General Distribution Rules. The timing and amount of all distributions shall be in accordance with Sections 4.1, 4.2, 8.5 and 8.6. All distributions of cash shall be made by the General Partner to the Partners shown on the records of the Partnership to have been Partners on the date of the distribution. All distributions, upon request by a Partner, shall be made by wire transfer in immediately available funds to such Partner's account specified in such request. Distributions of Net Available Cash made to a Partner shall be deemed to be advances on account of such Partner's share of the distributable amounts thereof. For purposes of this Agreement, the term "distributable" with respect to such distributions shall mean the amount of such distributions as finally determined pursuant to the provisions of this Agreement by the General Partner for the Partnership Accounting Year in respect of which they were made and for the term of the Partnership.
General Distribution Rules. The timing and amount of all distributions shall be in accordance with Sections 4.1, 4.2, 8.5 and 8.6. All distributions of cash shall be made to the Members shown on the records of the Company to have been Members on the date of the distribution. All distributions, upon request by a Member, shall be made by wire transfer in immediately available funds to such Member's account specified in such request. Distributions of Net Available Cash made to a Member shall be deemed to be advances on account of such Member's share of the distributable amounts thereof. For purposes of this Agreement, the term "distributable" with respect to such distributions shall mean the amount of such distributions as finally determined pursuant to the provisions of this Agreement by the Members for the Company Accounting Year in respect of which they were made and for the term of the Company.
General Distribution Rules. Except as provided in Section 8.2 hereof, all distributions to Members shall be made at such times and in such amounts as shall be determined by the Board. For purposes of this Article VIII, the term "Member" shall include an Assignee of a Member and their successors and assigns.
General Distribution Rules. 4.3.1 The timing and amount of all distributions shall be in accordance with Sections 4.1, 4.2, 8.3.8, 8.5 and 8.6. All distributions of cash shall be made to the Partners shown on the records of the Partnership to have been Partners on the date of the distribution. All distributions, upon request by a Partner, shall be made by wire transfer in immediately available funds to such Partner's account specified in such request. Distributions of Net Available Cash, Net Mortgage Proceeds and Capital Receipts made to a Partner shall be deemed to be advances on account of such Partner's share of the distributable amounts thereof. For purposes of this Agreement, the term "distributable" with respect to such distributions shall mean the amount of such distributions as finally determined pursuant to the provisions of this Agreement by the Partnership's accountants for the Partnership Accounting Year in respect of which they were made and for the term of the Partnership.
General Distribution Rules. The timing and amount of all Distributions will be in accordance with paragraphs 10.1, 10.2, 12.3 and 12.4. All Distributions of cash will be made to the Members shown on the records of the Company to have been Members on the date of the distribution. All Distributions, upon request by a Member, will be made by wire transfer in immediately available funds to such Member's account specified in such request. Distributions of Net Available Cash, Net Loan Proceeds and Capital Receipts made to a Member with respect to any Company Accounting Year will be deemed to be advances on account of such Member's share of the distributable amounts thereof. For purposes of this Agreement, the term "distributable" with respect to such Distributions will mean the amount of such Distributions as finally determined by the Manager for the Company Accounting Year in respect of which they were made. Any over-distribution thereof to any Member in respect of a Company Accounting Year will be repaid by such Member to the Company and distributed to the Member(s) which has received an under-distribution thirty (30) days after the end of such Company Accounting Year.
General Distribution Rules. (a) For purposes of determining the Members entitled to receive a distribution, the date on which the Manager determines to make such distribution shall be the record date for such determination. (b) Except as otherwise set forth in this Agreement, the Company shall not distribute any asset other than cash without the unanimous consent of a Majority in Interest of the Class A Members, consent of the Board, and consent of the Manager. No Member may be compelled to accept a distribution of any asset in kind from the Company to the extent that the percentage of the asset distributed to such Member differs from the Member's Percentage Interest. (c) No distribution shall be made by the Company to the extent that, after giving effect to the distribution, the liabilities of the Company would exceed the fair market value of the Company's assets. (d) All distributions to the Members are subject to set-off by the Company for any amount owed the Company by the Member or any assignor of such Member, other than amounts owed by any Member in the ordinary course of business operations with the Company. (e) No distributions shall be made if the Company fails to qualify as a REIT nor any distributions made which are not permitted under the Code provisions applicable to REITs. 5.6
General Distribution Rules. (a) The Participant’s Performance Bonus will be distributed to the Participant (or to the Participant’s Beneficiary in the event of the Participant’s death) as provided in this Section 6.1.
General Distribution Rules. Notwithstanding anything in this Article 9 to the contrary, no distributions shall be made in violation of the Act, including C.R.S. § 7-80-606. Moreover, except with the approval of a Three-Fourths Interest, no distribution shall be made that would jeopardize the Company’s status as an S Corporation.
General Distribution Rules. The timing and amount of all distributions shall be in accordance with Sections 4.1, 4.2, 8.5 and 8.6. All distributions of cash shall be made by the Venturers to the Venturers shown on the records of the Venture to have been Venturers on the date of the
General Distribution Rules. Except as otherwise provided in this Article VIII, all distributions to Holders shall be made at such times and in such amounts as shall be determined by the Manager, subject to the provisions of this Article VIII. Notwithstanding the foregoing, to the extent any compensation paid to any Holder by the Company is determined by the Internal Revenue Service not to be a guaranteed payment under Code Section 707(c) or is not paid to the Holder other than in the Person’s capacity as a Holder within the meaning of Code Section 707(a), the Holder shall be specially allocated gross income of the Company in an amount equal to the amount of that compensation, and the Holder’s Capital Account shall be adjusted to reflect the payment of that compensation.
