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.
Appears in 4 contracts
Samples: Limited Liability (Radnor Holdings Corp), Limited Liability (Radnor Holdings Corp), Limited Liability (Radnor Holdings Corp)
Interim Distributions. From time to time, the Company Managers shall determine in its their 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 distributionsDistributions, if any. To the extent such excess exists, the Company Managers may make Distributions to the Members Member in accordance with their Sharing Ratiosthe terms of this Agreement and the Indenture. Such Distributions shall be in cash or property Property (which need not be distributed proportionately) or partly in both, as determined by the CompanyManagers.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (HPSC Inc), Limited Liability Company Agreement (HPSC Inc), Limited Liability Company Agreement (HPSC Inc)
Interim Distributions. From time to time, the Company Members shall determine in its their reasonable judgment to what extent, if any, the Company's ’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 distributions may make Distributions be made to the Members in accordance with their Sharing RatiosPercentage Interests. Such Distributions distributions shall be in cash or property Property (which need not be distributed proportionately) or partly in both, as determined by the CompanyMembers.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Higher Education Funding I), Limited Liability Company Agreement (Higher Education Funding I)
Interim Distributions. From time to time, the Company Managing Member 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 distributionsDistributions, if any. To the extent such excess exists, the Company Managing Member may make Distributions to the Members in accordance with their Sharing Ratios. Such Distributions shall be in cash or property Property (which need not be distributed proportionately) or partly in both, as determined by the CompanyManaging Member.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Charter Equipment Lease 1998-1 LLC), Limited Liability Company Operating Agreement (Charter Equipment Lease 1998-1 LLC)
Interim Distributions. From time to time, the Company Members shall determine in its their reasonable judgment to what extent, if any, the Company's ’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 existsexists (considering debt owed to Members or their affiliates), the Company Members may make Distributions distributions to the Members themselves in accordance with their the 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.
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