Distributions/Available Cash. The Member, in its capacity as sole Member, shall in its sole discretion determine from time to time to what extent (if any) the Company's cash on hand exceeds the current and anticipated needs of the Company. To the extent any such excess exists, the Member may make distributions to itself as sole Member, subject to Section 40 of the Act.
Appears in 26 contracts
Samples: Limited Liability Company Agreement (Mylos Shipping S.A.), Limited Liability Company Agreement (Roadrunner Shipping LLC), Limited Liability Company Agreement (Imperial Eagle Shipping LLC)
Distributions/Available Cash. The Member, in its capacity as sole Member, shall in its sole discretion determine from time to time to what extent (if any) the Company's ’s cash on hand exceeds the current and anticipated needs of the Company. To the extent any such excess exists, the Member may make distributions to itself as sole Member, subject to Section 40 of the Act.. 7 BOOKS AND RECORDS; FISCAL YEAR; TAX MATTERS
Appears in 13 contracts
Samples: Limited Liability Company Agreement (Eagle Bulk Shipping Inc.), Limited Liability Company Agreement (Eagle Bulk Shipping Inc.), Limited Liability Company Agreement (Eagle Bulk Shipping Inc.)
Distributions/Available Cash. The Member, in its capacity as sole Member, Member(s) shall in its their sole discretion determine from time to time to what extent (if any) the Company's ’s cash on hand exceeds the current and anticipated needs of the Company. To the extent any such excess exists, the Member Member(s) may make distributions to itself themselves as sole MemberMember(s), subject to Section 40 of the Act.
Appears in 6 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Navios Maritime Midstream Partners LP), Limited Liability Company Agreement
Distributions/Available Cash. The Member, in its capacity as sole Member, Member shall in its sole discretion determine from time to time to what extent (if any) the Company's ’s cash on hand exceeds the current and anticipated needs of the Company. To the extent any such excess exists, the Member may make distributions to itself as sole the Member, subject to Section 40 of the Act.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (OSG America L.P.), Limited Liability Company Agreement (OSG America L.P.)
Distributions/Available Cash. The Member, in its capacity as sole Member, shall in its sole discretion determine from time to time to what extent (if any) the Company's cash on hand exceeds the current and anticipated needs of the Company. To the extent any such excess exists, the Member may make distributions to itself as sole Member, subject to Section 40 18-607 of the Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Eagle Bulk Shipping Inc.)
Distributions/Available Cash. The Member, in its capacity as sole Member, Member(s) shall in its their sole discretion determine from time to time to what extent (if any) the Company's ’s cash on hand exceeds the current and anticipated needs of the Company. To the extent any such excess exists, the Member Member(s) may make distributions to itself themselves as sole MemberMember(s) in their discretion, subject to Section 40 of the Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Navios Maritime Midstream Partners LP)
Distributions/Available Cash. The Member, in its capacity as sole Member, Member shall in its sole discretion determine from time to time to what extent (if any) the Company's ’s cash on hand exceeds the current and anticipated needs of the Company. To the extent any such excess exists, the Member may make make, or cause the Management Committee to make, distributions to itself as sole the Member, subject to Section 40 34 of the Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ambassadors International Inc)
Distributions/Available Cash. The MemberMember(s), shall, in its capacity as their sole Memberdiscretion, shall in its sole discretion determine from time to time to what extent (if any) the Company's ’s cash on hand exceeds the current and anticipated needs of the Company. To the extent any such excess exists, the Member Member(s) may make distributions to itself themselves as sole MemberMember(s), subject to Section 40 of any limitations or restrictions provided for in the Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (GasLog Partners LP)
