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 LLC. Any amounts remaining after payment and discharge of any such contingent liabilities of the LLC will be paid to the Unitholders from whom the Distributions were withheld.
Reserves Against Distributions. 85 ARTICLE XIV VALUATION 14.1. Determination ......................................................................................................... 86 14.2. Fair Market Value ................................................................................................. 86 ARTICLE XV GENERAL PROVISIONS 15.1.
Reserves Against Distributions. The Board shall have the right to withhold, pro rata based on ownership of Units of all Unitholders receiving the Distribution, 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 from whom the Distributions were withheld.
Reserves Against Distributions. The Company may, in the Board’s discretion, withhold from distributions payable to any Unitholder under this Agreement amounts sufficient to pay and discharge any reasonably anticipated contingent liabilities of the Company. Once such contingent liabilities are paid and/or discharged, any remaining amounts withheld will be paid to the Unitholder from whom the distribution was withheld.
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 (as and when determined by the Board) any reasonably anticipated contingent liabilities of the Company, including in connection with any transaction expenses, litigation costs, earnout payments, purchase price adjustments, indemnification or other similar obligations of the Company or any of its Subsidiaries arising from or related to a Sale of the Company. Any amounts remaining after payment and discharge of any such contingent liabilities of the Company will be paid to the Unitholders from whom the Distributions were withheld.
