LLC Record Date definition

LLC Record Date means the record date established by the Managing Member for the distribution of Available Cash pursuant to Section 5.1 hereof, which record date shall be the same as the record date established by the Managing Member for a dividend to holders of REIT Shares.
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LLC Record Date means the record date for the actual distribution of cash pursuant to Section 5.1 hereof, which record date shall be the date five (5) days prior to each LLC Distribution Date. "LLC Unit" means a single Membership Interest issued pursuant to Section 4.1 hereof, as the same may be modified from time to time as provided in this Agreement. The ownership of an LLC Unit may (but need not, in the sole and absolute discretion of the Managing Member) be evidenced in the form of a certificate.
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Examples of LLC Record Date in a sentence

  • All distributions of Available Cash with respect to which the LLC Record Date is before the date of such admission shall be made solely to Members and Assignees other than the Additional Member, and all distributions of Available Cash thereafter shall be made to all the Members and Assignees including such Additional Member.

  • All distributions of Available Cash attributable to an LLC Unit with respect to which the LLC Record Date is before the date of a Transfer or a Redemption of the LLC Unit shall be made to the transferor Member and all distributions of Available Cash thereafter attributable to such LLC Unit shall be made to the transferee Member.

  • All distributions of Available Cash attributable to an LLC Unit with respect to which the LLC Record Date is before the date of a Transfer or an Exchange of the LLC Unit shall be made to the transferor Member and all distributions of Available Cash thereafter attributable to such LLC Unit shall be made to the transferee Member.

  • Notwithstanding anything to the contrary contained herein, a Non-Managing Member shall not be entitled to any distribution pursuant to this Article V with respect to any Tendered Units if the next LLC Record Date is on or after the Specified Redemption Date for such Tendered Unit(s).

  • All distributions of Available Cash with respect to which the LLC Record Date is before the date of such admission shall be made solely to Members and Assignees, other than the Additional Member, and all distributions of Available Cash thereafter shall be made to all of the Members and Assignees, including such Additional Member.

  • All distributions of Available Cash with respect to which the LLC Record Date is before the date of the admission of any Additional Members shall be made solely to Members and Assignees other than the Additional Member, and all distributions of Available Cash thereafter shall be made to all the Members and Assignees including such Additional Member.

  • All distributions of Available Cash attributable to an LLC Unit with respect to which the LLC Record Date is before the date of a Transfer or an Exchange of the LLC Unit shall be made to the transferor Member or the exchanging Member, as the case may be, and, in the case of a Transfer other than an Exchange, all distributions of Available Cash thereafter attributable to such LLC Unit shall be made to the transferee Member.

  • All distributions of Available Cash attributable to an LLC Unit with respect to which the LLC Record Date is before the date of a Transfer shall be made to the transferor Member or the exchanging Member, as the case may be, and, in the case of a Transfer, all distributions of Available Cash thereafter attributable to such LLC Unit shall be made to the transferee Member.

  • The provisions of this Section 26 shall be binding upon the Special Circumstance Unitholders even though (i) the Special Circumstance Unitholders shall become Class B LLC Interest Holders, and (ii) certain Class B LLC Interest Holders that own Units (without consideration of Special Circumstance Redeemed Units) on the LLC Record Date shall no longer be Unitholders.

  • Pursuant to the LLC Operating Agreement, LLC Distributions to each Class B LLC Interest Holder that was also a Unitholder on both (i) the LLC Record Date, and (ii) the date of such LLC Distribution, shall be by the issuance of Units (or Fractional Units) in the Trust pursuant to Section 13 of this Trust Agreement in exchange for their respective LLC Distribution, provided that such issuance shall be directly by the Trust and not by or through registered brokers.