Common use of Distribution of Cash Available for Distribution Clause in Contracts

Distribution of Cash Available for Distribution. Distributions of all Cash Available for Distribution shall be made at such times as determined by the Majority Vote of the Members. Any distribution of property shall be treated as a distribution of cash equal in amount to the fair market value of such property. Distributions shall be made to all Members and Assignees pro rata in accordance with the number of Units held by each.

Appears in 4 contracts

Samples: Operating Agreement (Chaparral CO2, L.L.C.), Operating Agreement (Chaparral CO2, L.L.C.), Operating Agreement (Chaparral CO2, L.L.C.)

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Distribution of Cash Available for Distribution. Distributions of all Cash Available for Distribution shall be made at such times as determined by the a Majority Vote of the Members. Any distribution of property shall be treated as a distribution of cash equal in the amount to of the fair market value of such property. Distributions Distribution shall be made to all the Members and Assignees by the Company pro rata in accordance with rata, according to the number of Units held by each, with all Outstanding Units being treated alike.

Appears in 4 contracts

Samples: Operating Agreement (Public Service Co of Oklahoma), Operating Agreement (Public Service Co of Oklahoma), Operating Agreement (Public Service Co of Oklahoma)

Distribution of Cash Available for Distribution. Distributions of all Cash Available for Distribution shall be made at such times as determined by the Majority Vote of the Members. Any distribution of property shall be treated as a distribution of cash equal in amount to the fair market value of such property. Distributions shall be made prorated to all Members and Assignees pro rata in accordance with the number of Units held by each.

Appears in 1 contract

Samples: Operating Agreement (Green Country Supply, Inc.)

Distribution of Cash Available for Distribution. Distributions Except upon winding up pursuant to Section 12.3, distributions of all Cash Available for Distribution shall be made at such times as determined by the Majority Vote of the MembersGeneral Partner. Any distribution of property shall be treated as a distribution of cash equal in amount to the fair market value of such property. Distributions shall be made to all Members Partners and Assignees pro rata in accordance with the number of Units held by each.

Appears in 1 contract

Samples: Limited Partnership Agreement (Chaparral CO2, L.L.C.)

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Distribution of Cash Available for Distribution. Distributions of all Cash Available for Distribution shall be made at such times as determined by the Majority Vote unanimous vote of the Members. Any distribution of property shall be treated as a distribution of cash equal in amount to the fair market value of such property. Distributions shall be made to all Members and Assignees pro rata in accordance with the number of Units held by each.

Appears in 1 contract

Samples: Operating Agreement (Village at Oakwood LLC)

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