Distribution Policy. Notwithstanding any other provision of this Agreement, distributions will be made only to Member(s) with positive Adjusted Capital Account Balances (calculated following all allocations for the period ending immediately prior to the distribution) and then to each such Member only to the extent of such Member’s positive Adjusted Capital Account Balance.
Appears in 17 contracts
Samples: Limited Liability Company Operating Agreement (Conversent Communications of New York, LLC), Limited Liability Company Operating Agreement (Conversent Communications of New York, LLC), Limited Liability Company Operating Agreement (Conversent Communications of New York, LLC)
Distribution Policy. Notwithstanding any other provision of this Agreement, distributions will be made only to Member(s) with positive Adjusted adjusted Capital Account Balances (calculated following all allocations for the period ending immediately prior to the distribution) and then to each such Member only to the extent of such Member’s positive Adjusted Capital Account Balance.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Conversent Communications of New York, LLC)
