Cash Distributions Prior to Dissolution. The Board of Directors shall have the right to determine the amount, if any, that should be distributed to the Member each year; provided, however, that no distribution shall be permitted to the extent prohibited by the Act. No distribution shall be determined a return or withdrawal of a capital contribution unless so designated by the Member or board of Directors.
Cash Distributions Prior to Dissolution. (a) Cash Flow Subject to Agency and Lender approval (if required), Cash Flow for each fiscal year or portion thereof of the Partnership shall be applied as follows:
Cash Distributions Prior to Dissolution. (a) The Managers shall have the right to determine how much Net Cash Flow, if any, of the Company shall be distributed among the Members each year; provided, however, if such Net Cash Flow is otherwise available, the Managers shall distribute to the Members an amount of Net Cash Flow sufficient for the Members to satisfy their respective income tax liabilities arising by virtue of the allocations in Schedule B hereof, assuming each Member is subject to tax at the highest marginal federal tax bracket for married individuals filing jointly and at the highest such marginal rate applicable to Missouri residents. Any Net Cash Flow of the Company to be distributed shall be distributed among the Members, pro rata in proportion to their respective Percentage Interests.
Cash Distributions Prior to Dissolution. (a) Cash Flow Subject to any Requisite Approvals and the provisions of the Bond Loan Documents and Letter of Credit Documents, Cash Flow for each Fiscal Year or portion thereof shall be applied as follows (i) prior to the Completion Date, Cash Flow shall be deposited with the Trustee to be disbursed pursuant to the Trust Indenture and (ii) from and after the Completion Date: First, to the payment of the Asset Management Fee for such Fiscal Year and for any previous Fiscal Year(s) as to which the Asset Management Fee shall not yet have been paid in full; Second, to the payment of any unpaid portion of the Development Fee; Third, to the repayment of any Subordinated Loans; Fourth, to the payment of the Partnership Management Fee for such Fiscal Year and for any previous Fiscal Year(s) as to which the Partnership Management Fee shall not yet have been paid in full; and Fifth, the balance thereof, if any, shall be distributed annually, seventy-five (75) days after the end of the Fiscal Year, 10% to the Investment Limited Partner and 90% to the General Partner. (b) Distributions of Capital Proceeds Prior to dissolution, if Capital Proceeds are available for distribution from a Capital Transaction, such Capital Proceeds shall be applied or distributed as follows: First, to the payment of all matured debts and liabilities of the Partnership (including, but not limited to, all expenses of the Partnership incident to such Capital Transaction), excluding (i) debts and liabilities of the Partnership to Partners or their Affiliates, (ii) all unpaid fees owing to the General Partner or its Affiliates and (iii) notes delivered and payable pursuant to Section 7.8(b)(i) and (ii); and to the establishment of any reserves which the General Partner and the Auditors shall deem reasonably necessary for contingent, unmatured or unforeseen liabilities or obligations of the Partnership; Second, to the payment of any accrued and unpaid Asset Management Fees; Third, to the payment to the Investment Limited Partner of the full amount (including interest) of any Credit Recovery Loans; Fourth, to the repayment of any Subordinated Loans; Fifth, to the repayment of any remaining unpaid debts and liabilities owed to Partners or Affiliates thereof by the Partnership for Partnership obligations (exclusive of Credit Recovery Loans and Subordinated Loans) to any of them, including, but not limited to, accrued and unpaid amounts due in respect of any and all fees (including but not limited to...
Cash Distributions Prior to Dissolution. TC 10.2 Cash Distributions Prior to Dissolution \f C \l 2
Cash Distributions Prior to Dissolution. A. All Net Operating Cash Income of the Partnership for each fiscal year shall be distributed quarterly as follows: ninety-nine percent (99%) to the Partners, with each Partner sharing in such Net Operating Cash Income in the ratio that his Capital Contribution bears to the total Capital Contributions of all Partners; and one percent (1%) to the Individual General Partners, with each Individual General Partner sharing in such Net Operating Cash Income in the ratio that his Capital Contribution as an Individual General Partner bears to the total Capital Contributions of all Individual General Partners.
Cash Distributions Prior to Dissolution. (a) Cash Flow Subject to Lender and Agency approval (if required), Cash Flow for each fiscal year or portion thereof of the Partnership shall be applied in the following priority: First, $5,000 to the pro rata payment of the Asset Management Fee for such year and the Missouri Asset Management Fee for such year; Second, an annual payment in an amount to be determined by the General Partners may be applied to reduce the outstanding balance of the First Mortgage; Third, to the repayment of the principal amount of any Subordinated Loans; Fourth, to the payment of the Annual Partnership Management Fee for such year; Fifth, 60% of remaining Cash Flow shall be applied toward the payment of the Management Incentive Fee for such year; and Sixth, the balance thereof, if any, shall be distributed annually, within 75 days after the end of the fiscal year, 20% to the Investment Limited Partner and 80% to the General Partners; provided, however, that during such time as any Agency and Lender regulations are applicable to the Apartment Complex, the total amount of Cash Flow which may be so distributed to the Partners in respect to any fiscal year shall not exceed such amounts as any Agency and Lender regulations permit to be distributed.
Cash Distributions Prior to Dissolution. (a) The Managers, after consultation with, and approval of, the Majority in Interest, shall have the right to determine how much Net Cash Flow, if any, of the Company shall be distributed among the Members; provided, however: (i) such distributions in any calendar year shall be no less than 30.0% of the Company's net profit in such calendar year, and (ii) if such Net Cash Flow is otherwise available, the Company shall distribute to the Members an amount of Net Cash Flow sufficient for the Members to satisfy their respective income tax liabilities arising by virtue of the allocations in Schedule B hereof. Any Net Cash Flow of the Company to be distributed shall be distributed among the Members pro rata in proportion to their respective shares of all Members’ Membership Interests in the Company.
Cash Distributions Prior to Dissolution. (a) The Managers shall have the right to determine how much Net Cash Flow, if any, of the Company shall be distributed among the Members each year; provided, however, if such Net Cash Flow is otherwise available, the Managers shall distribute to the Members an amount of Net Cash Flow sufficient for the Members to satisfy their respective income tax liabilities arising by virtue of the allocations in Schedule B hereof, assuming each Member is subject to tax at the highest marginal federal tax bracket for married individuals filing jointly and at the highest such marginal rate applicable to Missouri residents. Any Net Cash Flow of the Company to be distributed shall be distributed among the Members, pro rata in proportion to their respective Percentage Interests. Notwithstanding the foregoing, Class A-1 Members shall, unless prohibited by applicable law, have the following discretionary distribution preferences: (i) no distributions may be made to the Class A Members, the Class B Members or the Class C Members without making the same pro-rata distributions on a per Unit basis to the Class A-1 Members: and (ii) the Managers may, in their sole discretion, declare distributions to the Class A-1 Members without declaring the same per Unit distribution to the Class A Members, the Class B Members or the Class C Members, up to a maximum cumulative total to all Class A-1 Members as a class in the amount of $1,000,000.00.
Cash Distributions Prior to Dissolution. (a) Subject to Article 6, the Board of Directors shall determine the amount and frequency of dividends, if any, of the Company that shall be distributed among the Shareholders each year in accordance with the Shareholders pro-rata ownership of the Common Shares. Although not required to approve the distribution of dividends in accordance with Sections 4.1(a)(i) and (ii) below, the Board of Directors shall use Sections 4.1(a)(i) and (ii) below as a guideline for the determination of the amount and frequency of dividends, if any, of the Company that shall be distributed:
