Distribution of Capital Proceeds. Capital Proceeds shall be distributed promptly after a Capital Transaction (unless (x) such distribution is not in compliance with law or (y) such distribution would result in a breach of any covenants or undertakings provided by the Company (including covenants or undertakings provided for third party financing) or would, in the opinion of the Members, acting reasonably, be likely to do so during the following twelve (12) months) in the following order of priority:
Distribution of Capital Proceeds. At all times prior to the final liquidation of the Company and distribution of the remaining Company assets pursuant to Article IX, Capital Proceeds shall be determined and distributed to the Members on at least a quarterly basis within ten (10) days following the end of each quarter (or at such other times as the Management Committee determines that funds are available therefor, taking into account the reasonable business needs of the Company) to the Investor and the Operator, each in proportion to its then respective Percentage Interest.
Distribution of Capital Proceeds. Subject to Section 4.8(b) hereof and Section 8.1(e) hereof, Capital Proceeds (less amounts used to pay amounts outstanding under Default Loans and Shortfall Loans under Section 8.1(e) hereof) shall be distributed in accordance with Section 8.1(b) hereof to the Members as follows: (X) for Capital Transactions that do not constitute a Liquidation Event and that either (1) close on or before the seventh (7th) anniversary of the Effective Date or (2) close after such seventh (7th) anniversary and where the previous calendar quarter's Cash on Cash Return for the Project(s) owned by the Subsidiaries following the consummation of the subject Capital Transaction is less than twelve percent (12%) in the aggregate:
Distribution of Capital Proceeds. Subject to the provisions of Section 5.11A(v), Capital Proceeds shall be distributed quarterly, but not prior to the delivery to the Investor Member of the quarterly Company financial statements for the applicable quarter pursuant to Section 10.4A hereof and the payment of all outstanding Operating Expenses as follows:
Distribution of Capital Proceeds. Except as provided in Section 4.4 with respect to the Distribution of Capital Proceeds derived in connection with liquidation of the Company, Capital Proceeds shall be distributed and applied by the Company in the following order and priority:
Distribution of Capital Proceeds. The Capital Proceeds of the Partnership shall be applied first to retirement of the Construction Loan until the Construction Loan has been repaid in full. Thereafter, and subject to Section 10.2(b), the Capital Proceeds of the Partnership shall be distributed to the Partners as soon as practicable after such sale or refinancing in the following order of priority:
Distribution of Capital Proceeds. Except as provided in Section 5.4 hereof, distributions of all or any portion of Capital Proceeds shall be made within thirty (30) days of the event giving rise to the Capital Proceeds, and shall be apportioned among the Members as follows:
Distribution of Capital Proceeds. Capital Proceeds for any particular period, subject to Section 6.4, shall be distributed to the Members in proportion to their respective Sharing Ratios in the Company no less frequently than quarterly.