Incorrect Distributions. To the extent distributions pursuant to this Article VIII were incorrectly made, as determined by the financial records of the Company, the recipients shall promptly repay all incorrect payments and, to the extent the recipients do not repay all incorrect payments, the Company shall have the right to set off any current or future sums owing to such recipients against any such incorrectly paid amount.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Petro River Oil Corp.), Limited Liability Company Agreement (Bitzumi, Inc.), Subscription Agreement (Petro River Oil Corp.)
Incorrect Distributions. To the extent distributions pursuant to this Article VIII V were incorrectly made, as determined by the financial records statements of the Company, the recipients shall promptly repay all incorrect payments and, to the extent the recipients do not repay all incorrect payments, and the Company shall have the right to set off any current or future sums owing to such recipients against any such incorrectly paid amount.
Appears in 2 contracts
Samples: Operating Agreement (Amerifirst Fund I LLC), Operating Agreement (Global Express Capital Real Estate Investment Fund I LLC)
