Distributions to the Members. Subject to Sections 5.03(e), and 5.03(f), at such times and in such amounts as the Managing Member, in its sole discretion, shall determine, distributions shall be made to the Members in proportion to their respective Percentage Interests.
Distributions to the Members. Subject to Section 5.03(e) and (f), at such times and in such amounts as the Managing Member, in its sole discretion, shall determine, distributions shall be made to the Members in proportion to their respective Percentage Interests; provided, however, that notwithstanding anything in this Section 5.03 to the contrary (other than Section 5.03(e) and (f)), (i) no distributions shall be made in respect of any Unvested Units and (ii) distributions shall be made with respect to a vested Profits Unit if and only if (x) such Profits Unit is entitled to distributions in the applicable Vesting Letter and (y) solely to the extent that the aggregate amount of distributions made by the Company in respect of each Common Unit that was outstanding on the date of issuance of such Profits Unit (other than Tax Distributions which have not yet been applied against and reduced amounts that would otherwise be payable to the Members (as described in Section 5.03(e)(iv))) from and after the issuance of any such Profits Unit exceeds the Hurdle Amount of such Profits Unit (and for the avoidance of doubt, such vested Profits Unit shall only be entitled to participate in the portion of any such distribution that constitutes such excess); provided that, if a Profits Unit is a Catch-Up Unit, then the Managing Member shall, as promptly as reasonably practicable after the Hurdle Amount of such Catch-Up Unit is satisfied, make adjustments to distributions pursuant to this Section 5.03(b) so that the holder of such Catch-Up Unit is distributed, on a cumulative basis, the amount to which such Member would have been entitled to in respect of such Catch-Up Unit had the Hurdle Amount not been in effect and to otherwise equitably account for other distributions made by the Company to its Members after the issuance of such Catch-Up Unit and prior to the time that such Hurdle Amount was satisfied. Any amounts that are not distributed to holders of such Unvested Units or Profits Units by virtue of the foregoing proviso shall instead be distributed to the Members in accordance with this Section 5.03(b).
Distributions to the Members. Subject to Section 5.03(e) and Section 5.03(f), the Company shall promptly distribute to a Member the proceeds of any distribution received by the Company from Holdco in respect of such Member’s Attributable Units.
Distributions to the Members. Subject to Section 4.01(e), Section 4.01(f), Section 4.01(g), Section 4.01(h) and Section 4.01(i), at such times and in such amounts as the Manager, in its sole discretion, shall determine, Distributions in cash shall be made to the Members holding Class A Common Units and Class B Common Units, in proportion to their respective Percentage Interests.
Distributions to the Members. The Company shall distribute to the Members any of the Company’s cash which, in the judgment of the Members’ Committee, exceeds the minimum cash requirements of the business for a reasonable period of time. Such excess cash distributions shall be allocated between the Members in accordance with their Percentage Interests.
Distributions to the Members. At such times and in such amounts as the Managing Member, in its sole discretion, shall determine, distributions shall be made to the Members in proportion to their respective Percentage Interests; provided, however, that notwithstanding anything in this Section 5.02 to the contrary, no distributions shall be made in respect of any Unvested Common Units. Any amounts that are not distributed to holders of such Unvested Common Units by virtue of the foregoing proviso shall instead be distributed to the Members in accordance with this Section 5.02(b).
Distributions to the Members. Subject to Sections 4.1(c) and 4.1(d), distributions shall be made to the Members in proportion to their respective Percentage Interests.
Distributions to the Members. Subject to Section 5.03(d) and (e), at such times and in such amounts as the Manager, in its sole discretion, shall determine, distributions shall be made to the Members in proportion to their respective Percentage Interests; provided, however, that notwithstanding anything in this Section 5.03 to the contrary (other than Section 5.03(d) and (e)), distributions shall be made in respect of any Unvested Units if and only if such Unvested Unit is entitled to distributions in the applicable Vesting Letter and any Unvested Units that are not entitled to receive such distribution shall be disregarded in both the numerator and the denominator for purposes of determining the Percentage Interests of the Members in order to allocate such distribution.
Distributions to the Members. Unless otherwise determined by the Board of Directors, the Company’s net cash flow shall be retained by the Company for reinvestment in the Company’s business, except that, to the extent such net cash flow is available during a taxable year, the Company shall distribute an amount of net cash flow during such taxable year equal to the amount of federal and state income taxes due with respect to the Company’s net profits for the taxable year.
Distributions to the Members. Subject to Section 5.03(e), at such times and in such amounts as the Managing Member, in its sole discretion, shall determine, distributions shall be made to the Members in proportion to their respective Percentage Interests; provided, however, that notwithstanding anything in this Section 5.03 to the contrary (other than Section 5.03(e)), (i) no distributions shall be made in respect of any Unvested Units and (ii) distributions shall be made with respect to a vested Profits Unit if and only if (x) such Profits Unit is entitled to distributions in the applicable Vesting Letter and (y) solely to the extent that the aggregate amount of distributions made by the Company (other than Tax Distributions which have not yet been applied against and reduced amounts that would otherwise be payable to such Member (as described in Section 5.03(e)(v))) from and after the issuance of any such Profits Unit exceeds the sum of (A) the product of the Hurdle Amount of such Profits Unit multiplied by the aggregate Common Units outstanding on the date of issuance of such Profits Unit plus (B) any Capital Contribution made to the Company following such issuance (and for the avoidance of doubt, such vested Profits Unit shall only be entitled to participate in the portion of any such distribution that constitutes such excess). Any amounts that are not distributed to holders of such Unvested Units or Profits Units by virtue of the foregoing proviso shall instead be distributed to the Members in accordance with this Section 5.03(b).
