Form of Distribution. If an Interest Holder is entitled to receive a return of a Capital Contribution or any other distribution, the Company, upon approval of the Members, may distribute cash, notes, property, or a combination thereof to the Interest Holder.
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Samples: Operating Agreement (Advanced Na, LLC), Operating Agreement (Advanced Na, LLC), Operating Agreement (Advanced Na, LLC)
Form of Distribution. If an Interest Holder is entitled to receive a return of a Capital Contribution or any other distribution, the Company, upon approval at the discretion of the MembersBoard of Directors, may distribute cash, notes, property, property or a combination thereof to the Interest Holder.
Appears in 1 contract
Samples: Operating Agreement (Calton Inc)
Form of Distribution. If an Interest Holder is entitled to receive a return of a Capital Contribution or any other distributionDistribution, the Company, upon approval of the Members, Company may distribute cash, notes, property, property or a combination thereof to the Interest Holder.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Texas Unwired)
Form of Distribution. If an Interest Holder is entitled to receive a return of a Capital Contribution or any other distribution, the distribution must be made in cash; provided, however, that the Company, upon the approval of the MembersBoard of Directors, may distribute cash, notes, or property, or a combination thereof to the Interest Holder.
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