Establishment of Reserves. The Members shall have the right and obligation to establish reasonable reserves for maintenance, improvements, acquisitions, capital expenditures, and other contingencies, such reserves to be funded with such portion of the operating revenues of the Company as the Members may deem necessary or appropriate for that purpose.
Appears in 2 contracts
Samples: Operating Agreement (DLP Positive Fixed Returns Fund LLC), Limited Liability Operating Agreement
Establishment of Reserves. The Members Managers shall have the right and obligation to establish reasonable reserves for maintenance, improvements, acquisitions, capital expenditures, expenditures and other contingencies, such reserves to be funded with such portion of the operating revenues of the Company as the Members Managers may deem necessary or appropriate for that purpose.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement (Elk Horn Coal Co LLC)
Establishment of Reserves. The Members Managing Member shall have the right and obligation to establish reasonable reserves for maintenance, improvements, acquisitions, capital expenditures, expenditures and other contingencies, such reserves to be funded with such portion of the operating revenues of the Company for any fiscal year as the Members Managing Member may deem necessary or appropriate for that purpose.
Appears in 1 contract
Samples: Operating Agreement (Rodman & Renshaw Capital Group, Inc.)
Establishment of Reserves. The Members Manager shall have the right and obligation to establish reasonable reserves for maintenance, improvements, acquisitions, capital expenditures, expenditures and other contingencies, such reserves to be funded fancied with such portion of the operating revenues of the Company as the Members Manager may deem necessary or appropriate for that purpose.
Appears in 1 contract
Samples: Operating Agreement (Ryerson International Material Management Services, Inc.)
Establishment of Reserves. The Members Managers shall have the right and obligation to establish reasonable reserves for maintenance, improvements, acquisitions, capital expenditures, anticipated and other contingencies, such reserves to be funded with such portion of the operating revenues of the or contingent Company obligations as the Members Managers may deem reasonably necessary or appropriate for that purpose.
Appears in 1 contract
