Common use of Delivery of Proceeds Clause in Contracts

Delivery of Proceeds. The Common Interests delivered by each of the Other Investors to the Company pursuant to Section 6.1(c), or with respect to which instructions shall have been so given, shall be transferred by the Company to the purchaser, in consummation of the disposition to such purchaser, pursuant to the terms and conditions specified in Section 6.1(a) above, and the Company shall promptly thereafter remit to such Other Investor that portion of the proceeds of disposition to which such Other Investor is entitled by reason of such participation.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Valor Telecommunications Southwest LLC), Limited Liability Company Agreement (Valor Telecommunications Southwest LLC)

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Delivery of Proceeds. The Common Interests delivered by each of the Other Investors Selling Investor to the Company pursuant to Section 6.1(c), or with respect to which instructions shall have been so given, 6.2(d) shall be transferred by the Company to the purchaserAdditional Members or the Initial Member, as the case may be, in consummation of the disposition to such purchaserMembers or Member, pursuant to the terms and conditions specified in Section 6.1(a6.2(a) above, and the Company shall promptly thereafter remit to such Other the Selling Investor that portion of the proceeds of disposition to which such Other Selling Investor is entitled by reason of such participationdisposition.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Valor Telecommunications Southwest LLC)

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Delivery of Proceeds. The Common Interests delivered by each of the Other Investors Selling Investor to the Company pursuant to Section 6.1(c), or with respect to which instructions shall have been so given, 6.2(d) shall be transferred by the Company to the purchaserInitial Member, as the case may be, in consummation of the disposition to such purchaserMember, pursuant to the terms and conditions specified in Section 6.1(a6.2(a) above, and the Company shall promptly thereafter remit to such Other the Selling Investor that portion of the proceeds of disposition to which such Other - Selling Investor is entitled by reason of such participationdisposition.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Valor Telecommunications Southwest LLC)

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