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. l(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 or from time to time as determined by the Manager.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)
Distribution of Distributable Funds. (a) The Manager Management Committee shall calculate and determine the amount of Distributable Funds for each applicable period. Except as provided in Sections 5.2(b), 6. l(b6.1(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 or from time to time as determined by the Managermonth.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bluerock Enhanced Multifamily Trust, Inc.)
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(b4.2(b), 6. l(b5.1(b) or 13.3 or otherwise provided hereunder, Distributable Funds, if any, shall be distributed to the Members, in proportion to their Percentage Interests, Interests on the 15th day of each month or from time to time as determined by the Managermonth.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Medalist Diversified REIT, Inc.)
