Common use of Persons Receiving Distributions Clause in Contracts

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.

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.

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.

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.