Common use of Allocation of Distributions Clause in Contracts

Allocation of Distributions. Distributions made shall be made in proportion to the Members’ and Interest Holders’ Membership Interests as of the date of distribution, unless otherwise agreed by the vote or written consent of the Members holding ONE HUNDRED PERCENT (100%) of the outstanding Membership Voting Interests.

Appears in 3 contracts

Samples: Operating Agreement (NGA Holdco, LLC), Operating Agreement (NGA Holdco, LLC), Operating Agreement (NGA Holdco, LLC)

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Allocation of Distributions. Distributions made shall be made in proportion to the Members’ and Interest Holders’ Membership Interests in the Company, as of the date of distribution, unless agreed otherwise agreed by the unanimous vote or written consent of the Members holding ONE HUNDRED PERCENT (100%) of the outstanding Membership Voting InterestsMembers.

Appears in 1 contract

Samples: Operating Agreement (Newgold Inc)

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