Persons Receiving Distributions. Each Distribution shall be made to the Persons shown on the LLC’s books and records as Unitholders as of the date of such Distribution; provided, however, that any transferor and transferee of Units may mutually agree as to which of them should receive payment of any Distribution under Section 4.1. In the event that restrictions on Transfer or change in beneficial ownership of Units set forth herein have been breached, the LLC may withhold Distributions in respect of the affected Units until such breach has been cured.
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Samples: Limited Liability Company Agreement (Emmis Communications Corp), Limited Liability Company Agreement (Emmis Communications Corp)
Persons Receiving Distributions. Each Distribution shall be made to the Persons shown on the LLCCompany’s books and records as Unitholders as of the date of such Distribution; provided, however, that any transferor and transferee of Units may mutually agree as to which of them should receive payment of any Distribution under Section 4.1. In the event that restrictions on Transfer transfer or change in beneficial ownership of Units set forth herein or in the Securityholders Agreement have been breached, the LLC Company may withhold Distributions distributions in respect of the affected Units until such breach has been cured.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (VWR Funding, Inc.), Limited Liability Company Agreement (VWR, Inc.)
Persons Receiving Distributions. Each Distribution shall be made to the Persons shown on the LLC’s Company's books and records as Unitholders as of the date of such Distribution; provided, however, that any transferor and transferee of Units may mutually agree as to which of them should receive payment of any Distribution under Section 4.1this Article IV. In the event that restrictions on Transfer transfer or change in beneficial ownership of Units set forth herein or any applicable Senior Management Agreement have been breached, the LLC Company may withhold Distributions distributions in respect of the affected Units until such breach has been cured.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Cable One, Inc.)
Persons Receiving Distributions. Each Distribution shall be made to the Persons shown on the LLC’s books and records as Unitholders as of the date of such Distribution; provided, however, that any transferor and transferee of Units may mutually agree as to which of them should receive payment of any Distribution under Section 4.1. In the event that restrictions on Transfer transfer or change in beneficial ownership of Units set forth herein or in the Securityholders Agreement have been breached, the LLC may withhold Distributions distributions in respect of the affected Units until such breach has been cured.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Solera Holdings LLC)