Monthly Cash Distributions. Except as provided in this Article 5, and subject to Section 7.07(b), on or after the fifteenth (15th) day of each month, the Managing Member shall determine the amount of Available Cash available for distribution, and all such Available Cash shall, to the extent legally permitted, including pursuant to Section 18-607 of the Act, be distributed to the holders of Class A Units and the holders of Class B Units, as applicable, in immediately available funds on or prior to the last Business Day of such month (the date of payment of any such distribution, a “Distribution Date”) as set forth below.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Nextera Energy Partners, Lp), Limited Liability Company Agreement (Nextera Energy Partners, Lp), Limited Liability Company Agreement (NextEra Energy Partners, LP)
Monthly Cash Distributions. Except as provided in this Article 5, and subject to Section 7.07(b7.06(b), on or after within thirty (30) days following the fifteenth (15th) day end of each month, the Managing Member shall determine the amount of Available Cash available for distributionwith respect to such month, and all such Available Cash with respect to such month shall, to the extent legally permitted, including pursuant to Section 18-607 of the Act, be distributed to the holders of Class A Units and the holders of Class B Units, as applicable, in immediately available funds on or prior to within thirty (30) days following the last Business Day end of such month (the date of payment of any such distribution, a “Distribution Date”) as set forth below.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (NextEra Energy Partners, LP), Contribution Agreement (NextEra Energy Partners, LP)
Monthly Cash Distributions. Except as provided in this Article 5, and subject to Section 7.07(b), on or after within thirty (30) days of the fifteenth (15th) day end of each month, the Managing Member shall determine the amount of Available Cash available for distributionwith respect to such month, and all such Available Cash with respect to such month shall, to the extent legally permitted, including pursuant to Section 18-607 of the Act, be distributed to the holders of Class A Units and the holders of Class B Units, as applicable, Members in immediately available funds on or prior to within thirty (30) days of the last Business Day end of such month (the date of payment of any such distribution, a “Distribution Date”) as set forth below.:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (NextEra Energy Partners, LP), Membership Interest Purchase Agreement (NextEra Energy Partners, LP)
Monthly Cash Distributions. Except as provided in this Article 5, and subject to Section 7.07(b), on or after within thirty (30) days following the fifteenth (15th) day end of each month, the Managing Member shall determine the amount of Available Cash available for distributionwith respect to such month, and all such Available Cash with respect to such month shall, to the extent legally permitted, including pursuant to Section 18-607 of the Act, be distributed to the holders of Class A Units and the holders of Class B Units, as applicable, in immediately available funds on or prior to within thirty (30) days following the last Business Day end of such month (the date of payment of any such distribution, a “Distribution Date”) as set forth below.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (NextEra Energy Partners, LP), Membership Interest Purchase Agreement (NextEra Energy Partners, LP)
Monthly Cash Distributions. Except as provided in this Article 5, and subject to Section 7.07(b), on or after within thirty (30) days following the fifteenth (15th) day end of each month, the Managing Member shall determine the amount of Available Cash available for distributionwith respect to such month, and all such Available Cash with respect to such month shall, to the extent legally permitted, including pursuant to Section 18-607 of the Act, be distributed 853984.15A-WILSR01A - MSW to the holders of Class A Units and the holders of Class B Units, as applicable, in immediately available funds on or prior to within thirty (30) days following the last Business Day end of such month (the date of payment of any such distribution, a “Distribution Date”) as set forth below.
Appears in 1 contract
Samples: Limited Liability Company Agreement (NextEra Energy Partners, LP)
Monthly Cash Distributions. Except as provided in this Article 5, and subject to Section 7.07(b), on or after within thirty (30) days following the fifteenth (15th) day end of each month, the Managing Member shall determine the amount of Available Cash available for distributionwith respect to such month, and all such Available Cash with respect to such month shall, to the extent legally permitted, including pursuant to Section 18-607 of the Act, be distributed to the holders of Class A Units and the holders of Class B Units, as applicable, in 853984.14-WILSR01A - MSW immediately available funds on or prior to within thirty (30) days following the last Business Day end of such month (the date of payment of any such distribution, a “Distribution Date”) as set forth below.
Appears in 1 contract
Samples: Membership Interest Purchase Agreement (NextEra Energy Partners, LP)
Monthly Cash Distributions. Except as provided in this Article 5, and subject to Section 7.07(b)) and Schedule 5.01, on or after the fifteenth (15th) day of each month, the Managing Member shall determine the amount of Available Cash available for distribution, and all such Available Cash shall, to the extent legally permitted, including pursuant to Section 18-607 of the Act, be distributed to the holders of Class A Units and the holders of Class B Units, as applicable, in immediately available funds on or prior to the last Business Day of such month (the date of payment of any such distribution, a “Distribution Date”) as set forth below.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Nextera Energy Partners, Lp)