Common use of Allocation of Profit or Loss From Operations and Distributions of Available Cash Clause in Contracts

Allocation of Profit or Loss From Operations and Distributions of Available Cash. (a) Available Cash. --------------- (i) For the first year of operation of the Company, the Members agree that the Company shall make quarterly distributions of Available Cash, if any. (ii) After the first year of operation of the Company, it shall be the policy of the Company to return to its Members as distributions that amount of Available Cash as is consistent with sound management and the Company's current and anticipated future capital requirements. (iii) For any fiscal year of the Company in which a distribution is made, Available Cash shall be distributed to the Members in proportion to their respective share of the Profits for such taxable year as determined under Section 4.02(b). (b)