Net Cash Flow from Operations. Except as otherwise provided in Section 12.2 (on liquidation) hereof, and subject to the mandatory tax distribution set forth in Section 7.4 hereof, Net Cash Flow from Operations shall be distributed with respect to a Fiscal Year at times determined by the Manager in the following order and priority:
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Net Cash Flow from Operations. Except as otherwise provided in Section 12.2 Subject to Sections 5.1 (on the Initial Cash Distribution), 13.2 (distributions upon liquidation) hereof), and subject to the mandatory tax distribution set forth in Section 7.4 (Tax Distribution) hereof, Net Cash Flow from Operations shall be distributed with respect to a Fiscal Year at times determined by the Manager Managers in the following order and priority:
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Net Cash Flow from Operations. Except as otherwise provided in Section 12.2 (on liquidation) hereof), and subject to the mandatory tax distribution set forth in Section 7.4 hereofand any distributions required by Section 7.5, Net Cash Flow from Operations shall be distributed with respect to a Fiscal Year at times determined by the Manager in the following order and priority:
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Net Cash Flow from Operations. Except as otherwise provided in Section 12.2 (on liquidation) hereof, and subject to the mandatory tax distribution set forth in Section 7.4 hereof, Net Cash Flow from Operations shall be distributed with respect to a Fiscal Year at times determined by the Manager Management Board in the following order and priority:
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