Common use of Company Distributions Clause in Contracts

Company Distributions. In the event the Company has assets not associated with a Series that the Manager determines are not necessary to satisfy current or anticipated liabilities of the Company, the Manager may, in its sole discretion, distribute any or all such assets to the Member.

Appears in 5 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Landa App LLC), Limited Liability Company Agreement

AutoNDA by SimpleDocs

Company Distributions. In the event the Company has assets not associated with a Series that the Manager determines are not necessary to satisfy current or anticipated liabilities of the Company, the Manager may, in its sole discretion, distribute any or all such assets to the Member. Distributions are subject to the terms of any applicable Distribution Reinvestment Plan.

Appears in 1 contract

Samples: Operating Agreement (Landa App 3 LLC)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.