Common use of Distributions of Net Ordinary Cash Flow Clause in Contracts

Distributions of Net Ordinary Cash Flow. The Administrative Member shall calculate Net Ordinary Cash Flow as of the end of each calendar month on a cumulative calendar year-to-date basis and apply and distribute Net Ordinary Cash Flow on or before the 15th day of the following calendar month to the NorthStar Member and the Formation Member, pari passu in proportion to their respective Percentage Interests as of the date of such Distribution.

Distributions of Net Ordinary Cash Flow. The Administrative Member shall calculate Net Ordinary Cash Flow (which calculation shall be subject to the review and confirmation of the NorthStar Member) as of the end of each calendar month on a cumulative calendar year-to-date basis and apply and distribute Net Ordinary Cash Flow on or before the 15th day of the following calendar month to in the NorthStar Member and the Formation Member, pari passu in proportion to their respective Percentage Interests as following order of the date of such Distribution.priority:

Distributions of Net Ordinary Cash Flow. The Administrative Member shall calculate Net Ordinary Cash Flow (which calculation shall be subject to the review and confirmation of the NorthStar Member) as of the end of each calendar month on a cumulative calendar year-to-date basis and apply and distribute Net Ordinary Cash Flow on 7.02on or before the 15th day of the following calendar month to in the NorthStar Member and the Formation Member, pari passu in proportion to their respective Percentage Interests as following order of the date of such Distribution.priority: