Distributions and Reserves Sample Clauses

Distributions and Reserves. 21- 6.3 Accounting Matters..................................................... -23- 6.4 Tax Status and Returns................................................. -23- 6.5 Tax Matters Partner.................................................... -23- 6.6 754 Election........................................................... -24- 6.7 Partnership Classification............................................. -24- ARTICLE 7 TRANSFER OF INTERESTS; ADMISSION AND RESIGNATION OF PARTNERS........... -24- 7.1 Transfer of Interests.................................................. -24- 7.2 Right of First Refusal................................................. -25- 7.3 Exempt Transfers....................................................... -26- 7.4 Legend................................................................. -27- 7.5 Admission of New Partners.............................................. -27- 7.6
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Distributions and Reserves. 158. The Company in general meeting may declare dividends, but no dividends shall exceed the amount recommended by the Directors.
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Distributions and Reserves. 137. Subject to the Companies Act, these Articles, and the special rights attaching to Shares of any class, the Directors may, in their absolute discretion, declare dividends and distributions on Shares in issue and authorise payment of the dividends or distributions out of the funds of the Company lawfully available therefor. No dividend or distribution shall be paid except out of the realised or unrealised profits of the Company, or out of the Share Premium Account, or as otherwise permitted by the Companies Act.
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Distributions and Reserves. 140. Subject to the Companies Act, these Articles, and any rights and restrictions for the time being attached to any class or classes of Shares, the Directors may, in their absolute discretion, declare dividends and distributions on Shares in issue and authorise payment of the dividends or distributions out of the funds of the Company lawfully available therefor. No dividend or distribution shall be paid except out of the realised or unrealised profits of the Company, or out of the Share Premium Account, or as otherwise permitted by the Companies Act. Subject to any rights and restrictions for the time being attached to any class or classes of Shares and these Articles, the Company by Ordinary Resolution may declare dividends out of the funds of the Company lawfully available therefor, but no dividend shall exceed the amount recommended by the Directors.
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Distributions and Reserves. 9.06 The Budget and Operating Plan
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Distributions and Reserves. The Budget and Operating Plan will contain provisions governing the payment of distributions (in accordance with Section 6.03) and establishment of reserves (“Reserve Accounts”), provided, that, the Managing Member may require reserves be established in excess of the Reserve Accounts to the extent the Managing Member reasonably determines that said amounts are required to satisfy (i) requirements of applicable law, or (ii)
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Distributions and Reserves 
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Related to Distributions and Reserves

  • DISTRIBUTIONS AND REPURCHASES No distribution, payment or dividend of any kind will be declared or paid by Company, nor will any repurchase of any of Company's capital stock be approved or effected.

  • Distributions in Liquidation Following the dissolution of the Company and the commencement of winding up and the liquidation of its assets, distributions to the Members shall be governed by Section 12.2.

  • Administration and Reserves (a) Notwithstanding the provisions of Article III, but subject to any contrary provisions of any Related Agreement, from and after the Distribution Date:

  • Distributions; Investments Directly or indirectly acquire or own any Person, or make any Investment in any Person, other than Permitted Investments, or permit any of its Subsidiaries to do so. Pay any dividends or make any distribution or payment or redeem, retire or purchase any capital stock.

  • Capital Contributions Distributions 10 SECTION 5.1

  • DISTRIBUTIONS AND ADVANCES Section 5.01

  • Distributions in General Except as otherwise provided in Article 7 hereof and subject to Sections 17-607 and 17-804 of the Act, for any fiscal year all Cash Available for Distribution, net proceeds from any Terminating Capital Transaction and Financing Proceeds shall be distributed to the Partners at least quarterly.

  • Distributions and Allocations All distributions of cash or other property (except upon the Company's dissolution, which shall be governed by the applicable provisions of the Act and Article IX hereof) and all allocations of income, profits, and loss shall be made 100% to the Member in accordance with its Membership Interest. All amounts withheld pursuant to the Code or any provisions of state or local tax law with respect to any payment or distribution to the Member from the Company shall be treated as amounts distributed to the Member pursuant to this Section 7.3. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable law.

  • Distributions of Cash Flow Cash flow for each taxable year of the Company shall be distributed to the Member at such times and in such amounts as the Member shall determine.

  • Capital Contributions and Accounts ..................................................12 4.01 Capital Contributions.............................................................12 4.02 Additional Capital Contributions and Issuance of Additional Partnership Interests.........................................................................12 4.03

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