Distribution Upon Withdrawal. No Member shall be entitled to any distribution or payment with respect to its Membership Units upon the resignation or withdrawal of such Member.
Appears in 15 contracts
Samples: Limited Liability Company Agreement (Acme Television LLC), Liability Company Agreement (Acme Television LLC), Limited Liability Company Agreement (Acme Television LLC)
Distribution Upon Withdrawal. No Member shall be entitled to any distribution or payment with respect to its Membership Units upon the resignation or withdrawal of such MemberMember other than the Preferred Members in connection with redemption of the Preferred Units.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Acme Television LLC), Limited Liability Company Agreement (Acme Television LLC)
