Return of Distributions. Any Member receiving a Distribution in violation of the terms of this Agreement shall return that Distribution (or cash equal to the net fair value of any property so distributed, determined as of the date of Distribution) promptly following the Member's receipt of a request to return the Distribution from the Manager. No third party will be entitled to rely on the obligations to return Distributions set forth in this Agreement or to demand that the Company or any Member make any request for any return.
Appears in 6 contracts
Samples: Limited Liability Company Operating Agreement, Operating Agreement, Limited Liability Company Agreement
Return of Distributions. Any Member receiving a Distribution in violation of the terms of this Agreement shall return that Distribution (or cash equal to the net fair value of any property so distributed, determined as of the date of Distribution) promptly following the Member's ’s receipt of a request to return the Distribution from the ManagerAdministrator or from any other Member. No third party will be entitled to rely on the obligations to return Distributions set forth in this Agreement or to demand that the Company Fund or any Member make any request for any return.
Appears in 5 contracts
Samples: Subscription Agreement, Subscription Agreement, Subscription Agreement
Return of Distributions. Any Member receiving a Distribution in violation of the terms of this Agreement shall return that Distribution (or cash equal to the net fair value of any property so distributed, determined as of the date of Distribution) promptly following the Member's ’s receipt of a request to return the Distribution from the ManagerManager or from any other Member. No third party will be entitled to rely on the obligations to return Distributions set forth in this Agreement or to demand that the Company Fund or any Member make any request for any return.
Appears in 5 contracts
Samples: Purchase Agreement, Purchase Agreement, Purchase Agreement
Return of Distributions. Any Member receiving a Distribution in violation of the terms of this Agreement shall return that Distribution (or cash equal to the net fair value of any property so distributed, determined as of the date of Distribution) promptly following the Member's receipt of a request to return the Distribution from the ManagerManager or from any other Member. No third party will be entitled to rely on the obligations to return Distributions set forth in this Agreement or to demand that the Company Fund or any Member make any request for any return.
Appears in 5 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement
Return of Distributions. Any Member receiving a Distribution in violation of the terms of this Agreement shall return that such Distribution (or cash equal to the net fair value of any property so distributed, determined as of the date of Distributiondistribution) promptly following the Member's ’s receipt of a request to return the Distribution therefor from the ManagerManager or from any other Member. No third party will shall be entitled to rely on the obligations to return Distributions set forth in this Agreement herein or to demand that the Company or any Member make any request for any return.such return.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
Return of Distributions. Any Member receiving a Distribution in violation of the terms of this Agreement shall return that Distribution (or cash equal to the net fair value of any property so distributed, determined as of the date of Distribution) promptly following the Member's ’s receipt of a request to return the Distribution from the ManagerManager or from any other Member. No third party will be entitled to rely on the obligations to return Distributions set forth in this Agreement or to demand that the Company or any Member make any request for any return.
Appears in 1 contract
Samples: Individual Series Limited Liability Company Agreement (Freeport Holdings Series LLC)
Return of Distributions. Any Member receiving a Distribution in violation of the terms of this Agreement shall return that such Distribution (or cash equal to the net fair value of any property so distributed, determined as of the date of Distributiondistribution) promptly following the Member's ’s receipt of a request to return the Distribution therefor from the ManagerManager or from any other Member. No third party will shall be entitled to rely on the obligations to return Distributions set forth in this Agreement herein or to demand that the Company or any Member make any request for any such return.
Appears in 1 contract
