Maintenance of the Status Quo. Unless preliminary relief has been sought and granted pursuant to Section 15.4((a)) above, while a Dispute is pending, the Manager shall continue all operations and distributions of Distributable Cash in accordance with the provisions set forth in this Agreement as if the Dispute had not arisen, except that, a complaining Member’s distributions shall be suspended and held in trust by the Manager pending the outcome of the Dispute.
Appears in 4 contracts
Samples: Operating Agreement (Cardone Equal Opportunity Fund 2, LLC), Operating Agreement (Cardone Equal Opportunity Fund 2, LLC), Amended Operating Agreement (Cardone REIT I, LLC)
Maintenance of the Status Quo. Unless preliminary relief has been sought and granted pursuant to Section 15.4((a)10.4(a) above, while a Dispute is pending, the Manager shall continue all operations and distributions of Distributable Cash in accordance with the provisions set forth in this Agreement as if the Dispute had not arisen, except that, a complaining Member’s distributions shall be suspended and held in trust by the Manager pending the outcome of the Dispute.. OPERATING AGREEMENT OF
Appears in 2 contracts
Samples: Operating Agreement (ADPI Fund I, LLC), Operating Agreement (ADPI Fund I, LLC)
Maintenance of the Status Quo. Unless preliminary relief has been sought and granted pursuant to Section 15.4((a)10.4(a) above, while a Dispute is pending, the Manager shall continue all operations and distributions of Distributable Cash in accordance with the provisions set forth in this Agreement as if the Dispute had not arisen, except that, a complaining Member’s distributions shall be suspended and held in trust by the Manager pending the outcome of the Dispute.
Appears in 2 contracts
Samples: Operating Agreement (ADPI Fund I, LLC), Operating Agreement (Strata Capital Real Estate Opportunity Fund I LLC)
Maintenance of the Status Quo. Unless preliminary relief has been sought and granted pursuant to Section 15.4((a)10.4(a) above, while a Dispute is pending, the Manager shall continue all operations and distributions of Distributable Cash in accordance with the provisions set forth in this Agreement as if the Dispute had not arisen, except that, a complaining Member’s distributions shall be suspended and held in trust by the Manager pending the outcome of the Dispute.
Appears in 1 contract
Samples: Operating Agreement
