Splits. (a) Subject to paragraph (c) of this Section and Section 3.4, and unless otherwise provided in any Interest Designation, the Company may make a pro rata distribution of Interests of a Series to all Record Holders of such Series, or may effect a subdivision or combination of Interests of any Series, in each case, on an equal per Interest basis and so long as, after any such event, any amounts calculated on a per Interest basis or stated as a number of Interests are proportionately adjusted.
Appears in 53 contracts
Samples: Series Limited Liability Company Agreement (Wahed Real Estate Series 1 LLC), Series Limited Liability Company Agreement (Whimsy Properties LLC), Series Limited Liability Company Agreement (Paradyme Fund a Ii, LLC)
Splits. (a) Subject to paragraph (cSection 3.07(c) of this Section and Section 3.43.04, and unless otherwise provided in any Interest Designation, the Company may make a pro rata distribution of Interests of a Series to all Record Holders of such Series, or may effect a subdivision or combination of Interests of any Series, in each case, on an equal per Interest basis and so long as, after any such event, any amounts calculated on a per Interest basis or stated as a number of Interests are proportionately adjusted.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Neptune REM, LLC), Limited Liability Company Agreement (Neptune REM, LLC), Limited Liability Company Agreement (Neptune REM, LLC)
Splits. (a) Subject to paragraph (cSection 3.06(c) of this Section and Section 3.4, and unless otherwise provided in any Interest Designation3.03, the Company may make a pro rata distribution of Interests of a Series to all Record Holders of such SeriesHolders, or may effect a subdivision or combination of Interests of any SeriesInterests, in each case, on an equal per per-Interest basis and so long as, after any such event, any amounts calculated on a per per-Interest basis or stated as a number of Interests are proportionately adjusted.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Public Luxury Handbag Portfolio LLC), Limited Liability Company Agreement (Public Shrek Royalties LLC), Limited Liability Company Agreement (Public 1997 Michael Jordan PMG LLC)
Splits. (a) Subject to paragraph (c) of this Section and Section 3.4, and unless otherwise provided in any Interest Designationoffering materials, the Company may make a pro rata distribution of Interests of a Series to all Record Holders of such SeriesHolders, or may effect a subdivision or combination of Interests of any SeriesInterests, in each case, on an equal per Interest basis and so long as, after any such event, any amounts calculated on a per Interest basis or stated as a number of Interests are proportionately adjusted.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bran Urban Growth Fund LLC)
Splits. (a) Subject a)Subject to paragraph (c) of this Section and Section 3.4, and unless otherwise provided in any Interest Designation, the Company may make a pro rata distribution of Interests of a Series to all Record Holders of such Series, or may effect a subdivision or combination of Interests of any Series, in each case, on an equal per Interest basis and so long as, after any such event, any amounts calculated on a per Interest basis or stated as a number of Interests are proportionately adjusted.
Appears in 1 contract
Samples: Property Management Agreement (Getaway Collection LLC)
