Common use of Ordinary Distributions Clause in Contracts

Ordinary Distributions. Subject to the provisions of Section 6.4 upon the approval of a majority of the Board, the Company may make distributions (in amounts to be determined by the Board) to Members in proportion to their respective Common Interest Percentages.

Appears in 9 contracts

Samples: Limited Liability Company Operating Agreement (Travelport Holdings, LLC /DE/), Limited Liability Company Operating Agreement (S.D. Shepherd Systems, Inc.), Limited Liability Company Operating Agreement (S.D. Shepherd Systems, Inc.)

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