Common use of Priority Return Distributions Clause in Contracts

Priority Return Distributions. Next, and subject to Section 5.1, within thirty (30) days of the close of each fiscal quarter, the Company shall distribute to the Class A Members in proportion to and to the extent of the excess, if any, of (i) all allocations of gross income and gain made pursuant to Section 5.7.2 (a) to each Class A Member through the end of the most recent fiscal quarter, over (ii) the sum of all prior and concurrent Distributions to such Class A Member pursuant to Section 5.2.1 (with respect to such Class A Member’s Class A Units) and all prior Distributions to such Class A Member pursuant to this Section 5.2.2.