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Operating Distributions
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Operating Distributions
. Subject to
Section 5.2
,
the Company shall
from time to time
distribute
to the Member
such amounts
in cash
and
other assets
as shall be determined
by the Member
.
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Operating Distributions
.
Except as otherwise provided
in this Agreement
,
the Plan
, or any
other applicable
Equity Plan
or
Stock Option Plan
, any applicable Vesting
Agreement or
by the General Partner
with respect to
any particular class or series of
LTIP Units
,
Holders of
LTIP Units shall be entitled
to receive
, if, when and as
authorized by
the General Partner out of funds or
other property
legally available for the
payment of distributions
, regular, special, extraordinary or
other distributions
(other than
distributions upon
the occurrence of a
Liquidating Event
or proceeds from a
Terminating Capital Transaction
) which may be made
from time to time
, in an amount per unit
equal to
the amount of any such distributions that would have been
payable to
such holders if the LTIP Units had been
Partnership Common Units
(
if applicable
, assuming such LTIP Units were held for the entire period to which such distributions relate).
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Operating Distributions
.
Except as otherwise provided
in this Agreement
, any LTIP Unit
Agreement or
by the General Partner
with respect to
any particular class or series of
LTIP Units
,
Holders of
LTIP Units shall be entitled
to receive
, if, when and as
authorized by
the General Partner out of funds or
other property
legally available for the
payment of distributions
, regular, special, extraordinary or
other distributions
(other than
distributions upon
the occurrence of a
Liquidating Event
or proceeds from a
Terminating Capital Transaction
) which may be made
from time to time
, in an amount per unit
equal to
the amount of any such distributions that would have been
payable to
such holders if the LTIP Units had been
Partnership Common Units
(
if applicable
, assuming such LTIP Units were held for the entire period to which such distributions relate).
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Operating Distributions
.
Subject to Section 17
-607 of
the Act
and
other applicable law
,
Available Net Operating Cash
shall be distributed
as soon as practicable
following the
end of each month to
the Partners
as follows:
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Operating Distributions
.
Except as otherwise provided
in the
Agreement or
the relevant
LTIP Agreement
,
holders of
LTIP Units
shall be entitled
to receive
, if, when and as authorized
by the General Partner
out of funds or
other property
legally available for the
payment of distributions
, regular, special, extraordinary or
other distributions
(other than
distributions upon
or
pursuant to the
liquidation of the Partnership
) which may be made
from time to time
, in an amount per LTIP Unit
equal to
the amount of any such distributions that would have been
payable to
such holders if the LTIP Units had been
Partnership Common Units
(
if applicable
, assuming such LTIP Units were held for the entire period to which such distributions relate); provided, that if any LTIP Unit has a
Sharing Percentage
then
in effect
that is less than 100%,
the holder
of such LTIP Unit will only be entitled to receive such distributions in an amount equal to
the product
of the Sharing Percentage for such LTIP Unit and the amount that would otherwise be distributable
with respect to
such LTIP Unit pursuant to this Section 5(a).
Sample 1
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Operating Distributions
.
Except as otherwise provided
in this Agreement
, any Performance Unit
Agreement or
by the General Partner
with respect to
any particular class or series of Performance Units,
Holders of
Performance Units shall be entitled
to receive
, if, when and as
authorized by
the General Partner out of funds or
other property
legally available for the
payment of distributions
, regular, special, extraordinary or
other distributions
(other than
distributions upon
the occurrence of a
Liquidating Event
or proceeds from a
Terminating Capital Transaction
) which may be made
from time to time
, in an amount per Performance Unit
equal to
(i)
in the case
of
Unvested Performance Units
,
the product
of
the distribution
made
to holders
of
Partnership Common Units
per Partnership Common Unit multiplied by the
Performance Unit Sharing Percentage
, and (ii) in the case of a Vested Performance Units, the distribution made to holders of Partnership Common Units per Partnership Common Unit, in
each case
,
if applicable
, assuming such Performance Units were held for the entire period to which such distributions relate.
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Operating Distributions
. (a)
Cash Available for Distribution
at the end of
each
calendar month
shall be allocated ninety-
nine percent
(99%)
to the Members
and one percent (1%) to
the Managers
.
Sample 1
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Operating Distributions
.
Except as otherwise provided
in this Agreement
, in any Performance Unit
Agreement or
by the General Partner
with respect to
any particular class or series of Performance Units,
Holders of
Performance Units shall be entitled
to receive
, if, when and as
authorized by
the General Partner out of funds or
other property
legally available for the
payment of distributions
, regular, special, extraordinary or
other distributions
(other than
distributions upon
the occurrence of a
Liquidating Event
or proceeds from a
Terminating Capital Transaction
) which may be made
from time to time
, in an amount per Performance Unit
equal to
(i)
in the case
of
Unvested Performance Units
,
the product
of
the distribution
made
to holders
of
Common Units
per Common Unit multiplied by the
Performance Unit Sharing Percentage
, and (ii) in the case of a Vested Performance Units, the distribution made to holders of Common Units per Common Unit, in
each case
,
if applicable
, assuming such Performance Units were held for the entire period to which such distributions relate.
Sample 1
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Operating Distributions
.
Subject to Section
4.1(d)
with respect to
Unvested Units
, all
Distributions by the Company
other than those made
in connection with
a
Liquidity Event
pursuant to Section
4.1(c), shall be made or allocated to
holders of
Participating Units
pro rata
based on
the
number of
Participating Units held by each such holder.
Sample 1
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Operating Distributions
. (a)
Except as otherwise provided
in Section 5.06, cash available for
distribution by the Partnership
shall be distributed as follows:
Sample 1
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Sample 3
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