Discretionary Distributions. Prior to the dissolution of the LLC (including, without limitation, a Capital Transaction that results in a dissolution of the LLC), the LLC shall distribute cash or property, subject to Sections 3.1 and 3.5, in such amounts, at such times and as of such record dates as the Board shall determine in the following order of priority:
Appears in 3 contracts
Samples: Operating Agreement, Operating Agreement (Where Food Comes From, Inc.), Operating Agreement (Where Food Comes From, Inc.)
Discretionary Distributions. Prior to the dissolution of the LLC (including, without limitation, a Capital Transaction that results in a dissolution of the LLC), the LLC shall distribute cash or property, subject to Sections 3.1 and 3.5Section 3.4, to the Members in accordance with their Percentage Interests in such amounts, at such times and as of such record dates as the Board shall determine in the following order of priority:determine.
Appears in 1 contract
Samples: Supply Agreement (Aldila Inc)
