Distributions to Members. Except as otherwise provided in Section 5.3 and Article 14, the Board of Directors may, in its sole discretion and at any time, declare and pay distributions with respect to the LLC Interests to the Members, as of any record date established by the Board of Directors with respect to such distributions, from Cash Available for Distribution to all Members in proportion to their Percentage Interests.
Appears in 4 contracts
Samples: Operating Agreement (Compass Diversified Holdings), Operating Agreement (Compass Diversified Holdings), Operating Agreement (Compass Diversified Trust)
Distributions to Members. Except as otherwise provided in Section 5.3 and Article 14, the Board of Directors may, in its sole discretion and at any time, declare and pay distributions with respect to the LLC Interests to the Members, as of any record date established by the Board of Directors with respect to such distributions, from Cash Available for Distribution to all Members Members, subject to any applicable Trust Interest Designation, in proportion to their Percentage Interests.
Appears in 2 contracts
Samples: Operating Agreement (Compass Group Diversified Holdings LLC), Operating Agreement (Compass Group Diversified Holdings LLC)
Distributions to Members. Except as otherwise provided in Section 5.3 and Article 14VIII, the Board of Directors may, in its sole discretion and at any time, declare and pay distributions with respect to the LLC Interests Common Shares then Outstanding to the Members, as of any record date established by the Board of Directors with respect to such distributions, from Cash Available for Distribution to all Members in proportion to their Percentage Interests.
Appears in 1 contract
Samples: Operating Agreement (Atlas Industries Holdings LLC)
Distributions to Members. Except as otherwise provided in Section 5.3 5.4 and Article 14XIV, and subject to Section 5.2 below, the Board of Directors may, in its sole discretion and at any time, declare and pay distributions with respect to the LLC Interests Common Shares then Outstanding to the MembersMembers (other than the Allocation Member), as of any record date established by the Board of Directors with respect to such distributions, from Cash Available for Distribution to all Members in proportion to their Percentage Interests.
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