Distributions of Earnings. Each Series may make distributions to its Members and the Manager upon disposition of Series Holdings according to the terms set forth in the Series Supplement. The amount distributable will include all realized income and expense items reduced by any accrued or charged fees and Promoted Interest on these items. Any such distributions will be charged to the Members’ respective Series Capital Accounts. Distributions may be suspended at any time at the sole discretion of the Manager. Unless otherwise provided in a Series Supplement or determined by the Manager with respect to a Defaulting Member, all distributions with respect to the Series Holdings of each Series will be pro-rata among the Members of each Series regardless of the date of a Member’s Capital Contribution was made.
Distributions of Earnings. The Purple Arch Ventures Fund 2 Series may make Distributions to the Purple Arch Ventures Fund 2 Series Members upon disposition of the Purple Arch Ventures Fund 2 Series Holdings as follows:
Distributions of Earnings. The Chestnut Street Ventures 2 Series may make Distributions to the Chestnut Street Ventures 2 Series Members upon disposition of the Chestnut Street Ventures 2 Series Holdings as follows:
Distributions of Earnings. The net earnings of the Fund, if any, as determined by the Foundation in its discretion, shall be paid and distributed for charitable purposes as specified by the Donor(s) annually, or more or less frequently. Payment by the Foundation of the net earnings shall be a complete release and discharge of the Foundation with respect to the earnings paid, and the Foundation shall not be responsible to the Donor(s) or to any other person for the use of such earnings. The Donor(s) may direct that part or all of the net earnings be reinvested; such net earnings shall be held by the Foundation as a part of the Fund, pursuant to this Agreement.
Distributions of Earnings. The net earnings of the Fund, if any, as determined by Encourage BC! in its discretion, shall be paid and distributed to meet the purposes for which the Organization was organized. Payment by Encourage BC! of the net earnings to the Organization shall be a complete release and discharge of Encourage BC! with respect to the earnings paid, and Encourage BC! shall not be responsible to the Organization or to any other person for the use of such earnings by the Organization. The Organization may direct that part or all of the net earnings be reinvested; such net earnings shall be held by Encourage BC! as a part of the Fund, pursuant to this Agreement.
Distributions of Earnings. The AVG BC 1 Series may make Distributions to the AVG BC 1 Series Members upon disposition of AVG BC 1 Series Holdings as follows:
