders. (a) Subject to Section 6.3(b), within 45 days following the end of each Quarter commencing with the Quarter ending December 31, 2011, an amount equal to 100% of Available Cash with respect to such Quarter shall be distributed in accordance with this Article VI by the Partnership to the Partners in accordance with their Percentage Interest as of the Record Date selected by the General Partner. Notwithstanding any provision to the contrary contained in this Agreement, the Partnership shall not be required to make a distribution to any Partner on account 38 of its interest in the Partnership if such distribution would violate the Delaware Act or any other applicable law.
Requirement of Distributions; Distributions to Record Holders. (a) Subject to Section 5.10 and after making the distributions required by Section 5.10(b)(ii) and beginning with the first Quarter ending on March 31, 2011, within 45 days following the end of each Quarter, an amount equal to 100% of Available Cash with respect to such Quarter shall, subject to Section 17-607 of the Delaware Act, be distributed in accordance with this Article VI by the Partnership to the holders of Common Units based upon their Percentage Interests as of the Record Date selected by the General Partner in accordance with each Limited Partner’s Percentage Interest; provided, however, that Common Units – Class A (i) issued upon conversion of Waiver Units, (ii) issued and Outstanding (or deemed issued and outstanding or held by a Record Holder) during such Quarter, (iii) entitled to a distribution with respect to such Quarter, and (iv) Outstanding for less than the entire Quarter, shall be entitled only to a pro rata distribution based on the number of days in such Quarter during which such Unit was (or was deemed) Outstanding. Notwithstanding any provision to the contrary contained in this Agreement, the Partnership shall not make any distributions to any Partner on account of its interest in the Partnership if such distribution would violate the Delaware Act. With respect to the Quarter ending on December 31, 2010, distributions shall be made as provided in this Agreement but assuming that no Waiver Units or Common Units – Class B are or were Outstanding during such Quarter or on the Record Date selected by the General Partner for such distribution, such that only the Common Units – Class A shall be entitled to any distributions for the Quarter ending December 31, 2010.
Requirement of Distributions; Distributions to Record Holders. (a) Subject to Section 16.3, Available Cash with respect to any Quarter or Month may, subject to Section 17-607 of the Delaware Act, be distributed in accordance with this Article VI by the Partnership to the Partners as of the Record Date selected by the General Partner. All distributions required to be made under this Agreement shall be made in the discretion of the General Partner, subject to Section 17-607 of the Delaware Act.
Requirement of Distributions; Distributions to Record Holders. Within five Business Days following the receipt by the Company of any distribution from Linn Energy in respect of the Linn Units held by the Company, an amount equal to 100% of such distribution, net of reserves for income taxes payable by the Company as determined by the Board of Directors in its sole discretion shall be distributed by the Company Pro Rata to the Common Shareholders as of the Record Date selected by the Board of Directors. To the extent that the Company receives any distribution from Linn Energy in respect of the Linn Units held by the Company in a form other than cash, the Company shall sell a portion of such distribution sufficient to reserve for income taxes payable by the Company determined by the Board of Directors in its sole discretion, and distribute the balance of such distribution Pro Rata to the Common Shareholders as of the Record Date selected by the Board of Directors. If the Company receives a distribution on the Linn Units in the form of additional Linn Units, the Company will make a distribution of an equal number of Common Shares to the Common Shareholders such that, immediately following such distributions, the number of Common Units outstanding is equal to the number of Linn Units held by the Company. All distributions required to be made under this Agreement shall be made subject to Sections 18-607 and 18-804 of the Delaware Act.
Requirement of Distributions; Distributions to Record Holders. Within five Business Days following the receipt by the Company of any distribution from Linn Energy in respect of the Linn Units held by the Company, an amount equal to 100% of such distribution, net of reserves for income taxes payable by the Company as determined by the Board of Directors shall be distributed by the Company Pro Rata to the Common Shareholders as of the Record Date selected by the Board of Directors. To the extent that the Company receives any distribution from Linn Energy in respect of the Linn Units held by the Company in a form other than cash, the Company shall sell a portion of such distribution sufficient to reserve for income taxes payable by the Company as determined by the Board of Directors in its sole discretion, and distribute the balance of such distribution Pro Rata to the Common Shareholders as of the Record Date selected by the Board of Directors. If the Company receives a distribution on the Linn Units in the form of additional Linn Units, the Company will make a distribution of an equal number of Common Shares (less an amount equal to the number of Linn Units sold by the Company to reserve for income taxes payable by the Company as determined by the Board of Directors) to the Common Shareholders such that, immediately following such distributions, the number of Common Units outstanding is equal to the number of Linn Units held by the Company. All distributions required to be made under this Agreement shall be made subject to Sections 18-607 and 18-804 of the Delaware Act.
Requirement of Distributions; Distributions to Record Holders. 45 Section 6.4 Distributions of Available Cash 45 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Board of Directors 46 Section 7.2 Certificate of Formation 50 Section 7.3 Restrictions on the Board of Directors' Authority 50 Section 7.4 Officers 51 Section 7.5 Outside Activities 53 Section 7.6 Loans or Contributions from the Company or Group Members 54 Section 7.7 Indemnification 54
Requirement of Distributions; Distributions to Record Holders. (a) Except as described in Section 6.3(b), within 50 days following the end of each Distribution Period (or if such 50th day is not a Business Day, then the Business Day immediately following such 50th day) commencing with the Distribution Period ending on March 31, 2015, an amount equal to 100% of Available Cash with respect to such Distribution Period shall, subject to Section 18-607 of the Delaware Act, be distributed in accordance with this Article VI by the Company to the Members in accordance with their respective Percentage Interests as of the Record Date selected by the Board of Directors. All distributions required to be made under this Agreement shall be made subject to Section 18-607 and 18-804 of the Delaware Act.
