Distribution Shares Clause Samples
The 'Distribution Shares' clause defines how profits, assets, or other distributions from a business or investment are allocated among its stakeholders, such as shareholders, partners, or members. Typically, this clause specifies the percentage or proportion each party is entitled to receive, which may be based on their ownership interest, capital contributions, or another agreed-upon formula. By clearly outlining the method of distribution, this clause ensures transparency and prevents disputes over entitlement, thereby providing certainty and fairness in the allocation of returns.
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Distribution Shares. 1. All distributions by the LLC to Members shall be made to the Members in proportion to their ownership of Shares and the respective rights of any classes and series of Shares that may from time to time be created as permitted in this Agreement.
Distribution Shares. All distributions by the LLC to Members (including the Managing Member), shall be made upon receipt of any distributions from the Private Equity Funds, and all such distibutions shall be made in proportion to the Members ownership of Shares after the LLC pays for any costs and expenses incurred to date solely with respect to its legal and accounting expenses or as otherwise provided in Articles XI and XII herein.
Distribution Shares. Distribution Shares" has the meaning set forth in Section 2.1.
Distribution Shares. There will be no distributions by the LLC to Members until September 30, 1997.
Distribution Shares. 11 ARTICLE X - NO TRANSFER OF MEMBERSHIP . . . . . . . . . . . . . . . . . . . . . 11 10.1 Transfer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 10.2