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.
Appears in 6 contracts
Samples: Operating Agreement (Sunoco LP), Operating Agreement (Energy Transfer Partners, L.P.), Contribution Agreement (Sunoco LP)
Withholding of Distributions. From the date of the receipt of any instrument relating to Transfer Disposition 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 Disposition is completed or abandoned or the dispute is resolved.
Appears in 1 contract
Samples: Limited Liability Company Agreement (TransMontaigne Partners L.P.)
