Special Rules Governing Distributions. Except as otherwise provided in this Agreement or in an Authorizing Resolution establishing a class of Investor Shares (i) any distributions of the Company not expressly payable to the holders of a class of Investor Shares shall be payable to the holders of the Common Shares, (ii) any distributions made to the holders of any class of Investor Shares as a group shall be divided pro rata among such holders based on their respective ownership of the Shares of such class, and (iii) no Member shall have any right to distributions except as may be authorized by the Manager.
Appears in 12 contracts
Samples: Limited Liability Company Agreement (Nv Reit LLC), Limited Liability Company Agreement (Nv Reit LLC), Limited Liability Company Agreement (Energea Portfolio 2 LLC)
Special Rules Governing Distributions. Except as otherwise provided in this Agreement or in an Authorizing Resolution establishing a class of Investor Shares (i) any distributions of the Company not expressly payable to the holders of a class of Investor Shares shall be payable to the holders of the Common Shares, (ii) any distributions made to the holders of any class of Investor Shares as a group shall be divided pro rata among such holders based on their respective ownership of the Shares of such class, and (iii) no Member shall have any right to distributions except as may be authorized by the ManagerBoard.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Skid Row AHP LLC), Limited Liability Company Agreement (Skid Row AHP LLC), Limited Liability Company Agreement (preREO LLC)
Special Rules Governing Distributions. Except as otherwise provided in this Agreement or in an Authorizing Resolution establishing a class series of Investor Shares (i) any distributions of the Company not expressly payable to the holders of a class series of Investor Shares shall be payable to the holders of the Common Shares, (ii) any distributions made to the holders of any class series of Investor Shares as a group shall be divided pro rata among such holders based on their respective ownership of the Shares of such classseries, and (iii) no Member shall have any right to distributions except as may be authorized by the Manager.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Concreit Fund I LLC), Limited Liability Company Agreement (Concreit Fund I LLC), Limited Liability Company Agreement (Money With Meaning Fund, LLC)
Special Rules Governing Distributions. Except as otherwise provided in this Agreement or in an Authorizing Resolution establishing a class series of Investor Shares (i) any distributions of the Company not expressly payable to the holders of a class a series of Investor Shares shall be payable to the holders of the Common Shares, (ii) any distributions made to the holders of any class series of Investor Shares as a group shall be divided pro rata among such holders based on their respective ownership of the Shares of such classseries, and (iii) no Member shall have any right to distributions except as may be authorized by the Manager.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Impact Housing REIT, LLC), 1a 2b (Impact Housing REIT, LLC), 1a 2b (Impact Housing REIT, LLC)
Special Rules Governing Distributions. Except as otherwise provided in this Agreement or in an Authorizing Resolution establishing a class series of Investor Shares (i) any distributions of the Company not expressly payable to the holders of a class of Investor Shares shall be payable to the holders of the Common Shares, (ii) any distributions made to the holders of any class series of Investor Shares as a group shall be divided pro rata among such holders based on their respective ownership of the Shares of such classseries, and (iiiii) no Member shall have any right to distributions except as may be authorized by the Manager.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Property Income Trust LLC)
