Common use of Determination of Members of Record for Other Purposes Clause in Contracts

Determination of Members of Record for Other Purposes. The Manager may fix a time, not less than ten days or more than sixty days preceding the date fixed for the payment of any dividend or for the making of any distribution or for the delivery of evidences of rights or evidences of interests arising out of any change, conversion, or exchange of Interests, as a record date for the determination of the Members entitled to receive any such dividend, distribution, rights or interests, and in such case only Members on record at the time so fixed shall be entitled to receive such dividend, distribution, rights or interest.

Appears in 2 contracts

Samples: Partnership Agreement (Cayuga Associates L P), Partnership Agreement (Devon Associates/Ny/)

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Determination of Members of Record for Other Purposes. The Manager may fix a time, not less than ten days or more than sixty days preceding the date fixed for the payment of any dividend or for the making of any distribution or for the delivery of evidences of rights or evidences of interests arising out of any change, conversion, or exchange of InterestsShares, as a record date for the determination of the Members entitled to receive any such dividend, distribution, rights or interests, and in such case only Members on record at the time so fixed shall be entitled to receive such dividend, distribution, rights or interest.

Appears in 1 contract

Samples: Operating Agreement (DGP Acquisition L L C)

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Determination of Members of Record for Other Purposes. The Manager Managing Member may fix a time, not less than ten days or more than sixty 10 days preceding the date fixed for the payment of any dividend or for the making of any distribution or for the delivery of evidences of rights or evidences of interests arising out of any change, conversion, or exchange of InterestsShares, as a record date for the determination of the Members entitled to receive any such dividend, distribution, rights or interests, and in such case only Members on record at the time so fixed shall be entitled to receive such dividend, distribution, rights or interest.

Appears in 1 contract

Samples: Operating Agreement (Lido Associates LLC)

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