Common use of No Effect on Distributable Cash Clause in Contracts

No Effect on Distributable Cash. The provisions of this Section 6 shall have no relevance whatsoever for purposes of determining each Member’s share of the Company’s Distributable Cash or liquidation proceeds, which shall be determined exclusively in accordance with the provision of Sections 7 and 21, respectively.

Appears in 3 contracts

Samples: Participation and Operating Agreement (Ruby Tuesday of Bryant, Inc.), Participation and Operating Agreement (Ruby Tuesday of Bryant, Inc.), Operating Agreement (Ruby Tuesday of Bryant, Inc.)

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No Effect on Distributable Cash. The provisions of this Section 6 shall have no relevance whatsoever for purposes of determining each Member’s share of the Company’s Distributable Cash or liquidation proceeds, which shall be determined exclusively in accordance with the provision of Sections 7 and 2118, respectively.

Appears in 1 contract

Samples: Participation And (Ruby Tuesday of Bryant, Inc.)

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