Distributions of Available Cash Flow. One hundred percent (100%) of the Available Cash Flow and the Available Cash Flow from Capital Transactions shall be distributed by the LLC to the Member upon receipt. Notwithstanding any provision to the contrary contained in this Agreement, the LLC shall not be required to make a distribution to the Member on account of its Interest in the LLC if such distribution would violate Section 18-607 of the Act or any other applicable law or any Loan Document.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Tarantula Ventures LLC), LLC Operating Agreement (Tarantula Ventures LLC), Limited Liability Company Agreement (Tarantula Ventures LLC)
Distributions of Available Cash Flow. One hundred percent (100%) of the Available Cash Flow and the Available Cash Flow from Capital Transactions shall be distributed by the LLC to the Member upon receipt. Notwithstanding any provision to the contrary contained in this Agreement, the LLC shall not be required to make a distribution to the Member on account of its Interest interest in the LLC if such distribution would violate Section 18-607 of the Act or any other applicable law or any Loan Document.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Tarantula Ventures LLC)
Distributions of Available Cash Flow. One hundred percent (100%) of the Available Cash Flow and of the Available Cash Flow from Capital Transactions LLC shall be distributed by the LLC to the Member upon receipt. Notwithstanding any provision to the contrary contained in this Agreement, the LLC shall not be required to make a distribution to the Member on account of its Interest interest in the LLC if such distribution would violate Section 18-607 of the Act or any other applicable law or any Mezzanine Loan Document.. 381770 v3/RE 11
Appears in 1 contract
Distributions of Available Cash Flow. One hundred percent (100%) of the Available Cash Flow and the Available Cash Flow from Capital Transactions shall be distributed by the LLC to the Member upon receipt. Notwithstanding any provision to the contrary contained in this Agreement, the LLC shall not be required to make a distribution to the Member on account of its Interest in the LLC if such distribution would violate Section 18-607 of the Act or any other applicable law or any Loan Document.. 379990 v4/RE 11
Appears in 1 contract
Samples: Limited Liability Company Agreement (Tarantula Ventures LLC)
