Distribution of Cash Flow. Subject to the provisions of Section 5.11A(v), Cash Flow shall be applied and distributed within one hundred twenty (120) days after the close of each Fiscal Year to and among the Members in the following amounts and order of priority:
Distribution of Cash Flow. In each fiscal year, Cash Flow of the Company shall be distributed to the Interest Holders in equal amounts until such time as the amount distributed to each Interest Holder reaches $120,000; thereafter, Cash Flow of the Company shall be distributed to the Interest Holders in proportion to their Percentages. Cash Flow of the Company shall be distributed at such times as are determined by the Members. Each fiscal year, every effort shall be made to provide Members with distributions sufficient to pay any tax liability they may have by virtue of their Economic Interest.
Distribution of Cash Flow. All Cash Flow distributable other than in connection with the dissolution of the Company (as to any Member) or the termination and winding up of the Company (as to all of the Members) shall be distributed in proportion to their respective aggregate Capital Contribution to the Company.
Distribution of Cash Flow. Subject to Section 7.02, Cash Flow of the Company, if any, for each fiscal year shall be determined by the Members and, distributed to the Members in proportion to their respective Percentage Interests within forty-five (45) days of the quarters ending March 31st, June 30th and September 30th, respectively, for such fiscal year and within ninety (90) days of December 31st of such fiscal year (or at such more frequent intervals as reasonably determined by the Members).
Distribution of Cash Flow. Distributions may be declared from time to time by the Members pursuant to Section 4.2 hereof, provided, however, that the Managing Manager shall automatically cause the Company to distribute, on or before April 15 of each year, the amount required to pay each Members estimated federal, state, and local tax liability arising from the profits of the Company, which shall be calculated at forty percent (40%) of the Companys profits and shall be made in accordance with Actual Unit Ownership except that Distribution in anticipation of a Dissolution Event or subsequent to a Dissolution Event shall be made as provided in Section 10.2 hereof.
Distribution of Cash Flow. Borrower shall cause all Gross Operating Income to be applied on a monthly basis for the following purposes and in the following order of priority:(ix) First, to establish and fund the Tax and Insurance Reserve;(x) Next, to Lender to make the monthly interest payments due and payable on the Loan;(xi) Next, to Lender for the payment of any other amounts then due and payable under the Loan Documents;(xii) Next, to the payment of the Permitted Operating Expenses; (xiii) Next, to the Tax and Insurance Reserve in accordance with Section 2.4(b) hereof;(xiv) Next, to the FF&E Reserve in accordance with Section 2.4(d) hereof; and(xv) Next, to the Capital Improvement Reserve in accordance with Section 2.4(c) hereof;(xvi) Then, provided Borrower is not obligated to make Excess Cash Flow Deposits under Section 2.4(c) or 9.12, the balance of the Gross Operating Income, if any, to Borrower.SUBJECT TO THE PROVISIONS OF SECTION 3 OF THE NOTE, IN THE EVENT THAT GROSS OPERATING INCOME SHALL NOT BE SUFFICIENT TO ENABLE BORROWER TO MAKE ANY OF THE PAYMENTS DESCRIBED IN SUBPARAGRAPHS (i) THROUGH (vi) ABOVE, BORROWER SHALL BE AND REMAIN OBLIGATED TO MAKE SUCH PAYMENTS FROM OTHER SOURCES.
Distribution of Cash Flow. Subject to repayment of any Default Loans pursuant to Sections 3.04(a), Ordinary Cash Flow realized by the Company for each fiscal year (or part thereof) shall be distributed monthly to the Members in proportion to their respective Percentage Interests.