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.
Appears in 3 contracts
Samples: Operating Agreement (Technology Funding Venture Capital Fund Vi LLC), Operating Agreement (Technology Funding Venture Capital Fund Vi LLC), Operating Agreement (Technology Funding Venture Capital Fund Vi LLC)
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 Manager is 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.
Appears in 2 contracts
Samples: Form of Operating Agreement (Vcvillage Com Opportunity Fund LLC), Form of Operating Agreement (Vcvillage Com Opportunity Fund LLC)
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 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.
Appears in 1 contract
Samples: Operating Agreement (Technology Funding Venture Capital Fund Vi LLC)
