Common use of Distributable Cash from Operations Clause in Contracts

Distributable Cash from Operations. Distributable Cash from Operations received by the Company shall be declared on the 15th day (or if such day is not a business day, then on the next business day thereafter) prior to the end of each fiscal quarter and distributed on or prior to the 30th day (or if such day is not a business day, then on the next business day thereafter) following the end of each fiscal quarter (the "Operations Distribution Date") by the Managers in the following manner and order of priority: (a) First, to the Class B Member to pay any Overdue Amount; (b) Second, to the Class B Member to pay the Unpaid Class B Member First Preferred Return; (c) Third, to the Class A Members in proportion to and to the extent of each Class A Member's Unpaid Class A Member Preferred Return; (d) Fourth, to the Class B Member to pay the Unpaid Class B Member Second Preferred Return; (e) Fifth, to the Class B Member to pay the Unrepaid Class B Member Capital Contributions; and (f) Sixth, to the Class A Members in proportion to each Class A Member's Membership Interest.