Withdrawals and Distributions in General. No Non-Managing Member shall be entitled (i) to receive distributions from the Company, or (ii) to withdraw any amount from such Non-Managing Member’s Capital Account, except as provided in this Article 4, or with the consent of and upon such terms as may be specified by, the Managing Member in its sole and absolute discretion.
Appears in 5 contracts
Samples: Limited Liability Company Operating Agreement (DLP Positive Note Fund LLC), Limited Liability Company Operating Agreement (DLP Positive Note Fund LLC), Limited Liability Company Operating Agreement (DLP Positive Note Fund LLC)
