Common use of Form of Distribution Clause in Contracts

Form of Distribution. No Member has the right to demand and receive any distribution from the Company in any form other than money. No Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the dissolution and winding up of the Company.

Appears in 13 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Operating Agreement

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Form of Distribution. No Member A Member, regardless of the nature of the Member's Capital Contribution, has the no right to demand and receive any distribution from the Company in any form other than money. No Except as provided in the Act, no Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the dissolution and winding up no Member may be compelled to accept a distribution of the Companyany asset in kind.

Appears in 6 contracts

Samples: Revised And (Dover Investments Corp), Operating Agreement (Dover Investments Corp), Operating Agreement (Dover Investments Corp)

Form of Distribution. No Member A Member, regardless of the nature of the Member’s Capital Contribution, has the no right to demand and receive any distribution from the Company in any form other than money. No Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the dissolution and winding up of the Company.

Appears in 6 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (TriLinc Global Impact Fund LLC), Limited Liability Company Operating Agreement (TriLinc Global Impact Fund LLC)

Form of Distribution. No Member Member, regardless of the nature of its Capital Contribution, has the right to demand and receive any distribution Distribution from the Company in any form other than money. No Member may be compelled to accept from the Company a distribution Distribution of any asset in kind in lieu of a proportionate distribution Distribution of money being made to other Members Member(s), and except on the upon a dissolution and the winding up of the Company, no Member may be compelled to accept a Distribution of any asset in kind.

Appears in 5 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Kennedy-Wilson Properties (IL)), Limited Liability Company Agreement (Kennedy-Wilson Properties (IL))

Form of Distribution. No Member A Member, regardless of the nature of the Member's Capital Contribution, has the no right to demand and receive any distribution from the Company in any form other than money. No Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the Members. Except upon a dissolution and the winding up of the Company, no Member may be compelled to accept a distribution of any asset in kind.

Appears in 4 contracts

Samples: Operating Agreement (Chosen, LLC), Operating Agreement (Chosen, LLC), Operating Agreement (Chosen, LLC)

Form of Distribution. No Member A Member, regardless of the nature of the Member’s Capital Contribution, has the no right to demand and receive any distribution from the Company in any form other than money. No Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the Members. Except upon a dissolution and the winding up of the Company, no Member may be compelled to accept a distribution of any asset in kind.

Appears in 4 contracts

Samples: Index Operating Agreement, Operating Agreement, Operating Agreement

Form of Distribution. No Member A Member, regardless of the nature of the Member's Capital Contribution, has the no right to demand and receive any distribution from the Company LLC in any form other than money. No Member may be compelled to accept from the Company LLC a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the Members. Except upon a dissolution and the winding up of the CompanyLLC, no Member may be compelled to accept a distribution of any asset in kind.

Appears in 3 contracts

Samples: Operating Agreement (Vertical Computer Systems Inc), Operating Agreement (Vertical Computer Systems Inc), Operating Agreement (Vertical Computer Systems Inc)

Form of Distribution. No Member A Member, regardless of the nature of the --------------------- Member's Capital Contribution, has the no right to demand and receive any distribution from the Company in any form other than moneycash. No Except upon a dissolution and the winding up of the Company, or as agreed to by Members holding 100% of the Voting Interests, no Member may be compelled to accept from the Company accept, nor shall it accept, a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the dissolution and winding up of the Companykind.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Point West Capital Corp), Limited Liability Company Agreement (Point West Capital Corp), Limited Liability Company Agreement (Point West Capital Corp)

Form of Distribution. No Member Except as provided in Section 12.7, a Member, regardless of the nature of the Member's Capital Contribution, has the no right to demand and receive any distribution from the Company in any form other than money. No Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the Members. Except upon a dissolution and a winding up of the Company, no Member may be compelled to accept a distribution of any asset in kind.

Appears in 3 contracts

Samples: Operating Agreement (Playboy Enterprises Inc), Operating Agreement (Claxson Interactive Group Inc), Operating Agreement (Playboy Enterprises Inc)

Form of Distribution. No Member Except as provided in Section 10.3, no Member, regardless of the nature of its Capital Contribution, has the right to demand and receive any distribution Distribution from the Company in any form other than moneymoney unless it is approved by the Board. No Member may be compelled to accept from the Company a distribution Distribution of any asset in kind in lieu of a proportionate distribution Distribution of money being made to other Members Member(s), and except on the upon a dissolution and the winding up of the Company, no Member may be compelled to accept a Distribution of any asset in kind.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Global Clean Energy Holdings, Inc.), Limited Liability Company Agreement (Global Clean Energy Holdings, Inc.), Limited Liability Company Agreement (Global Clean Energy Holdings, Inc.)

Form of Distribution. No Member A Member, regardless of the nature of the Member’s Capital Contribution, has the no right to demand and receive any distribution from the Company in any form other than money. No Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the dissolution Member and winding up no Member may be compelled to accept a distribution of the Companyany asset in kind.

Appears in 2 contracts

Samples: Operating Agreement (Ethos Environmental, Inc.), Operating Agreement (Ethos Environmental, Inc.)

Form of Distribution. No Member A Member, regardless of the nature of the Member’s Capital Contribution, has the no right to demand and receive any distribution from the Company LLC in any form other than money. No Member may be compelled to accept from the Company LLC a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except Members. Except on the a dissolution and the winding up of the CompanyLLC, no Member may be compelled to accept a distribution of any asset in kind.

Appears in 2 contracts

Samples: Operating Agreement (Molecular Imaging Corp), Operating Agreement (Molecular Imaging Corp)

Form of Distribution. No Member A Member, regardless of the nature of the Member’s Capital Contribution, has the no right to demand and receive any distribution from the Company in any form other than money. No Except as provided in Section 9.4, no Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the dissolution and winding up no Member may be compelled to accept a distribution of the Companyany asset in kind.

Appears in 2 contracts

Samples: Guaranty Agreement (NRG Yield, Inc.), Guaranty Agreement

Form of Distribution. No Member Except as may be provided in Section 10.4, a Member, regardless of the nature of the Member’s Capital Contribution, has the no right to demand and receive any distribution from the Company in any form other than money. No money and no Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the Members. Except upon dissolution and the winding up of the Company, no Member may be compelled to accept a distribution of any asset in kind.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Provision Holding, Inc.)

Form of Distribution. No Member A Member, regardless of the nature of the Member’s Capital Contribution, has the no right to demand and receive any distribution from the Company in any form other than money. No Member may be compelled to accept from the Company a disproportionate distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the dissolution and winding up of the Companywithout such Member’s consent.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Hydron Technologies Inc), Limited Liability Company Agreement (Public Media Works Inc)

Form of Distribution. No Member A Member, regardless of the nature of the Member’s Capital Contribution, has the no right to demand and receive any distribution from the Company in any form other than money. No Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the dissolution and winding up of the CompanyMembers.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Mr. Mango LLC), Operating Agreement (Raybor Management Inc)

Form of Distribution. (a) No Member has the right to demand and or receive any distribution Distribution from the Company in any form other than moneycash. Except with respect to a Distribution of an asset in kind to all of the Members in proportion to the respective amounts they would have received upon Distribution of cash equal to the Fair Market Value of the asset being distributed, no Member may be compelled to accept a Distribution, whether interim or on dissolution and winding up, of any asset in kind. No Member may be compelled to accept from the assume any liability of Company in connection with a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the dissolution and winding up of the CompanyDistribution.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Kennedy-Wilson Properties (IL)), Employment Agreement (Harbin Electric, Inc)

Form of Distribution. No Member A Member, regardless of the nature of the -------------------- Member's Capital Contribution, has the no right to demand and receive any distribution from the Company in any form other than money. No Except as provided in Section 10.4, no Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the dissolution and winding up no Member may be compelled to accept a distribution of the Companyany asset in kind.

Appears in 2 contracts

Samples: Operating Agreement (Franchise Mortgage Acceptance Co), Operating Agreement (Auto Marketing Network Inc)

Form of Distribution. No Member has A Member, regardless of the right nature of the Member’s contribution to the capital of the Company, may not demand and or receive any distribution distributions from the Company in any form other than money. No Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except Members. Except as provided in ARTICLE 10, on the dissolution and the winding up of the Company, no Member may be compelled to accept a distribution of any asset in kind.

Appears in 2 contracts

Samples: Operating Agreement, California Limited Liability Company

Form of Distribution. No Member A Member, regardless of the nature of the Member’s Capital Contribution, has the no right to demand and receive any distribution from the Company in any form other than money. No Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the dissolution and winding up of the CompanyCompany as provided herein.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Innovaro, Inc.)

Form of Distribution. No Member A Member, regardless of the nature of the Member’s Capital Contribution, has the no right to demand and receive any distribution from the Company LLC in any form other than money. No Member may be compelled to accept from the Company LLC a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the Members. Except upon dissolution and the winding up of the CompanyLLC, no Member may be compelled to accept a distribution of any asset in kind.

Appears in 1 contract

Samples: Operating Agreement

Form of Distribution. No Member A Member, regardless of the nature of the Member’s Capital Contribution, has the no right to demand and receive any distribution from the Company in any form other than money. No Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the dissolution and winding up of the Company.8.4

Appears in 1 contract

Samples: Operating Agreement

Form of Distribution. No Member A Member, regardless of the nature of the Member's Capital Contribution, has the no right to demand and receive any distribution from the Company in any form other than money. No Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the Members. Except upon a dissolution and winding up of the Company, no Member may be compelled to accept a distribution of any asset in kind.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Energy Conversion Devices Inc)

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Form of Distribution. No Member A Member, regardless of the nature of the Member’s Capital Contribution, has the no right to demand and receive any distribution from the Company in any form other than money. No Member may be compelled to accept from the Company (a) a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the dissolution and winding up or (b) a distribution of the Companyany asset in kind.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Versity Invest, LLC)

Form of Distribution. No Member A Member, regardless of the nature of the -------------------- Member's Capital Contribution, has the no right to demand and receive any distribution from the Company in any form other than money. No Except as provided in Article VIII, no Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the dissolution and winding up of the CompanyMembers.

Appears in 1 contract

Samples: First American Financial Corp

Form of Distribution. No Member A Member, regardless of the nature of the Member's capital contribution, has the no right to demand and receive any distribution from the Company in any form other than money. No Member may be compelled to accept from the Company a distribution of any asset in kind in‑kind in lieu of a proportionate distribution of money being made to other Members except on the upon a dissolution and winding up of the Company.

Appears in 1 contract

Samples: Security Agreement

Form of Distribution. No Member has A Member, regardless of the nature of the Member's Capital Contribution, shall have no right to demand and or receive any distribution from the Company in any form other than money. No Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the dissolution and winding up of the CompanyMembers.

Appears in 1 contract

Samples: Operating Agreement (American Vantage Companies)

Form of Distribution. No Member A Member, regardless of the nature of the Member's Capital Contribution, has the no right to demand and receive any distribution from the Company in any form other than money. No Member may be compelled to accept from the Company a disproportionate distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the dissolution and winding up of the Companywithout such Member's consent.

Appears in 1 contract

Samples: Operating Agreement (Matrix Bancorp Inc)

Form of Distribution. No Member A Member, regardless of the nature of the -------------------- Member's Capital Contribution, has the no right to demand and receive any distribution from the Company in any form other than money. No Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the Members. Except upon a dissolution and the winding up of the Company, no Member may be compelled to accept a distribution of any asset in kind.

Appears in 1 contract

Samples: Operating Agreement (CPC of America Inc)

Form of Distribution. No Member A Member, regardless of the nature of the -------------------- Member's Capital Contribution, has the no right to demand and receive any distribution from the Company in any form other than moneycash. No Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the dissolution and winding up of the Companykind.

Appears in 1 contract

Samples: Operating Agreement (Liberty Digital Inc)

Form of Distribution. No Member A Member, regardless of the nature of the Member’s Capital Contribution, has the no right to demand and receive any distribution from the Company LLC in any form other than money. No Member may be compelled to accept from the Company LLC a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on Members. Except upon the dissolution and winding up of the CompanyLLC, no Member may be compelled to accept a distribution of any asset in kind.

Appears in 1 contract

Samples: Subscription Agreement (Green PolkaDot Box Inc)

Form of Distribution. No Member Member, regardless of the nature of its Capital Contribution, has the right to demand and receive any distribution Distribution from the Company in any form other than money. No Member may be compelled to accept from the Company a distribution Distribution of any asset in kind in lieu of a proportionate distribution Distribution of money being made to other Members Member(s), and except on the upon dissolution and the winding up of the Company, no Member may be compelled to accept a Distribution of any asset in kind.

Appears in 1 contract

Samples: Operating Agreement (New England Cape Gods, Inc.)

Form of Distribution. No Member A Member, regardless of the nature of the Member's Capital Contribution, has the no right to demand and receive any distribution from the Company in any form other than money. No Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on Members. A Member may be compelled to accept a distribution of any asset in kind from the dissolution and winding up Company to the extent that the percentage of the asset distributed to such Member is equal to a percentage of that asset which is equal to the percentage in which such Member shares in distributions from the Company.

Appears in 1 contract

Samples: Kaiser Ventures Inc

Form of Distribution. No Except as provided for in Section 9.3, a Member has the no right to demand and or receive any distribution from the Company in any form other than money. No Likewise, except in the event of the Company's dissolution and as provided for in Section 9.3, no Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the dissolution and winding up of the Companykind.

Appears in 1 contract

Samples: Limited Liability Company Agreement (First Look Media Inc)

Form of Distribution. No Member A Member, regardless of the nature of the Member’s Capital Contribution, has the no right to demand and receive any distribution from the Company in any form other than money. No Except as provided in Article VIII, no Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the dissolution and winding up of the CompanyMembers.

Appears in 1 contract

Samples: Operating Agreement (First American Corp)

Form of Distribution. No Member A Member, regardless of the nature of the Member's Capital Contribution, has the no right to demand and receive any distribution from the Company in any form other than money. No Except as provided in Article VIII, no Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the dissolution and winding up of the CompanyMembers.

Appears in 1 contract

Samples: First American Financial Corp

Form of Distribution. No Member A Member, regardless of the nature of the Member’s Capital Contribution, has the no right to demand and receive any distribution from the Company in any form other than money. No Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the dissolution and winding up no Member may be compelled to accept a distribution of the Companyany asset in kind.

Appears in 1 contract

Samples: Operating Agreement (Red Rock Pictures Holdings, Inc)

Form of Distribution. No Member has the any right to demand and receive any distribution -------------------- Distribution from the Company in any form other than money. No Member may be compelled to accept from the Company a distribution Distribution of any asset in kind in lieu of a proportionate distribution Distribution of money being made to other Members except on the dissolution and winding up of the CompanyMembers.

Appears in 1 contract

Samples: Liability Company Agreement (Southwest Water Co)

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