Common use of Time of Distributions Clause in Contracts

Time of Distributions. Distributions shall be made to the Members as soon as possible after the Manager's determination of the availability of cash for such purposes, which determination shall be within the reasonable discretion of the Manager.

Appears in 4 contracts

Samples: Operating Agreement (Salem Communications Corp /De/), Operating Agreement (Salem Communications Corp /De/), Operating Agreement (Salem Communications Corp /De/)

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Time of Distributions. Distributions shall be made to the Members Member as soon as possible after the Manager's determination of the availability of cash for such purposes, which determination shall be within the reasonable discretion of the Manager.

Appears in 1 contract

Samples: Operating Agreement (Salem Communications Corp /De/)

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