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.
Distributions of Distributable Cash. Within 40 days following the end of each Quarter commencing with the Quarter that includes the IPO Date, the Partnership shall distribute to the Partners pro rata in accordance with their respective Percentage Interests an amount equal to 100% of Distributable Cash. Notwithstanding any other provision of this Agreement, the Partnership shall not make a distribution to any Partner on account of its interest in the Partnership if such distribution would violate the Delaware Act or other Applicable Law.
Distributions of Distributable Cash. Each distribution of Distributable Cash shall be made to the Members as follows:
Distributions of Distributable Cash. . . 5 Section 4.2
Distributions of Distributable Cash. Except as otherwise provided in this Section 6.1 or Sections 6.2 and 6.3, the Partnership shall distribute the Distributable Cash with respect to a Quarter within 45 days following the end of each Quarter commencing with the Quarter that includes the Effective Date as follows:
Distributions of Distributable Cash. Except as provided in Sections 4.4 and 4.5, all distributions of Distributable Cash shall be made to the Members in the following order of priority:
Distributions of Distributable Cash. Within forty (40) days following the end of each Quarter, the Company shall distribute to the Members an amount equal to 100% of Distributable Cash in the following order of priority:
Distributions of Distributable Cash. The Company shall make distributions of Distributable Cash to the Members from time to time in the discretion of the Management Committee, which distributions shall be made to the Members in accordance with their respective Percentage Interests.
Distributions of Distributable Cash. Subject to the provisions of Article XI above, all distributions of Distributable Cash shall be made to the Members on a periodic basis but not less frequently than quarterly in the following amounts and in the following order of priority:
Distributions of Distributable Cash. The Series Members may receive Distributable Cash from the Series. “Distributable Cash” shall mean net proceeds after the payment of certain liabilities, expenses or contractual obligations and sufficient working capital and related reserves. The Series Manager intends to operate the Series Assets of the Series in such a manner as to generate Distributable Cash for distribution to the Series Members. The Series Manager shall evaluate Distributable Cash quarterly or at more frequent intervals, in the Series Manager’s sole discretion. Distributable Cash shall be determined in the sole discretion of the Series Manager. Distributions of Distributable Cash to Series Members, when made, will be allocated among them in proportion to their Membership Interests in the Series. So long as the Series holds the Series Assets, the Series Manager will manage the Series so as to pay to the Series Members, on a pro rata basis, a quarterly distribution in the amount of the applicable Minimum Distribution Percentage (as defined below). If the Yield (as defined below) is less than the Minimum Distribution Percentage with respect to any quarter for which a distribution is payable to the Series Members hereunder, then the Series Manager shall advance to the Series sufficient funds to pay the applicable Minimum Distribution Percentage. The Series Manager shall have the right to reimbursement for any sums advanced to pay the Minimum Distribution Percentage.
