Common use of Giveback of Excess Distributions Clause in Contracts

Giveback of Excess Distributions. If, as of any date, the aggregate distributions with respect to any Member exceed the amount to which such Member was entitled pursuant to the provisions of Article VII, such Member shall be obligated to return immediately such excess to the Company for re-distribution pursuant to Article VII. Article XLI Article XLII BOOKS AND RECORDS; REPORTS; CONFIDENTIALITY

Appears in 1 contract

Samples: Limited Liability Company Agreement (Medley LLC)

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Giveback of Excess Distributions. If, as of any date, the aggregate distributions with respect to any Member exceed the amount to which such Member was entitled pursuant to the provisions of Article VII, such Member shall be obligated to return immediately such excess to the Company for re-distribution pursuant to Article VII. Article XLI Article XLII BOOKS AND RECORDS; REPORTS; CONFIDENTIALITYXV

Appears in 1 contract

Samples: Limited Liability Company Agreement (Medley LLC)

Giveback of Excess Distributions. If, as of any date, the aggregate distributions with respect to any Member exceed the amount to which such Member was entitled pursuant to the provisions of Article VII, such Member shall be obligated to return immediately such excess to the Company for re-distribution pursuant to Article VII. Article XLI LXVII Article XLII LXVIII BOOKS AND RECORDS; REPORTS; CONFIDENTIALITY

Appears in 1 contract

Samples: Limited Liability Company Agreement (Medley LLC)

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Giveback of Excess Distributions. If, as of any date, the aggregate distributions with respect to any Member exceed the amount to which such Member was entitled pursuant to the provisions of Article VII, such Member shall be obligated to return immediately such excess to the Company for re-distribution pursuant to Article VII. Article XLI XCIII Article XLII XCIV BOOKS AND RECORDS; REPORTS; CONFIDENTIALITY

Appears in 1 contract

Samples: Limited Liability Company Agreement (Medley LLC)

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