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. 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. 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 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. (a) No Partner shall be entitled to receive distributions from the Partnership, except as provided in Section 5.06, Section 6.09, Section 6.10 and Section 8.02.
(b) A Partner shall cease to be a Partner (i) as of the effective date of the full distribution of all of such Partner’s Capital Account(s), (ii) as of the effective date of the Transfer of all of such Partner’s Interests in accordance with Section 7.01, or (iii) in the event of the dissolution of the Partnership, as of the final distribution of the assets of the Partnership to which such Partner is entitled.
No Right to Distributions. Except Upon Dissolution of the Company. 33 8.4 Distributions Upon Dissolution of the Company. 33 8.5 Valuation of the Company 34 ARTICLE IX TAX MATTERS 36 9.1 Tax Characterization and Returns. 36 9.2 Capital Accounts. 36 9.3 Special Tax Rules 38 9.4 Accounting Decisions 40 9.5 Tax Matters Partner. 41 9.6 Tax Returns 41 9.7 Tax Withholdings 41 (ii)
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
