Withholding of Distributions Sample Clauses

Withholding of Distributions. Notwithstanding any other provision of this Agreement, the Member (or any Person required or authorized by law to wind up the Company’s affairs) may suspend, reduce or otherwise restrict Distributions of Available Cash and Liquidation Proceeds when, in the Member’s sole opinion, such action is in the best interests of the Company.
AutoNDA by SimpleDocs
Withholding of Distributions. If necessary, the Manager may temporarily cease distributions.
Withholding of Distributions. From the date of the receipt of any instrument relating to Transfer of a Membership Interest or at any time if the Board is reasonably in doubt as to the Person entitled to receive distributions in respect of such Membership Interest, the Board may withhold any such distributions until the Transfer is completed or abandoned or the dispute is resolved.
Withholding of Distributions. From the date of the receipt of any instrument relating to the transfer of a Unit or at any time the Directors are in doubt regarding the person entitled to receive distributions in respect of a Unit, the Directors may withhold any such distributions until the transfer is completed or abandoned or the dispute is resolved.
Withholding of Distributions. From the date of the receipt of any instrument relating to the transfer of a Partnership Interest, or at any time the General Partner is in doubt as to the person entitled to receive distributions in respect of any such Partnership Interest, the General Partner may withhold any such distributions until the transfer is completed or abandoned or any dispute is resolved.
Withholding of Distributions. From the date of the receipt of any instrument relating to the transfer of a Share or at any time the Investment Managers are in doubt regarding the person entitled to receive distributions in respect of a Share, the Directors may withhold any such distributions until the transfer is completed or abandoned or the dispute is resolved.
Withholding of Distributions. Notwithstanding any other provision of this Agreement, the Management Committee (or any Person required or authorized by law to wind up the Company’s affairs) may suspend, reduce or otherwise restrict Distributions of Available Cash, Liquidation Proceeds, or other amounts, when, in the Management Committee’s sole opinion, such action is in the best interests of the Company.
AutoNDA by SimpleDocs
Withholding of Distributions. 28 9.7 Transferor-Transferee Allocations............................................................28 9.8
Withholding of Distributions. From the date of the receipt of any instrument relating to the transfer of a Unit or at any time the Managing General Partners are in doubt regarding the Person entitled to receive distributions in respect of a Unit, the Managing General Partners may withhold any such distributions until the transfer is completed or abandoned or the dispute is resolved.
Withholding of Distributions. Notwithstanding any other provision of this Agreement, a Voting Member Majority (or any Person required or authorized by law to wind up the Company's affairs) may suspend, reduce or otherwise restrict Distributions of Liquidation Proceeds or Additional Distributions for such time as a Voting Member Majority deems appropriate.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!