Common use of Requirement of Distributions; Distributions to Record Holders Clause in Contracts

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.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Vanguard Natural Resources, LLC)

AutoNDA by SimpleDocs

Requirement of Distributions; Distributions to Record Holders. (a) Subject to Except as provided in Section 14.3 and Section 15.3 of this Agreement6.3(b), within 90 50 days following the end of each Quarter commencing with the first Quarter ending after the Initial Public Offeringon September 30, 2006, an amount equal to 100% of Available Cash with respect to such Quarter shall, subject to Section 18-607 of the Delaware ActAct and except as otherwise required by Section 5.5(b) in respect of other Company Securities issued pursuant thereto, be distributed in accordance with this Article VI by the Company to the Members Record Holders in accordance with their respective Percentage Interests 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)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.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Valero Gp Holdings LLC)

Requirement of Distributions; Distributions to Record Holders. (a) Subject to Section 14.3 14.3, Section 15.3, and Section 15.3 16.3 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.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Vanguard Natural Resources, LLC)

AutoNDA by SimpleDocs

Requirement of Distributions; Distributions to Record Holders. (ak) 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.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Vanguard Natural Resources, LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.