Common use of Distributions to Record Holders Clause in Contracts

Distributions to Record Holders. (a) Subject to the applicable provisions of the Delaware Act and except as otherwise provided herein, the Manager may, in its sole discretion, at any time and from time to time, declare, make and pay distributions of cash or other assets of the Company to the Members. Subject to the terms of any Share Designation (including, without limitation, the preferential rights, if any, of holders of any other class of Shares of the Company) and of Article XIII, distributions shall be paid to the holders of Common Shares on an equal per-Share basis as of the Record Date selected by the Manager. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to any Member on account of its interest in the Company if such distribution would violate the Delaware Act or other applicable law.

Appears in 62 contracts

Samples: Operating Agreement (Groundfloor Loans 1, LLC), Operating Agreement (Groundfloor Loans 1, LLC), Operating Agreement (Arrived Debt Fund, LLC)

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Distributions to Record Holders. (a) Subject to the applicable provisions of the Delaware Act and except as otherwise provided herein, the Manager may, in its sole discretion, at any time and from time to time, declare, make and pay distributions of cash or other assets of the Company to the Members. Subject to the terms of any Share Unit Designation (including, without limitation, the preferential rights, if any, of holders of any other class of Shares Units of the Company) and of Article XIII, distributions shall be paid to the holders of Common Shares Units on an equal per-Share Unit basis as of the Record Date selected by the Manager. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to any Member on account of its interest in the Company if such distribution would violate the Delaware Act or other applicable law.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (Birgo Reiturn Fund LLC), Limited Liability Company Agreement (Birgo Reiturn Fund LLC), Limited Liability Company Agreement (Birgo Reiturn Fund Manager LLC)

Distributions to Record Holders. (a) Subject to the applicable provisions of the Delaware Act and except as otherwise provided herein, the Manager may, in its sole discretion, at any time and from time to time, declare, make and pay distributions of cash or other assets of the Company to the Members. Subject to the terms of any Share Designation (including, without limitation, the preferential rights, if any, of holders of any other class of Shares of the Company) and of Article XIIIXII, distributions shall be paid to the holders of Common Shares on an equal per-Share basis as of the Record Date selected by the Manager. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to any Member on account of its interest in the Company if such distribution would violate the Delaware Act or other applicable law.

Appears in 7 contracts

Samples: Operating Agreement (Fundrise eFund, LLC), Operating Agreement (Fundrise eFund, LLC), Operating Agreement (Fundrise National for-Sale Housing eFund, LLC)

Distributions to Record Holders. (a) Subject to the applicable provisions of the Delaware Act and except as otherwise provided herein, the Manager may, in its sole discretion, at any time and from time to time, declare, make and pay distributions of cash or other assets of the Company to the Members. Subject to the terms of any Share Bit Designation (including, without limitation, the preferential rights, if any, of holders of any other class of Shares Bits of the Company) and of Article XIII), distributions shall be paid to the holders of Common Shares Bits on an equal per-Share Bit basis as of the Record Date selected by the Manager. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to any Member on account of its interest in the Company if such distribution would violate the Delaware Act or other applicable law.

Appears in 3 contracts

Samples: Operating Agreement (Building Bits Properties I, LLC), Operating Agreement (Building Bits Properties I, LLC), Operating Agreement (Building Bits Properties I, LLC)

Distributions to Record Holders. (a) Subject to the applicable provisions of the Delaware Act and except as otherwise provided herein, the Manager may, in its sole discretion, at any time and from time to time, declare, make and pay distributions of cash or other assets of the Company to the Members. Subject to the terms of any Share Designation (including, without limitation, the preferential rights, if any, of holders of any other class of Shares of the Company) and of Article XIII, distributions shall be paid to the holders of Common Shares on an equal per-Share basis as of the Record Date selected by the Manager. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to any Member on account of its interest in the Company if such distribution would violate the Delaware Act or other applicable law.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (MogulREIT I, LLC), Limited Liability Company Agreement (MogulREIT I, LLC)

Distributions to Record Holders. (a) Subject to the applicable provisions of the Delaware Act and except as otherwise provided hereinin this Agreement, the Manager Board may, in its sole discretion, at any time and from time to time, declare, make and pay distributions of cash or other assets of the Company to the Members. Subject to the terms of any Share Designation (including, without limitation, including the preferential rights, if any, of holders of any other class Class of Shares of the Company) and of Article XIIIXIV, distributions shall be paid to the holders of Common Shares on an equal per-Share basis as of the Record Date selected by the ManagerBoard. Notwithstanding any contrary provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to any Member on account of its such Member’s interest in the Company if such distribution would violate the Delaware Act or other applicable law.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Fundrise Income Real Estate Fund, LLC), Limited Liability Company Agreement (Fundrise Income Real Estate Fund, LLC)

Distributions to Record Holders. (a) Subject to the applicable provisions of the Delaware Act and except as otherwise provided herein, the Manager may, in its sole discretion, at any time and from time to time, declare, make and pay distributions of cash or other assets of the Company to the Members. Subject to the terms of any Share Designation (including, without limitation, the preferential rights, if any, of holders of any other class of Shares of the Company) and of Article XIII, distributions shall be paid to the holders of Common Shares on an equal per-Share basis as of the Record Date selected by the Manager. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to any Member on account of its interest in the Company if such distribution would violate the Delaware Act or other applicable law.

Appears in 2 contracts

Samples: Operating Agreement (GB8 Residential LLC), Operating Agreement (FundRebel Dean, LLC)

Distributions to Record Holders. (a) Subject to the applicable provisions of the Delaware Act and except as otherwise provided herein, the Manager may, in its sole discretion, at any time and from time to time, declare, make and pay distributions of cash or other assets of the Company to the Members. Subject to the terms of any Share Designation (including, without limitation, the preferential rights, if any, of holders of any other class of Shares of the Company) and of Article XIII, distributions shall be paid to the holders of Common Shares on an equal per-Share per­Share basis as of the Record Date selected by the Manager. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to any Member on account of its interest in the Company if such distribution would violate the Delaware Act or other applicable law.

Appears in 1 contract

Samples: Operating Agreement

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Distributions to Record Holders. (a) Subject to the applicable provisions of the Delaware Act and except as otherwise provided hereinin this Agreement, the Manager Board may, in its sole discretion, at any time and from time to time, declare, make and pay distributions of cash or other assets of the Company to the Members. Subject to the terms of any Share Designation (including, without limitation, including the preferential rights, if any, of holders of any other class Class of Shares of the Company) and of Article XIII), distributions shall be paid to the holders of Common Shares on an equal per-Share basis as of the Record Date selected by the ManagerBoard. Notwithstanding any contrary provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to any Member on account of its such Member’s interest in the Company if such distribution would violate the Delaware Act or other applicable law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Fundrise Growth Tech Fund, LLC)

Distributions to Record Holders. (a) Subject to the applicable provisions of the Delaware Act and except as otherwise provided herein, the Manager Board may, in its sole discretion, at any time and from time to time, declare, make and pay distributions of cash or other assets of the Company to the Members. Subject to the terms of any Share Designation (including, without limitation, the preferential rights, if any, of holders of any other class of Shares of the Company) and of Article XIIIXIV, distributions shall be paid to the holders of Common Shares on an equal per-Share basis as of the Record Date selected by the ManagerBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to any Member on account of its interest in the Company if such distribution would violate the Delaware Act or other applicable law.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Fundrise Real Estate Interval Fund, LLC)

Distributions to Record Holders. (a) Subject to the applicable provisions of the Delaware Act and except as otherwise provided herein, the Administrative Manager may, in its sole discretion, at any time and from time to time, declare, make and pay distributions of cash or other assets of the Company to the Members. Subject to the terms of any Share Designation (including, without limitation, the preferential rights, if any, of holders of any other class of Shares of the Company) and of Article XIII12, distributions shall be paid to the holders of Common Shares on an equal per-Share basis as of the Record Date selected by the Administrative Manager. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to any Member on account of its interest in the Company if such distribution would violate the Delaware Act or other applicable law.

Appears in 1 contract

Samples: Operating Agreement (StartEngine Real Estate REIT 1 LLC)

Distributions to Record Holders. (a) Subject to the applicable provisions of the Delaware Act and except as otherwise provided herein, the Manager may, in its sole discretion, at any time and from time to time, declare, make and pay distributions of cash or other assets of the Company to the Members. Subject to ; provided, however, that the terms of any Share Designation (includingManager shall distribute all funds received from Regal 286, without limitation, the preferential rights, if any, of holders of any other class of Shares net of the CompanyPlatform Fee, within ten (10) and Business Days following receipt of Article XIII, distributions such funds. Distributions shall be paid to the holders of Common Shares Units on an equal per-Share Unit basis as of the Record Date selected by the Manager. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to any Member on account of its interest in the Company if such distribution would violate the Delaware Act or other applicable law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Regal 286 Lenox LLC)

Distributions to Record Holders. (a) Subject to the applicable provisions of the Delaware Act and except as otherwise provided herein, the Manager Board may, in its sole discretion, at any time and from time to time, declare, make and pay distributions of cash or other assets of the Company to the Members. Subject to the terms of any Share Designation (including, without limitation, the preferential rights, if any, of holders of any other class of Shares of the Company) and of Article XIII12, distributions shall be paid to the holders of Common Shares on an equal per-Share basis as of the Record Date selected by the ManagerBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to any Member on account of its interest in the Company if such distribution would violate the Delaware Act or other applicable law.

Appears in 1 contract

Samples: Operating Agreement (LODE Payments International LLC)

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