No Right to Distributions. No Member shall have the right to demand or receive distributions of any amount, except as expressly provided in this Article VI.
No Right to Distributions. No member shall have the right to demand distributions of any amount of its capital contributions, except as expressly provided in this Article 6.
No Right to Distributions. Except as otherwise provided in this Agreement, no Stockholder shall have any right to distributions except as may be authorized by the Board of Directors. Without limiting the preceding sentence, no Stockholder shall have the right to a return of such Stockholder’s capital or the right to receive distributions in a form other than cash.
No Right to Distributions. Except as otherwise provided in this Agreement, no Member shall have any right to distributions except as may be authorized by the Manager. Without limiting the preceding sentence, no Member shall have the right to a return of such Member’s capital or the right to receive distributions in a form other than cash.
No Right to Distributions. Upon the consummation of each Closing, Seller forever releases and waives all its rights and claims with respect to the transferred Sale Stock, including, without limitation, all rights to distributions, dividends, refunds, patronage refunds or other distributions of any kind or nature, whether known or unknown, and however arising, except (i) the final payment of the fiscal year’s patronage to be paid in the October following such Closing, and (ii) the contingent purchase price payments described in Section 1.1.
No Right to Distributions. No Member shall have the right to demand or receive distributions of any amount, except as expressly provided in this Article 4.
No Right to Distributions. Beneficiaries have a right to receive distributions only if, when and to the extent the Board of Trustees has declared or approved the distribution, or the Board of Trustees has approved a program or policy that provides for the distribution without further approval by the Board of Trustees. Notwithstanding the power of the Board of Trustees to use principal and/or income to make distributions, the Board of Trustees may in its absolute discretion determine not to distribute principal and/or income and to retain principal and/or income in the Trust, establish reserves for future use. The Board of Trustees in its absolute discretion may change or cancel any policy without regard to whether it results in unequal treatment of current, past, future or potential Beneficiaries.
No Right to Distributions. No Person has a right to any distribution of excess cash or any other asset from the DAO other than (i) a distribution on termination of the DAO; or (ii) as approved by an Act of Members. If any distribution is made, the distribution shall be allocated according to Membership Interest Percentages outstanding at the date of distribution.
No Right to Distributions. 24 Section 6.4 Distributions..................................................24 Section 6.5 Withholding....................................................24 Section 6.6 Restrictions on Distributions..................................25
No Right to Distributions. Except as described in Sections 7.1 and 7.2, no Member shall have the right to withdraw any amount from its Capital Account, or to receive any distribution or return of capital, without the Approval of the Management Committee
