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.
Appears in 3 contracts
Samples: Operating Agreement (30 West Pershing, LLC), Operating Agreement (30 West Pershing, LLC), Limited Liability Company Agreement (30 West Pershing, LLC)
Withholding of Distributions. Notwithstanding any other provision of this Agreement, except with respect to Distributions described in Section 4.1(a), the Management Committee (or any Person required or authorized by law to wind up the Company’s 's affairs) may suspend, reduce or otherwise restrict Distributions of Available Cash, Cash and Liquidation Proceeds, or other amounts, Proceeds when, in the Management Committee’s its sole opinion, such action is in the best interests of the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (R H Donnelley Corp)
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, Cash and Liquidation Proceeds, or other amounts, Proceeds when, in the Management Committee’s its sole opinion, such action is in the best interests of the Company.
Appears in 1 contract
