Sharing of Distributions. The Members are entitled to receive distributions of cash or other assets from the Company when approved by the action of all Members. The Company may not make any distribution that will impair the ability of the Company to pay its debts and obligations as they mature. Any distributions shall be made on the basis of the current membership interest of the Members.
Appears in 39 contracts
Samples: Multi Member Operating Agreement, Multi Member Operating Agreement, Multi Member Operating Agreement
