Common use of Distributions of Distributable Cash Clause in Contracts

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.

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 Guaranteed Yield (as defined below). If the Yield (as defined below) is less than the Minimum Distribution Percentage Guaranteed Yield 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 PercentageGuaranteed Yield. The Series Manager shall have the right to reimbursement for any sums advanced to pay the Minimum Distribution PercentageGuaranteed Yield.