No Interim Distributions. Other than as specified in Section 13, no Member shall be entitled to distributions from the Assets in respect of their Member Interests, it being understood that payments of fees, reimbursement of expenses, repayment of principal and interest under the Credit Agreement and other payments to FRBNY contemplated by the Operative Documents will not be deemed distributions in respect of its Membership Interest.
Appears in 13 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement
No Interim Distributions. Other than as specified in Section 13, no Member shall be entitled to distributions from the Assets in respect of their Member Interests, it being understood that payments of fees, reimbursement of expenses, repayment of principal and interest under the Credit Agreement and other payments to FRBNY FRBB contemplated by the Operative Documents will not be deemed distributions in respect of its Membership Interest.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement
