Common use of Cash Distributions Prior to Dissolution Clause in Contracts

Cash Distributions Prior to Dissolution. The Board of Directors shall have the right to determine the amount, if any, that should be distributed to the Member each year; provided, however, that no distribution shall be permitted to the extent prohibited by the Act. No distribution shall be determined a return or withdrawal of a capital contribution unless so designated by the Member or board of Directors.

Cash Distributions Prior to Dissolution. The Board of Directors Managers shall have the right to determine the amount, if any, that should be distributed to the Member each year; provided, however, that no distribution shall be permitted to the extent prohibited by the Act. No distribution shall be determined a return or withdrawal of a capital contribution unless so designated by the Member or board Board of DirectorsManagers.

Cash Distributions Prior to Dissolution. The Board of Directors shall have the right to determine the amount, if any, that should be distributed to the Member each year; provided, however, that no distribution shall be permitted to the extent prohibited by the Act. No distribution shall be determined a return or withdrawal of a capital contribution unless so designated by the Member or board Board of Directors.

Cash Distributions Prior to Dissolution. The Board of Directors Member shall have the right to determine the amount, if any, that should be distributed to the Member each year; provided, however, that no distribution shall be permitted to the extent prohibited by the Act. No distribution shall be determined a return or withdrawal of a capital contribution unless so designated by the Member or board of DirectorsMember.