No Distribution Upon Resignation. Upon resignation, no resigning Member shall be entitled to receive any distribution or otherwise be entitled to receive the fair value of its Interest; provided, however, that upon any redemption, exchange or other repurchase by the Company, such Member shall be entitled to receive the amount payable by the Company in connection with such redemption, exchange or other repurchase.
Appears in 6 contracts
Samples: Limited Liability Company Operating Agreement (Northstar Capital Investment Corp /Md/), Limited Liability Company Operating Agreement (Northstar Capital Investment Corp /Md/), Limited Liability Company Agreement (Zell Samuel)
No Distribution Upon Resignation. Upon -------------------------------- resignation, no resigning Member shall be entitled to receive any distribution or otherwise be entitled to receive the fair value of its Interest; provided, however, that upon any redemption, exchange or other repurchase by the Company, such Member shall be entitled to receive the amount payable by the Company in connection with such redemption, exchange or other repurchase.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Reckson Services Industries Inc)
No Distribution Upon Resignation. Upon resignation, no resigning Member shall be entitled to receive any distribution or otherwise be entitled to receive the fair value of its Interest; provided, however, that upon any redemption, exchange or other repurchase by the Company, such Member shall be entitled to receive the amount payable by the Company in connection with such redemption, exchange or other repurchase.upon
Appears in 1 contract
No Distribution Upon Resignation. Upon resignation, no resigning Member shall be entitled to receive any distribution or otherwise be entitled to receive the fair value of its Interest; provided, however, that upon any redemption, exchange or other repurchase by the Company, such Member shall be entitled to receive the amount payable by the Company in connection with such redemption, exchange or other repurchase.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Frontline Capital Group)
