Distribution of Distributable Funds Sample Clauses

Distribution of Distributable Funds. (a) The Management Committee shall calculate and determine the amount of Distributable Funds for each applicable period. Except as provided in Sections 5.2(b), 6.1 or 13.3 or otherwise provided hereunder, Distributable Funds, if any, shall be distributed to the Members, on a monthly basis based on a calendar year, so long as the Loan is outstanding. Thereafter, such distributions shall be made on the 15th day of each month or from time to time as determined by the Management Committee.
Sample 1Sample 2Sample 3See All (20)
AutoNDA by SimpleDocs
Distribution of Distributable Funds. (a) The Manager shall calculate and determine the amount of Distributable Funds for each applicable period. Except as provided in Sections 5.2(b), 6.1(b) or 13.3 or otherwise provided hereunder, Distributable Funds, if any, shall be distributed to the Members, in proportion to their Percentage Interests, on the 15th day of each month.
Sample 1See All (6)
Distribution of Distributable Funds. Except as provided in Sections 5.2(b), 6.2, 6.3, 6.4 or 13.3 or otherwise provided hereunder, Distributable Funds, if any, shall be distributed to the Partners quarterly or from time to time as determined by the General Partner. Such Distributable Funds shall be distributed in the following order and priority (in each case commencing with clause (a) followed in order by clauses (b) and (c) below, to the extent applicable at the time of such distribution, after taking into account all prior Capital Contributions and distributions, including without limitation, any Capital Contributions made since the date of the immediately preceding distribution):
Sample 1Sample 2
Distribution of Distributable Funds. Within twenty (20) days following the end of each Fiscal Quarter, the Manager shall make a preliminary calculation of the amount of Distributable Funds for such Fiscal Quarter and shall promptly deliver such calculations to the Board for its approval in accordance with Section below. Distributable Funds, if any, shall be distributed to the Members in accordance the provisions of this Agreement within thirty (30) days of the end of the Fiscal Quarter in accordance with each Member’s Percentage Interest as set forth in Section .
Sample 1
Distribution of Distributable Funds. Except as provided in Sections 5.2(b), 6.2, 6.3, 6.4 or 13.3 or otherwise provided hereunder, Distributable Funds, if any, shall be distributed to the Partners quarterly or from time to time as determined by the General Partner, provided that in all cases Distributable Funds shall be separately calculated for each New Acquisition Tranche and the Legacy Acquisitions. Such Distributable Funds shall be distributed in the following order and priority with respect to the Legacy Acquisitions or a New Acquisition Tranche, as applicable (in each case commencing with clause (a) followed in order by clauses (b) and (c) below, to the extent applicable at the time of such Distribution, after taking into account all prior Capital Contributions and distributions, including without limitation, any Capital Contributions made since the date of the immediately preceding distribution):
Sample 1
Distribution of Distributable Funds. From and after the date hereof, Distributable Funds, if any, shall be distributed to the Members at such times as determined by the Members, but not less often than quarterly. Such Distributable Funds shall be distributed to the Members pro rata and pari passu in accordance with their Percentage Interests.
Sample 1
Distribution of Distributable Funds. Except as provided in Section 10.3, Distributable Funds, if any, shall be distributed to the Members not less frequently than each fiscal quarter and at the times determined by the Management Committee as follows:
Sample 1
AutoNDA by SimpleDocs
Distribution of Distributable Funds. In the event cash or cash equivalents held by the JVC exceed the net anticipated cash requirements (excluding such items as reserves and capital expansion plans) of the JVC for the immediately-following semi-annual period (as set forth in the Annual Budget and Business Plan (the “Business Plan”) or any subsequent approved budget), such excess cash shall be applied in the following order: (1) to the repayment of all outstanding loans from Members or its Affiliates to maintain the JVC’s debt/equity ratio required under the then-existing Business Plan; and (2) to the Members as a distribution in accordance with Section 8.2 and 8.3. Any JVC distribution of cash or property must be approved by the JVC Board of Directors and shall be distributed to each Member in proportion to its respective Percentage Interest immediately prior to such distribution.
Sample 1
Distribution of Distributable Funds. (a) General Partner shall cause the Partnership to, as soon as reasonably practical as determined by General Partner in accordance with the Performance Standard (and in any event, no less frequently than quarterly), make Distributions of Distributable Funds to the Partners in the following order of priority:
Sample 1

Related to Distribution of Distributable Funds

  • Distributions of Distributable Cash Except as otherwise provided in Article VII hereof, Distributable Cash for each Fiscal Year may be distributed to the Holders at such times, if any, and in such amounts as shall be determined in the sole discretion of the Trustees. In exercising such discretion, the Trustees shall distribute such Distributable Cash so that Holders that are regulated investment companies can comply with the distribution requirements set forth in Code Section 852 and avoid the excise tax imposed by Code Section 4982.

  • ALLOCATION OF DISTRIBUTION FEE Assuming that the Distribution Fee remains constant over time so that Part IV hereof does not become operative:

  • Payment of Distributions Subject to the rights of holders of Parity Preferred Units and any holders of Partnership Interests issued after the date of issuance of the Series A Preferred Units in accordance herewith ranking senior to the Series A Preferred Units as to the payment of distributions, holders of Series A Preferred Units shall be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash and Capital Transaction Proceeds, cumulative preferential cash distributions at the rate per annum of 8.125% of the original Capital Contribution per Series A Preferred Unit. Such distributions shall be cumulative, shall accrue from the original date of issuance and will be payable (A) quarterly in arrears, on or before March 31, June 30, September 30 and December 31 of each year commencing on June 30, 1998 and, (B), in the event of (i) an exchange of Series A Preferred Units into Series A Preferred Stock, or (ii) a redemption of Series A Preferred Units, on the exchange date or redemption date, as applicable (each a "Preferred Unit Distribution Payment Date"). The amount of the distribution payable for any period will be computed on the basis of a 360-day year of twelve 30-day months and for any period shorter than a full quarterly period for which distributions are computed, the amount of the distribution payable will be computed on the basis of the actual number of days elapsed in such a 30-day month. If any date on which distributions are to be made on the Series A Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on June 30, 1998 and thereafter on the Series A Preferred Units will be made to the holders of record of the Series A Preferred Units on the relevant record dates to be fixed by the Partnership acting through the General Partner, which record dates shall be not less than ten (10) days and not more than thirty (30) Business Days prior to the relevant Preferred Unit Distribution Payment Date (the "Preferred Unit Partnership Record Date").

  • Requirement and Characterization of Distributions; Distributions to Record Holders (a) Within 45 days following the end of each Quarter commencing with the Quarter ending on September 30, 2005, an amount equal to 100% of Available Cash with respect to such Quarter shall, subject to Section 17-607 of the Delaware Act, be distributed in accordance with this Article VI by the Partnership to the Partners as of the Record Date selected by the General Partner. All amounts of Available Cash distributed by the Partnership on any date from any source shall be deemed to be Operating Surplus until the sum of all amounts of Available Cash theretofore distributed by the Partnership to the Partners pursuant to Section 6.4 equals the Operating Surplus from the Closing Date through the close of the immediately preceding Quarter. Any remaining amounts of Available Cash distributed by the Partnership on such date shall, except as otherwise provided in Section 6.5, be deemed to be “Capital Surplus.” All distributions required to be made under this Agreement shall be made subject to Section 17-607 of the Delaware Act.

  • Taxation of Distributions The taxation of Xxxx XXX distributions depends on whether the distribution is a qualified distribution or a nonqualified distribution.

  • Available Funds The Company will distribute its Available Funds to the Member in such amounts and at such times as the Member may determine.

  • Priorities of Distribution (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the Certificates in the following order and priority and, in each case, to the extent of Available Funds remaining:

  • Priority of Distributions On each Distribution Date, the Indenture Trustee shall first reimburse itself for all amounts due under Section 6.7 of the Indenture and then shall make the following deposits and distributions in the amounts and in the order of priority set forth below:

  • Priorities of Distributions Section 5.03

  • Distribution of Cash (a) The Partnership shall distribute cash on a quarterly (or, at the election of the General Partner, more frequent) basis, in an amount determined by the General Partner in its sole and absolute discretion, to the Partners who are Partners on the Partnership Record Date with respect to such quarter (or other distribution period) in accordance with Section 5.2(b).

Time is Money Join Law Insider Premium to draft better contracts faster.