Common use of Special Ormat Distribution Clause in Contracts

Special Ormat Distribution. Notwithstanding anything in the agreement to the contrary, all distributions following the Closing shall be made to Ormat, until Ormat has received $1 million, and thereafter, all distributions shall be made in accordance with this Article 6.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Ormat Technologies, Inc.), Agreement for Purchase of Membership Interests (Ormat Technologies, Inc.)