Distributions/Available Cash. The Board of Directors 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 Board of Directors may make distributions to the Members, subject to the Act.
Appears in 4 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement (Teekay LNG Partners L.P.)
Distributions/Available Cash. The Board of Directors 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 Board of Directors Company may make distributions to the MembersMember(s), subject to the Act.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Seadrill Partners LLC), Limited Liability Company Agreement (Seadrill Partners LLC)
Distributions/Available Cash. The Board of Directors shall Directors, in its sole discretion discretion, shall 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 Board of Directors may make distributions to the Members, subject to Section 40 of the Act.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Hoegh LNG Partners LP)
Distributions/Available Cash. The Board of Directors 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 Board of Directors may make distributions to the MembersMember, subject to Section 40 of the Act.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (KNOT Offshore Partners LP), Limited Liability Company Agreement
Distributions/Available Cash. The Board of Directors shall Directors, shall, in its sole discretion 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 Board of Directors may make distributions to the MembersMember(s), subject to any limitations or restrictions provided for in the Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Costamare Partners LP)
Distributions/Available Cash. The Board of Directors 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 Board of Directors may make distributions to the MembersMember(s), subject to the Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Teekay Offshore Partners L.P.)
