Rights of Creditor. Except to the extent required by applicable statute, no Company Interest (including any economic interest of the Company) shall be subject to foreclosure, even if it shall be proven that distributions under a charging order obtained by a creditor will not pay the creditor within a reasonable period of time. The capital needs, operating expenses and reserves of the Company shall all be taken into account when determining the time period that is reasonable.
Appears in 3 contracts
Samples: Operating Agreement (RMR Group Inc.), Operating Agreement (RMR Group Inc.), Operating Agreement (Reit Management & Research Inc.)
Rights of Creditor. Except to the extent required by applicable statute, no Company Interest (including any economic interest of the Company) shall be subject to foreclosure, even if it shall be proven that distributions under a charging order obtained by a creditor will not pay the creditor within a reasonable period of time. The capital needs, operating expenses and reserves of the Company shall all be taken into account when determining the time period that is reasonable.. ARTICLE IV DISTRIBUTIONS Section 4.01
Appears in 1 contract
Samples: Operating Agreement
