Common use of Withholding of Distributions Clause in Contracts

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 Transfer of a Unit Membership Interest or at any time if the Directors are Managing Member is reasonably in doubt regarding as to the person Person entitled to receive distributions in respect of a Unitsuch Membership Interest, the Directors Company may withhold any such distributions until the transfer 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 Board 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.