Interim Distributions. At such times as may be determined by it in its sole discretion, the Trustee shall distribute, or cause to be distributed, to the Beneficiaries, in proportion to the number of Trust Units held by each Beneficiary relating to the Trust, such cash or other property comprising a portion of the Trust Assets as the Trustee may in its sole discretion determine may be distributed without detriment to the conservation and protection of the Trust Assets in the Trust.
Interim Distributions. From time to time, the Company shall determine in its reasonable judgment to what extent, if any, the Company's cash on hand exceeds the current and anticipated needs, including, without limitation, needs for operating expenses, debt service, acquisitions, reserves, and mandatory distributions, if any. To the extent such excess exists, the Company may make Distributions to the Members in accordance with their Sharing Ratios. Such Distributions shall be in cash or property (which need not be distributed proportionately) or partly in both, as determined by the Company.
Interim Distributions. Following the TI Liquidation, TII will distribute to Holdings and Holdings will distribute to ATI all of the outstanding Water Pik Common Stock.
Interim Distributions. Notwithstanding anything to the contrary herein, in the event the Company declares or pays a distribution with respect to any of the Units held by the Executive Group on or after the Termination Date but prior to the exercise by the Company of the call option provided by Section 5.4 or prior to the closing of the repurchase transactions contemplated by a Call Notice, the entire portion of such distribution shall be held in escrow by the Company (such amounts, the “Escrow Funds”) until later of (i) the expiry of the time period by which the call option provided by Section 5.4 must be exercised and (ii) if one or more Call Notices have been delivered, until all the transactions contemplated by all Call Notices have been consummated. In the event, the Company decides to exercise the call option provided by Section 5.4, the entire amount of such Escrow Funds shall be permanently transferred to the Company and deemed forfeited by the Executive Group. In the event the Company does not exercise the call option provided by Section 5.4, the entire amount of such Escrow Funds shall be permanently transferred to the relevant members of the Executive Group.
Interim Distributions. Distributions upon the Shares of the Company may be declared by the Director/Managers at any regular or special meeting, in such allocations as may be determined by the Director/Managers. Distributions may be paid in cash, in property or in Shares of the Company.
Interim Distributions. (a) On January 5, 2021, before 9:00 a.m. EST, the Managing Member shall cause the Company to make a distribution to the Preferred Equity Member in an amount equal to the sum of (i) 100% of the balance of the Preferred Equity Account as of the close of business on December 31, 2020 (other than to the extent any such balance is invested in the Non-Marketable Security Account), plus (ii) 100% of the balance of the Non-Marketable Security Account as of the close of business on December 31, 2020, plus (iii) 57.34767025% of the aggregate cash balance of All Other Accounts as of the close of business on December 31, 2020 (as estimated and provided on December 28, 2020), minus (iv) the aggregate purchase price of all CCF Eligible Assets held or committed to be purchased by the Company as of the close of business on December 31, 2020. On or before December 29, 2020, the Preferred Equity Member shall provide written instructions to the Managing Member specifying the account or accounts where such distribution shall be transferred. The Managing Member shall provide the Preferred Equity Member with the following:
Interim Distributions. From time to time, and subject to Section 10.11 hereof, the Managers shall determine in their reasonable judgment to what extent, if any, the Company's cash on hand exceeds the current and anticipated needs for such moneys, including, without limitation, needs for operating expenses, debt service, acquisitions, reserves, and mandatory distributions, if any. To the extent such excess exists, a Majority of the Managers may make Distributions to the Members in proportion to each Member's Membership Units in the Company as of the date of such Distribution. An Interim Distribution shall be in cash or Property (which need not be distributed proportionately) or partly in both, as determined by the Managers. The Company shall distribute cash to the Members, to the extent not previously distributed during or with respect to a fiscal year, on or before ninety (90) days after the end of each fiscal year, in an amount equal to the federal and state taxes payable by the Members with respect to the income of the Company for the preceding fiscal year; for the foregoing purpose, the Members shall all be assumed to be subject to federal and state income tax at a combined effective rate of Thirty Four Percent (34%).
Interim Distributions. Absent a Monetary Event of Default which has occurred and is continuing, all Interim Distributions may be released from the Account to Borrower or disbursed by Borrower to pay tax obligations of the Borrower, and of Xxxxxxxxx Capital Partners, LLC, Xxxxxxxxx & Co. LLC and Cogent Partners LP; and for other general corporate purposes.
Interim Distributions. Portfolio Liquidity Results shall be initially attributed among the Partners (i) with respect to an Investment, in accordance with the Partners’ relative Distribution Percentages or (ii) with respect to non-Investments, in accordance with the Partners’ relative Commitment Percentages; and Portfolio Liquidity Results initially attributed to General Partner shall be distributed to General Partner. Portfolio Liquidity Results initially attributed to any Limited Partner shall be divided between such Limited Partner and General Partner and distributed as follows: First, 100% to such Partner, until the cumulative amount previously and currently distributed to such Partner equals the Capital Contribution Value of such Partner for such Investment or non-Investment; and Thereafter, the Carried Interest Percentage to General Partner (“Carried Interest”) and the LP Percentage to the Limited Partner for such Investment or non-Investment. Distributions In-Kind. No right is given to any Partner to demand and receive property other than cash. Except in connection with the liquidation of the Fund, General Partner shall not make distributions in kind of Securities other than Marketable Securities. Any in-kind distributions shall be made in such a fashion as to ensure that the Fair Value is distributed and allocated in accordance with this Agreement. Tax Distributions. General Partner shall have the authority to cause the Fund to make distributions to the Partners pro rata to their respective Distribution Percentage for each Partner, of such Partner’s aggregate amount of estimated taxes payable by such Partner with respect to Portfolio Liquidity Results cumulatively allocated to such Partner in accordance with this Agreement and not otherwise offset by allocations of Fund losses and other deductions allocated to the Fund.