{"component": "clause", "props": {"groups": [{"snippet": "On each Payment Date, so long as no Event of Default or Early Amortization Event has occurred and is continuing, after the withdrawals and transfers provided for in Section 3.02 have been made, the Available Collections Amount will be applied in the following order of priority, and in each case after the payment of any Railroad Mileage Credit reimbursements:\n(1) to the payment of the portion of the Required Expense Amount described in clause (i) of the definition thereof to the applicable payees, and to the Expense Account an amount equal to the Required Expense Deposit;\n(2) to the payment to the Service Providers of the Service Provider Fees;\n(3) pro rata, to the payment of (i) applicable Enhancement Premium owing to any Series Enhancer in respect of Class A Notes, (ii) interest on unreimbursed drawings owing to a Series Enhancer in respect of Class A Notes (at the related Class A Interest Rate), and (iii) Series Enhancer Expenses owing to a Series Enhancer in respect of Class A Notes (with the amount of such expense payments funded at this level of the Flow of Funds not to exceed $1,000,000 in any 12-month period);\n(4) pro rata, to the payment of (i) Class A Interest, and (ii) reimbursement of any amounts due in respect of interest payments paid by any Series Enhancer for Class A Notes;\n(5) pro rata, to the payment of applicable Enhancement Prepayment Premium owing to any Series Enhancer in respect of Class A Notes;\n(6) a deposit to the Class A Liquidity Reserve Account equal to the positive difference (if any) between (i) the Class A Liquidity Reserve Target Amount and (ii) the balance in the Class A Liquidity Reserve Account;\n(7) to the Class Accounts for the Class A Notes, their Minimum Principal Payment Amounts, allocated among the Class A Notes in accordance with the Series Allocation Rules;\n(8) pro rata, to the payment of (i) applicable Enhancement Premium owing to any Series Enhancer in respect of Class B Notes, (ii) interest on unreimbursed drawings owing to a Series Enhancer in respect of Class B Notes (at the related Class B Interest Rate), and (iii) Series Enhancer Expenses owing to a Series Enhancer in respect of Class B Notes (with the amount of such expense payments payable at this level of the Flow of Funds not to exceed $1,000,000 in any 12-month period);\n(9) pro rata, to the payment of (i) Class B Interest, and (ii) reimbursement of any amounts due in respect of interest payments paid by any Series Enhancer for Class B Notes;\n(10) to the Transition Expense Account, an amount sufficient to cause the amount on deposit therein to equal the Required Transition Expense Amount;\n(11) pro rata, to the payment of applicable Enhancement Prepayment Premium owing to any Series Enhancer in respect of Class B Notes;\n(12) a deposit to the Class B Liquidity Reserve Account equal to the positive difference (if any) between (i) the Class B Liquidity Reserve Target Amount and (ii) the balance in the Class B Liquidity Reserve Account;\n(13) to the payment of applicable Enhancement Step Up Premium Amount, if any, owing to any Series Enhancer in respect of Class A Notes (with the amount of such payments funded at this level of the Flow of Funds not to exceed the amount of such premium that would be payable if the applicable premium rate was equal to 0.07% per annum on the Outstanding Principal Balance of each such applicable Series of Class A Notes);\n(14) to the Class Accounts for the Class B Notes, their Minimum Principal Payment Amounts, allocated among the Class B Notes in accordance with the Series Allocation Rules;\n(15) to the Class Accounts for the Class A Notes, their Scheduled Principal Payment Amounts, allocated among the Class A Notes in accordance with the Series Allocation Rules;\n(16) a deposit to the Class B Special Reserve Account equal to the positive difference (if any) between (i) the Class B Special Reserve Required Balance in effect for such Payment Date (which may be zero) and (ii) the balance in the Class B Special Reserve Account, provided that no such deposit that otherwise would be required, need be made in the event that the Class B Diversion Interruption Condition is satisfied as of such Payment Date;\n(17) to the payment of applicable Enhancement Step Up Premium Amount, if any, owing to any Series Enhancer in respect of Class B Notes (with the amount of such payments funded at this level of the Flow of Funds not to exceed the amount of such premium that would be payable if the applicable premium rate was equal to 0.07% per annum on the Outstanding Principal Balance of each such applicable Series of Class B Notes);\n(18) to the Class Accounts for the Class B Notes, their Scheduled Principal Payment Amounts, allocated among the Class B Notes in accordance with the Series Allocation Rules;\n(19) to the payment of Series Enhancer Expenses owing to a Series Enhancer in respect of Class A Notes to the extent not paid with distributions at a higher level in the Flow of Funds;\n(20) to the payment of any redemption or early prepayment premium owing to the holders of the Class A Notes;\n(21) to the payment of Series Enhancer Expenses owing to a Series Enhancer in respect of Class B Notes to the extent not paid with distributions at a higher level in the Flow of Funds;\n(22) to the payment of any redemption or early prepayment premium owing to the holders of the Class B Notes;\n(23) to the payment of applicable Enhancement Step Up Premium Amount, if any, owing to any Series Enhancer in respect of Class A Notes to the extent not paid with distributions at a higher level in the Flow of Funds;\n(24) to the payment of applicable Enhancement Step Up Premium Amount, if any, owing to any Series Enhancer in respect of Class B Notes to the extent not paid with distributions at a higher level in the Flow of Funds;\n(25) to Additional Interest Amounts, if any, payable in respect of (i) first, the Class A Notes, and then (ii) second, the Class B Notes;\n(26) to the payment of Issuer indemnities payable to holders of Equipment Notes or initial purchasers or placement agents in respect thereof;\n(27) to pay or reimburse Issuer (or the Manager on its behalf) for costs of Optional Modifications to the extent not paid from any other available source of Issuer revenues;\n(28) to pay any other amounts specified as applicable to this level of the Flow of Funds, as set forth in a related Series Supplement;\n(29) with respect to each Series of Class A Notes on each Payment Date on and after the fifteenth anniversary of the applicable Closing Date for such Series of Class A Notes, to the Class Accounts for such Series of Class A Notes, an amount equal to the then Outstanding Principal Balance of such Class A Notes allocated pro rata across all Series;\n(30) with respect to each Series of Class B Notes on each Payment Date on and after the fifteenth anniversary of the applicable Closing Date for such Series of Class B Notes, to the Class Accounts for such Series of Class B Notes, an amount equal to the then Outstanding Principal Balance of such Class B Notes allocated pro rata across all Series; and\n(31) to Issuer, all remaining amounts, which may be distributed to the Beneficial Owner.", "samples": [{"hash": "gdHegfD72w4", "uri": "/contracts/gdHegfD72w4#regular-distributions", "label": "Master Indenture (Trinity Industries Inc)", "score": 28.1293640137, "published": true}, {"hash": "jwYz2fDmT1T", "uri": "/contracts/jwYz2fDmT1T#regular-distributions", "label": "Master Indenture (Trinity Industries Inc)", "score": 23.1245727539, "published": true}, {"hash": "8oGch2Jqiet", "uri": "/contracts/8oGch2Jqiet#regular-distributions", "label": "Master Indenture (Trinity Industries Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "payment-date", "type": "definition", "offset": [8, 20]}, {"key": "no-event-of-default-or-early-amortization-event", "type": "clause", "offset": [33, 80]}, {"key": "withdrawals-and-transfers", "type": "clause", "offset": [123, 148]}, {"key": "available-collections-amount", "type": "definition", "offset": [198, 226]}, {"key": "order-of-priority", "type": "definition", "offset": [260, 277]}, {"key": "each-case", "type": "definition", "offset": [286, 295]}, {"key": "the-payment", "type": "clause", "offset": [302, 313]}, {"key": "payment-of-the", "type": "clause", "offset": [372, 386]}, {"key": "required-expense-amount", "type": "definition", "offset": [402, 425]}, {"key": "in-clause", "type": "clause", "offset": [436, 445]}, {"key": "the-definition", "type": "definition", "offset": [453, 467]}, {"key": "the-applicable", "type": "clause", "offset": [479, 493]}, {"key": "expense-account", "type": "clause", "offset": [513, 528]}, {"key": "equal-to", "type": "definition", "offset": [539, 547]}, {"key": "required-expense-deposit", "type": "definition", "offset": [552, 576]}, {"key": "the-service-providers", "type": "clause", "offset": [600, 621]}, {"key": "service-provider-fees", "type": "definition", "offset": [629, 650]}, {"key": "pro-rata", "type": "clause", "offset": [656, 664]}, {"key": "in-respect-of", "type": "definition", "offset": [748, 761]}, {"key": "interest-on", "type": "definition", "offset": [782, 793]}, {"key": "unreimbursed-drawings", "type": "definition", "offset": [794, 815]}, {"key": "class-a-interest-rate", "type": "clause", "offset": [887, 908]}, {"key": "series-enhancer-expenses", "type": "definition", "offset": [921, 945]}, {"key": "expense-payments", "type": "definition", "offset": [1026, 1042]}, {"key": "flow-of-funds", "type": "clause", "offset": [1071, 1084]}, {"key": "not-to-exceed", "type": "clause", "offset": [1085, 1098]}, {"key": "amounts-due", "type": "clause", "offset": [1219, 1230]}, {"key": "interest-payments", "type": "clause", "offset": [1245, 1262]}, {"key": "for-class", "type": "clause", "offset": [1291, 1300]}, {"key": "class-a-liquidity-reserve-account", "type": "definition", "offset": [1463, 1496]}, {"key": "liquidity-reserve-target-amount", "type": "clause", "offset": [1563, 1594]}, {"key": "the-balance", "type": "clause", "offset": [1604, 1615]}, {"key": "in-the-class", "type": "clause", "offset": [1616, 1628]}, {"key": "the-class-a-notes", "type": "clause", "offset": [1688, 1705]}, {"key": "principal-payment-amounts", "type": "clause", "offset": [1721, 1746]}, {"key": "in-accordance-with", "type": "definition", "offset": [1782, 1800]}, {"key": "series-allocation-rules", "type": "definition", "offset": [1805, 1828]}, {"key": "class-b-interest-rate", "type": "definition", "offset": [2065, 2086]}, {"key": "payable-at", "type": "definition", "offset": [2221, 2231]}, {"key": "on-deposit", "type": "definition", "offset": [2570, 2580]}, {"key": "step-up", "type": "clause", "offset": [3034, 3041]}, {"key": "premium-amount", "type": "definition", "offset": [3042, 3056]}, {"key": "applicable-premium-rate", "type": "definition", "offset": [3269, 3292]}, {"key": "per-annum", "type": "clause", "offset": [3312, 3321]}, {"key": "outstanding-principal-balance", "type": "definition", "offset": [3329, 3358]}, {"key": "series-of-class-a-notes", "type": "definition", "offset": [3383, 3406]}, {"key": "scheduled-principal-payment", "type": "clause", "offset": [3638, 3665]}, {"key": "special-reserve-account", "type": "clause", "offset": [3787, 3810]}, {"key": "required-balance", "type": "clause", "offset": [3893, 3909]}, {"key": "in-effect", "type": "definition", "offset": [3910, 3919]}, {"key": "provided-that", "type": "definition", "offset": [4023, 4036]}, {"key": "in-the-event", "type": "clause", "offset": [4100, 4112]}, {"key": "series-of-class-b-notes", "type": "definition", "offset": [4596, 4619]}, {"key": "payment-of-series", "type": "clause", "offset": [4809, 4826]}, {"key": "to-the-extent", "type": "clause", "offset": [4900, 4913]}, {"key": "higher-level", "type": "definition", "offset": [4947, 4959]}, {"key": "early-prepayment-premium", "type": "definition", "offset": [5023, 5047]}, {"key": "holders-of", "type": "clause", "offset": [5061, 5071]}, {"key": "additional-interest-amounts", "type": "clause", "offset": [5827, 5854]}, {"key": "to-holders", "type": "clause", "offset": [6007, 6017]}, {"key": "equipment-notes", "type": "clause", "offset": [6021, 6036]}, {"key": "initial-purchasers", "type": "definition", "offset": [6040, 6058]}, {"key": "placement-agents", "type": "definition", "offset": [6062, 6078]}, {"key": "pay-or-reimburse", "type": "clause", "offset": [6107, 6123]}, {"key": "the-manager", "type": "clause", "offset": [6135, 6146]}, {"key": "costs-of", "type": "definition", "offset": [6166, 6174]}, {"key": "modifications-to-the", "type": "clause", "offset": [6184, 6204]}, {"key": "source-of", "type": "definition", "offset": [6246, 6255]}, {"key": "issuer-revenues", "type": "definition", "offset": [6256, 6271]}, {"key": "other-amounts", "type": "clause", "offset": [6289, 6302]}, {"key": "applicable-to", "type": "definition", "offset": [6316, 6329]}, {"key": "series-supplement", "type": "definition", "offset": [6389, 6406]}, {"key": "with-respect-to", "type": "clause", "offset": [6413, 6428]}, {"key": "fifteenth-anniversary", "type": "definition", "offset": [6496, 6517]}, {"key": "applicable-closing-date", "type": "definition", "offset": [6525, 6548]}, {"key": "remaining-amounts", "type": "clause", "offset": [7130, 7147]}, {"key": "beneficial-owner", "type": "definition", "offset": [7181, 7197]}], "size": 19, "hash": "cd37b4656b668dc1f0cd8ab9d2ccf43b", "id": 1}, {"snippet": "Subject to the rights of the holders of Preferred Units ranking senior to or on parity with the Series H Preferred Units, the holders of Series H Preferred Units shall be entitled to receive on each Distribution Payment Date, out of assets of the Partnership legally available for the payment of the distributions, monthly cumulative cash distributions at the following rates per annum on the $1,000 liquidation preference per Series H Preferred Unit:\n(i) during such periods as the Series H Preferred Units are Base Rate Units, the Base Rate plus the Applicable Margin; and\n(ii) during such periods as the Series H Preferred Units are LIBOR Units, the LIBOR Rate for such period plus the Applicable Margin. Notwithstanding anything to the contrary contained herein, after the Maturity Date and during any period when an Event of Default exists (as such term is defined in the Loan Agreement), the holders of Series H Preferred Units shall be entitled to receive on each Distribution Payment Date, cash distributions at the applicable Default Rate on $1,000 liquidation preference per Unit and all distributions thereon not paid when due. In addition to any distributions due under this Section 6, the Partnership shall pay to holders of Series H Preferred Units a late payment premium in the amount of two percent (2%) of any payments of distributions made two days after the Distribution Payment Date.", "samples": [{"hash": "eS7ZpivzbI", "uri": "/contracts/eS7ZpivzbI#regular-distributions", "label": "Limited Partnership Agreement (Brookfield Property REIT Inc.)", "score": 29.6543464661, "published": true}, {"hash": "70Ib9BhqfJB", "uri": "/contracts/70Ib9BhqfJB#regular-distributions", "label": "Merger Agreement (Brookfield Property Partners L.P.)", "score": 29.238193512, "published": true}, {"hash": "OTIw2qFpev", "uri": "/contracts/OTIw2qFpev#regular-distributions", "label": "Merger Agreement (Brookfield Asset Management Inc.)", "score": 29.2354545593, "published": true}], "snippet_links": [{"key": "rights-of-the-holders", "type": "clause", "offset": [15, 36]}, {"key": "series-h-preferred-units", "type": "definition", "offset": [96, 120]}, {"key": "holders-of-series", "type": "clause", "offset": [126, 143]}, {"key": "to-receive", "type": "definition", "offset": [180, 190]}, {"key": "distribution-payment-date", "type": "definition", "offset": [199, 224]}, {"key": "assets-of-the-partnership", "type": "clause", "offset": [233, 258]}, {"key": "the-distributions", "type": "clause", "offset": [296, 313]}, {"key": "cumulative-cash-distributions", "type": "clause", "offset": [323, 352]}, {"key": "per-annum", "type": "clause", "offset": [376, 385]}, {"key": "liquidation-preference", "type": "clause", "offset": [400, 422]}, {"key": "the-base-rate", "type": "definition", "offset": [529, 542]}, {"key": "applicable-margin", "type": "clause", "offset": [552, 569]}, {"key": "libor-rate", "type": "definition", "offset": [653, 663]}, {"key": "notwithstanding-anything-to-the-contrary-contained", "type": "clause", "offset": [708, 758]}, {"key": "after-the-maturity-date", "type": "clause", "offset": [767, 790]}, {"key": "event-of-default-exists", "type": "clause", "offset": [821, 844]}, {"key": "the-loan-agreement", "type": "clause", "offset": [873, 891]}, {"key": "default-rate", "type": "definition", "offset": [1035, 1047]}, {"key": "in-addition-to", "type": "clause", "offset": [1139, 1153]}, {"key": "section-6", "type": "definition", "offset": [1187, 1196]}, {"key": "to-holders", "type": "clause", "offset": [1224, 1234]}, {"key": "late-payment-premium", "type": "definition", "offset": [1265, 1285]}, {"key": "payments-of-distributions", "type": "clause", "offset": [1327, 1352]}, {"key": "days-after", "type": "definition", "offset": [1362, 1372]}], "size": 8, "hash": "b3630cac6307a0657c85fa6b2c0e3a1b", "id": 2}, {"snippet": "Except for distributions pursuant to Section 13.2 in connection with the dissolution and liquidation of the Partnership, and subject to the provisions of Sections 5.3, 5.4 and 5.5, the General Partner shall cause the Partnership to distribute, from time to time as determined by the General Partner, but in any event not less frequently than once each Quarter, the Partnership's Pro Rata Share of all Available Cash, to the Partners, in accordance with each Partner's respective Percentage Interest; provided, however, that in no event may a Limited Partner receive a distribution of Available Cash with respect to a L.P. Unit, if such Limited Partner is entitled to receive a distribution out of such Available Cash with respect to a share of Common Stock for which such L.P. Unit has been exchanged.", "samples": [{"hash": "jUlXT2I4cRK", "uri": "/contracts/jUlXT2I4cRK#regular-distributions", "label": "Limited Partnership Agreement (Mission West Properties Inc)", "score": 18.0, "published": true}, {"hash": "ifmpdHLgGJF", "uri": "/contracts/ifmpdHLgGJF#regular-distributions", "label": "Limited Partnership Agreement (Mission West Properties/New/)", "score": 18.0, "published": true}, {"hash": "eIQZEz0DM6A", "uri": "/contracts/eIQZEz0DM6A#regular-distributions", "label": "Limited Partnership Agreement (Mission West Properties Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "section-132", "type": "clause", "offset": [37, 49]}, {"key": "in-connection-with", "type": "clause", "offset": [50, 68]}, {"key": "dissolution-and-liquidation-of-the-partnership", "type": "clause", "offset": [73, 119]}, {"key": "the-provisions-of", "type": "clause", "offset": [136, 153]}, {"key": "to-distribute", "type": "definition", "offset": [229, 242]}, {"key": "from-time-to-time", "type": "clause", "offset": [244, 261]}, {"key": "by-the-general-partner", "type": "clause", "offset": [276, 298]}, {"key": "pro-rata-share", "type": "definition", "offset": [379, 393]}, {"key": "in-accordance-with", "type": "definition", "offset": [434, 452]}, {"key": "percentage-interest", "type": "definition", "offset": [479, 498]}, {"key": "in-no-event", "type": "clause", "offset": [524, 535]}, {"key": "limited-partner", "type": "definition", "offset": [542, 557]}, {"key": "distribution-of-available-cash", "type": "clause", "offset": [568, 598]}, {"key": "with-respect-to", "type": "clause", "offset": [599, 614]}, {"key": "to-receive", "type": "definition", "offset": [664, 674]}, {"key": "common-stock", "type": "definition", "offset": [744, 756]}], "size": 8, "hash": "b47d79ffaa9f62633a20ec19d61a1a4a", "id": 3}, {"snippet": "(a) Except for distributions pursuant to Section 13.2 in connection with the dissolution and liquidation of the Partnership, and subject to the provisions of Sections 5.1(b), 5.3, 5.4, 5.5 and 12.2(c), the General Partner shall cause the Partnership to distribute, at such times as the General Partner shall determine, an amount of Available Cash, determined by the General Partner in its sole discretion to the Limited Partners and the General Partner, as of the applicable Partnership Record Date, in accordance with each such Partner\u2019s respective Percentage Interest. This section 5.1(a) is not applicable to the Associate General Partner. Distributions to the Associate General Partner should be made exclusively pursuant to Section 5.1(b). In no event may any such Partner receive a distribution of Available Cash with respect to a Partnership Unit if such Partner is entitled to receive a distribution out of such Available Cash with respect to REIT Stock for which such a Partnership Unit has been exchanged.\n(b) Except for distributions pursuant to Section 13.2 in connection with the dissolution and liquidation of the Partnership, and subject to the provisions of Sections 5.1(a), 5.3, 5.4, 5.5 and 12.2(c), the General Partner shall cause the Partnership to distribute, at such times as the General Partner shall determine (each a \u201c Distribution Date\u201d), an amount of Available Cash, determined by the General Partner in its sole discretion to the Associate General Partner, the Limited Partners and General Partner, as of the applicable Partnership Record Date, in accordance with the following provisions:\n(i) 100% of Available Cash will be distributed to the General Partner and Limited Partners in accordance with Section 5.1(a) above until the Limited Partners receive distributions from the Partnership and the Stockholders receive dividends from the General Partner in an amount equal to a Cumulative Non-Compounded Return of 7% per year on their Net Investment (\u201c First Level Return\u201d);\n(ii) 100% of Available Cash will be distributed to the Associate General Partner if at the Distribution Date, the Limited Partners and the Stockholders have received First Level Returns, until the Associate General Partner receives distributions from the Partnership in an amount equal to a Cumulative Non-Compound Return of 7% per year on its Net Investment (\u201c SGP Distribution\u201d);\n(iii) 70% of Available Cash will be distributed to the General Partner and Limited Partners in accordance with Section 5.1(a) above and 30% of Available Cash will be distributed to the Associate General Partner, if at the Distribution Date (1) the Limited Partners and the Stockholders have received First Level Returns, and (2) the Associate General Partner has received the SGP Distribution, until the Limited Partners receive distributions from the Partnership and Stockholders receive dividends from the General Partner in an amount equal to a Cumulative Non-Compounded return of 12% per year on their Net Investment (\u201c Second Level Return\u201d); and\n(iv) 60% of Available Cash will be distributed to the General Partner and Limited Partners in accordance with Section 5.1(a) above and 40% of Available Cash will be distributed to the Associate General Partner, if at the Distribution Date the Limited Partners and Stockholders have received Second Level Returns.\n(c) Notwithstanding anything to the contrary in this Section 5, in no event will the Acquisition Fees, Acquisition Expenses and Asset Management Fee paid to the Initial Limited Partner, plus the subordinated payments payable by the Partnership to the Sponsor (\u201cProgram Structure\u201d) exceed the sum of (i) an amount equal to 6 percent of the gross Contract Purchase Price of all Properties acquired by the General Partner; (ii) an amount determined annually (\u201cAsset Management Amount\u201d) equal in the aggregate to the greater of 2 percent of the Average Invested Assets or 25 percent of the GP Net Income after reducing such Asset Management Amount by those Total Operating Expenses as defined in the Guidelines that exclude the asset management amount; (iii) an amount equal to the Disposition Fees, if any, but not to exceed 3 percent of the contract sales price of all Properties sold by the General Partner; and (iv) an amount equal to 15 percent of the GP Net Sales Proceeds, if any, remaining after the payment to the shareholders of the General Partner in the aggregate of an amount equal to 100 percent of the original issue price of their shares plus an amount equal to 6 percent of the original issue price of the General Partner\u2019s shares per annum, cumulative (\u201cGuideline Structure\u201d). For purposes of determining compliance with this undertaking, the comparison between the Program Structure and the Guideline Structure shall be determined on an annual basis at the end of each fiscal year of the General Partner (\u201cComparison Date\u201d). To the extent that at the Comparison Date the Program Structure amount exceeds the Guideline Structure amount, the Sponsor shall return such excess to the shareholders within 30 days after the Comparison Date.", "samples": [{"hash": "fDteWqfnI6a", "uri": "/contracts/fDteWqfnI6a#regular-distributions", "label": "Limited Partnership Agreement (Lightstone Value Plus Real Estate Investment Trust Ii Inc)", "score": 21.0, "published": true}, {"hash": "96Y0BReJA04", "uri": "/contracts/96Y0BReJA04#regular-distributions", "label": "Limited Partnership Agreement (Lightstone Value Plus Real Estate Investment Trust Ii Inc)", "score": 21.0, "published": true}, {"hash": "8B229mDs5S8", "uri": "/contracts/8B229mDs5S8#regular-distributions", "label": "Limited Partnership Agreement (Lightstone Value Plus Real Estate Investment Trust Ii Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "section-132", "type": "clause", "offset": [41, 53]}, {"key": "in-connection-with", "type": "clause", "offset": [54, 72]}, {"key": "dissolution-and-liquidation-of-the-partnership", "type": "clause", "offset": [77, 123]}, {"key": "the-provisions-of", "type": "clause", "offset": [140, 157]}, {"key": "to-distribute", "type": "definition", "offset": [250, 263]}, {"key": "by-the-general-partner", "type": "clause", "offset": [359, 381]}, {"key": "sole-discretion", "type": "definition", "offset": [389, 404]}, {"key": "the-limited-partners", "type": "clause", "offset": [408, 428]}, {"key": "the-applicable", "type": "clause", "offset": [460, 474]}, {"key": "partnership-record-date", "type": "definition", "offset": [475, 498]}, {"key": "in-accordance-with", "type": "definition", "offset": [500, 518]}, {"key": "percentage-interest", "type": "definition", "offset": [550, 569]}, {"key": "section-5", "type": "definition", "offset": [576, 585]}, {"key": "applicable-to", "type": "definition", "offset": [598, 611]}, {"key": "associate-general-partner", "type": "definition", "offset": [616, 641]}, {"key": "distributions-to", "type": "clause", "offset": [643, 659]}, {"key": "distribution-of-available-cash", "type": "clause", "offset": [788, 818]}, {"key": "with-respect-to", "type": "clause", "offset": [819, 834]}, {"key": "partnership-unit", "type": "clause", "offset": [837, 853]}, {"key": "to-receive", "type": "definition", "offset": [882, 892]}, {"key": "reit-stock", "type": "definition", "offset": [951, 961]}, {"key": "general-partner-and-limited-partners", "type": "clause", "offset": [1672, 1708]}, {"key": "the-stockholders", "type": "clause", "offset": [1823, 1839]}, {"key": "equal-to", "type": "definition", "offset": [1896, 1904]}, {"key": "return-of", "type": "clause", "offset": [1933, 1942]}, {"key": "per-year", "type": "definition", "offset": [1946, 1954]}, {"key": "net-investment", "type": "definition", "offset": [1964, 1978]}, {"key": "first-level-return", "type": "definition", "offset": [1982, 2000]}, {"key": "the-distribution-date", "type": "definition", "offset": [2091, 2112]}, {"key": "second-level-return", "type": "definition", "offset": [3010, 3029]}, {"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [3354, 3394]}, {"key": "in-no-event-will", "type": "clause", "offset": [3414, 3430]}, {"key": "acquisition-fees", "type": "definition", "offset": [3435, 3451]}, {"key": "expenses-and", "type": "clause", "offset": [3465, 3477]}, {"key": "fee-paid", "type": "definition", "offset": [3495, 3503]}, {"key": "initial-limited-partner", "type": "definition", "offset": [3511, 3534]}, {"key": "subordinated-payments", "type": "definition", "offset": [3545, 3566]}, {"key": "by-the-partnership", "type": "clause", "offset": [3575, 3593]}, {"key": "the-sponsor", "type": "clause", "offset": [3597, 3608]}, {"key": "program-structure", "type": "clause", "offset": [3611, 3628]}, {"key": "sum-of", "type": "clause", "offset": [3642, 3648]}, {"key": "the-gross", "type": "clause", "offset": [3685, 3694]}, {"key": "contract-purchase-price", "type": "definition", "offset": [3695, 3718]}, {"key": "all-properties", "type": "clause", "offset": [3722, 3736]}, {"key": "in-the-aggregate", "type": "definition", "offset": [3839, 3855]}, {"key": "average-invested-assets", "type": "clause", "offset": [3891, 3914]}, {"key": "net-income", "type": "clause", "offset": [3939, 3949]}, {"key": "total-operating-expenses", "type": "definition", "offset": [4003, 4027]}, {"key": "the-guidelines", "type": "clause", "offset": [4042, 4056]}, {"key": "the-asset", "type": "clause", "offset": [4070, 4079]}, {"key": "disposition-fees", "type": "clause", "offset": [4128, 4144]}, {"key": "not-to-exceed", "type": "clause", "offset": [4158, 4171]}, {"key": "contract-sales-price", "type": "definition", "offset": [4189, 4209]}, {"key": "net-sales-proceeds", "type": "clause", "offset": [4306, 4324]}, {"key": "to-the-shareholders", "type": "definition", "offset": [4362, 4381]}, {"key": "original-issue-price", "type": "definition", "offset": [4463, 4483]}, {"key": "price-of-the", "type": "clause", "offset": [4556, 4568]}, {"key": "per-annum", "type": "clause", "offset": [4594, 4603]}, {"key": "for-purposes-of", "type": "clause", "offset": [4641, 4656]}, {"key": "compliance-with", "type": "clause", "offset": [4669, 4684]}, {"key": "the-program", "type": "clause", "offset": [4726, 4737]}, {"key": "annual-basis", "type": "definition", "offset": [4802, 4814]}, {"key": "at-the-end-of", "type": "clause", "offset": [4815, 4828]}, {"key": "fiscal-year", "type": "clause", "offset": [4834, 4845]}, {"key": "comparison-date", "type": "definition", "offset": [4871, 4886]}, {"key": "to-the-extent", "type": "clause", "offset": [4890, 4903]}, {"key": "days-after", "type": "definition", "offset": [5068, 5078]}], "size": 8, "hash": "c442112a7ff80b87b75d5e585d166b4c", "id": 4}, {"snippet": "Subject to the rights of the holders of Preferred Units ranking senior to or on parity with the Series I Preferred Units, the holders of Series I Preferred Units shall be entitled to receive on each Distribution Payment Date, out of assets of the Partnership legally available for the payment of the distributions, monthly cumulative cash distributions at the LIBOR Rate on the $1,000 liquidation preference per Series I Preferred Unit. Notwithstanding anything to the contrary contained herein, after the Maturity Date and during any period when an Event of Default exists (as such term is defined in the Loan Agreement), the holders of Series I Preferred Units shall be entitled to receive on each Distribution Payment Date, cash distributions at the applicable Default Rate on $1,000 liquidation preference per Unit and all distributions thereon not paid when due. In addition to any distributions due under this Section 5, the Partnership shall pay to holders of Series I Preferred Units a late payment premium in the amount of two percent (2%) of any payments of distributions made two days after the Distribution Payment Date.", "samples": [{"hash": "eS7ZpivzbI", "uri": "/contracts/eS7ZpivzbI#regular-distributions", "label": "Limited Partnership Agreement (Brookfield Property REIT Inc.)", "score": 29.6543464661, "published": true}, {"hash": "70Ib9BhqfJB", "uri": "/contracts/70Ib9BhqfJB#regular-distributions", "label": "Merger Agreement (Brookfield Property Partners L.P.)", "score": 29.238193512, "published": true}, {"hash": "OTIw2qFpev", "uri": "/contracts/OTIw2qFpev#regular-distributions", "label": "Merger Agreement (Brookfield Asset Management Inc.)", "score": 29.2354545593, "published": true}], "snippet_links": [{"key": "rights-of-the-holders", "type": "clause", "offset": [15, 36]}, {"key": "series-i-preferred-units", "type": "clause", "offset": [96, 120]}, {"key": "holders-of-series", "type": "clause", "offset": [126, 143]}, {"key": "to-receive", "type": "definition", "offset": [180, 190]}, {"key": "distribution-payment-date", "type": "definition", "offset": [199, 224]}, {"key": "assets-of-the-partnership", "type": "clause", "offset": [233, 258]}, {"key": "the-distributions", "type": "clause", "offset": [296, 313]}, {"key": "cumulative-cash-distributions", "type": "clause", "offset": [323, 352]}, {"key": "libor-rate", "type": "definition", "offset": [360, 370]}, {"key": "liquidation-preference", "type": "clause", "offset": [385, 407]}, {"key": "notwithstanding-anything-to-the-contrary-contained", "type": "clause", "offset": [437, 487]}, {"key": "after-the-maturity-date", "type": "clause", "offset": [496, 519]}, {"key": "event-of-default-exists", "type": "clause", "offset": [550, 573]}, {"key": "the-loan-agreement", "type": "clause", "offset": [602, 620]}, {"key": "the-applicable", "type": "clause", "offset": [749, 763]}, {"key": "default-rate", "type": "definition", "offset": [764, 776]}, {"key": "in-addition-to", "type": "clause", "offset": [868, 882]}, {"key": "section-5", "type": "definition", "offset": [916, 925]}, {"key": "to-holders", "type": "clause", "offset": [953, 963]}, {"key": "late-payment-premium", "type": "definition", "offset": [994, 1014]}, {"key": "payments-of-distributions", "type": "clause", "offset": [1056, 1081]}, {"key": "days-after", "type": "definition", "offset": [1091, 1101]}], "size": 7, "hash": "4e5649766e099300d089f8c12be4d3a6", "id": 5}, {"snippet": "Subject to the prior rights of holders of Preferred Units at the time outstanding ranking senior to or on parity with the Series K Preferred Units with respect to rights as to distributions, the holders of Series K Preferred Units shall be entitled to receive, when, as and if declared by the General Partner, on each Distribution Payment Date, out of any assets of the Partnership legally available therefor, cumulative distributions per unit in a cash amount equal in value to (i) the amount of any dividend or other distribution made on a BPY Unit on such Distribution Payment Date multiplied by (ii) the Conversion Factor (as defined in the Charter) in effect on the date of declaration of such dividend or other distribution, as further adjusted by the General Partner as it deems in good faith to be appropriate in order to adjust for any stock split, reverse stock split, stock combination, reclassification or other similar event that affects the Class A Stock and does not similarly affect the Series K Preferred Units. The distributions upon the Series K Preferred Units shall, if and to the extent declared by the General Partner, be paid in arrears (without interest) on the Distribution Payment Date with respect thereto. If the full amount of such distribution on the Series K Preferred Units is not paid on such Distribution Payment Date, then such distribution shall accrue and accumulate, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment thereof and whether or not such distributions are earned, declared or authorized. The record and payment dates for the dividends or other distributions upon the Series K Preferred Units during any Distribution Period, to the extent not prohibited by applicable law, shall be the same as the record and payment dates for the dividends or other distributions upon the BPY Units during such Distribution Period. Any distribution payment made upon the Series K Preferred Units shall first be credited against the earliest accumulated but unpaid distributions due with respect to such Units which remains payable. No interest, or sum of money in lieu of interest, shall be owing or payable to any holders of the Series K Preferred Units in respect of any distribution payment or payments on the Series K Preferred Units, whether or not in arrears.", "samples": [{"hash": "6chi5ZOtec6", "uri": "/contracts/6chi5ZOtec6#regular-distributions", "label": "Agreement of Limited Partnership (Brookfield Property REIT Inc.)", "score": 30.4784393311, "published": true}, {"hash": "eS7ZpivzbI", "uri": "/contracts/eS7ZpivzbI#regular-distributions", "label": "Limited Partnership Agreement (Brookfield Property REIT Inc.)", "score": 29.6543464661, "published": true}, {"hash": "70Ib9BhqfJB", "uri": "/contracts/70Ib9BhqfJB#regular-distributions", "label": "Merger Agreement (Brookfield Property Partners L.P.)", "score": 29.238193512, "published": true}], "snippet_links": [{"key": "subject-to-the", "type": "clause", "offset": [0, 14]}, {"key": "rights-of-holders", "type": "clause", "offset": [21, 38]}, {"key": "at-the-time", "type": "clause", "offset": [58, 69]}, {"key": "series-k-preferred-units", "type": "clause", "offset": [122, 146]}, {"key": "with-respect-to", "type": "clause", "offset": [147, 162]}, {"key": "holders-of-series", "type": "clause", "offset": [195, 212]}, {"key": "to-receive", "type": "definition", "offset": [249, 259]}, {"key": "by-the-general-partner", "type": "clause", "offset": [286, 308]}, {"key": "distribution-payment-date", "type": "definition", "offset": [318, 343]}, {"key": "assets-of-the-partnership", "type": "clause", "offset": [356, 381]}, {"key": "cumulative-distributions", "type": "definition", "offset": [410, 434]}, {"key": "cash-amount", "type": "definition", "offset": [449, 460]}, {"key": "conversion-factor", "type": "clause", "offset": [608, 625]}, {"key": "the-charter", "type": "clause", "offset": [641, 652]}, {"key": "effect-on-the", "type": "clause", "offset": [657, 670]}, {"key": "date-of", "type": "clause", "offset": [671, 678]}, {"key": "in-good-faith", "type": "definition", "offset": [786, 799]}, {"key": "in-order-to", "type": "clause", "offset": [818, 829]}, {"key": "reverse-stock-split", "type": "definition", "offset": [858, 877]}, {"key": "stock-combination", "type": "clause", "offset": [879, 896]}, {"key": "similar-event", "type": "clause", "offset": [924, 937]}, {"key": "class-a-stock", "type": "definition", "offset": [955, 968]}, {"key": "distributions-upon", "type": "clause", "offset": [1033, 1051]}, {"key": "to-the-extent", "type": "clause", "offset": [1095, 1108]}, {"key": "in-arrears", "type": "definition", "offset": [1150, 1160]}, {"key": "the-payment", "type": "clause", "offset": [1504, 1515]}, {"key": "record-and-payment-dates", "type": "clause", "offset": [1602, 1626]}, {"key": "dividends-or-other-distributions", "type": "clause", "offset": [1635, 1667]}, {"key": "distribution-period", "type": "clause", "offset": [1713, 1732]}, {"key": "not-prohibited", "type": "clause", "offset": [1748, 1762]}, {"key": "applicable-law", "type": "clause", "offset": [1766, 1780]}, {"key": "bpy-units", "type": "definition", "offset": [1882, 1891]}, {"key": "unpaid-distributions", "type": "definition", "offset": [2050, 2070]}, {"key": "no-interest", "type": "clause", "offset": [2125, 2136]}, {"key": "sum-of", "type": "clause", "offset": [2141, 2147]}, {"key": "in-lieu-of", "type": "clause", "offset": [2154, 2164]}, {"key": "payable-to", "type": "definition", "offset": [2193, 2203]}, {"key": "in-respect-of", "type": "definition", "offset": [2248, 2261]}, {"key": "payment-or-payments", "type": "clause", "offset": [2279, 2298]}], "size": 5, "hash": "cf64635b877fb08f8bf6abf00fc1b82f", "id": 6}, {"snippet": "Subject to the rights of the holders of Preferred Units ranking senior to or on parity with the Series J Preferred Units, the holders of Series J Preferred Units shall be entitled to receive on each Distribution Payment Date, out of assets of the Partnership legally available for the payment of the distributions, monthly cumulative cash distributions at the following rates per annum on the $1,000 liquidation preference per Series J Preferred Unit:\n(i) during such periods as the Series J Preferred Units are Base Rate Units, the Base Rate plus the Applicable Margin;\n(ii) during such periods as the Series J Preferred Units are LIBOR Units, the LIBOR Rate for such period plus the Applicable Margin; and\n(iii) (an amount equal to any fees payable under the Credit Agreement during such periods resulting from or arising out of borrowings or the ability to borrow under the Credit Agreement. Notwithstanding anything to the contrary contained herein, during any period when an Event of Default exists (as such term is defined in the Credit Agreement), the holders of Series J Preferred Units shall be entitled to receive on each Distribution Payment Date, cash distributions at the applicable Default Rate on $1,000 liquidation preference per Unit and all distributions thereon not paid when due. In addition to any distributions due under this Section 6, the Partnership shall pay to holders of Series J Preferred Units a late payment premium in the amount of two percent (2%) of any payments of distributions made after the Distribution Payment Date.", "samples": [{"hash": "eS7ZpivzbI", "uri": "/contracts/eS7ZpivzbI#regular-distributions", "label": "Limited Partnership Agreement (Brookfield Property REIT Inc.)", "score": 29.6543464661, "published": true}, {"hash": "70Ib9BhqfJB", "uri": "/contracts/70Ib9BhqfJB#regular-distributions", "label": "Merger Agreement (Brookfield Property Partners L.P.)", "score": 29.238193512, "published": true}, {"hash": "OTIw2qFpev", "uri": "/contracts/OTIw2qFpev#regular-distributions", "label": "Merger Agreement (Brookfield Asset Management Inc.)", "score": 29.2354545593, "published": true}], "snippet_links": [{"key": "rights-of-the-holders", "type": "clause", "offset": [15, 36]}, {"key": "series-j-preferred-units", "type": "definition", "offset": [96, 120]}, {"key": "holders-of-series", "type": "clause", "offset": [126, 143]}, {"key": "to-receive", "type": "definition", "offset": [180, 190]}, {"key": "distribution-payment-date", "type": "definition", "offset": [199, 224]}, {"key": "assets-of-the-partnership", "type": "clause", "offset": [233, 258]}, {"key": "the-distributions", "type": "clause", "offset": [296, 313]}, {"key": "cumulative-cash-distributions", "type": "clause", "offset": [323, 352]}, {"key": "per-annum", "type": "clause", "offset": [376, 385]}, {"key": "liquidation-preference", "type": "clause", "offset": [400, 422]}, {"key": "the-base-rate", "type": "definition", "offset": [529, 542]}, {"key": "applicable-margin", "type": "clause", "offset": [552, 569]}, {"key": "libor-rate", "type": "definition", "offset": [649, 659]}, {"key": "equal-to", "type": "definition", "offset": [725, 733]}, {"key": "fees-payable", "type": "definition", "offset": [738, 750]}, {"key": "the-credit-agreement", "type": "clause", "offset": [757, 777]}, {"key": "resulting-from", "type": "definition", "offset": [798, 812]}, {"key": "arising-out-of", "type": "definition", "offset": [816, 830]}, {"key": "to-borrow", "type": "clause", "offset": [857, 866]}, {"key": "notwithstanding-anything-to-the-contrary-contained", "type": "clause", "offset": [895, 945]}, {"key": "event-of-default-exists", "type": "clause", "offset": [980, 1003]}, {"key": "default-rate", "type": "definition", "offset": [1196, 1208]}, {"key": "in-addition-to", "type": "clause", "offset": [1300, 1314]}, {"key": "section-6", "type": "definition", "offset": [1348, 1357]}, {"key": "to-holders", "type": "clause", "offset": [1385, 1395]}, {"key": "late-payment-premium", "type": "definition", "offset": [1426, 1446]}, {"key": "payments-of-distributions", "type": "clause", "offset": [1488, 1513]}], "size": 5, "hash": "5c5dd0177779f317b567b8cceecb0408", "id": 7}, {"snippet": "Except for distributions pursuant to Section 13.2 in connection with the dissolution and liquidation of the Partnership, and subject to the provisions of Sections 5.3, 5.4, and 5.5, the General Partner shall cause the Partnership to distribute, from time to time as determined by the General Partner, but in any event not less frequently than quarterly, all Available Cash, to the Partners, in accordance with each Partner's respective Percentage Interest; provided, however, that in no event may a Partner receive a distribution of Available Cash with respect to an OP Unit if such Partner is entitled to receive a distribution out of such Available Cash with respect to a Share for which such OP Unit has been exchanged.", "samples": [{"hash": "hx3xZ8bUBT2", "uri": "/contracts/hx3xZ8bUBT2#regular-distributions", "label": "Limited Partnership Agreement (Kramont Realty Trust)", "score": 19.0, "published": true}, {"hash": "l9l1gPnGAlc", "uri": "/contracts/l9l1gPnGAlc#regular-distributions", "label": "Merger Agreement (Cv Reit Inc)", "score": 18.0, "published": true}, {"hash": "hLom27ZIkhP", "uri": "/contracts/hLom27ZIkhP#regular-distributions", "label": "Merger Agreement (Kranzco Realty Trust)", "score": 18.0, "published": true}], "snippet_links": [{"key": "section-132", "type": "clause", "offset": [37, 49]}, {"key": "in-connection-with", "type": "clause", "offset": [50, 68]}, {"key": "dissolution-and-liquidation-of-the-partnership", "type": "clause", "offset": [73, 119]}, {"key": "the-provisions-of", "type": "clause", "offset": [136, 153]}, {"key": "to-distribute", "type": "definition", "offset": [230, 243]}, {"key": "from-time-to-time", "type": "clause", "offset": [245, 262]}, {"key": "by-the-general-partner", "type": "clause", "offset": [277, 299]}, {"key": "in-accordance-with", "type": "definition", "offset": [391, 409]}, {"key": "percentage-interest", "type": "definition", "offset": [436, 455]}, {"key": "in-no-event", "type": "clause", "offset": [481, 492]}, {"key": "distribution-of-available-cash", "type": "clause", "offset": [517, 547]}, {"key": "with-respect-to-an", "type": "clause", "offset": [548, 566]}, {"key": "op-unit", "type": "definition", "offset": [567, 574]}, {"key": "to-receive", "type": "definition", "offset": [603, 613]}, {"key": "a-share", "type": "definition", "offset": [672, 679]}], "size": 5, "hash": "ddfb1a6c7c00ccbe37417986524f9a71", "id": 8}, {"snippet": "Subject to Section 3.4(b), Regular Distributions shall be made,\n(a) first, to the Class A Members, pro rata in accordance with their respective Unreturned Capital Contributions, until the amount of each Class A Member\u2019s Unreturned Capital Contributions have been reduced to zero; and\n(b) thereafter, 100% to the Class A Members and Class B Members in respect of their vested Class B Units, pro rata, in accordance with their respective number of outstanding Class A Units and vested Class B Units. Notwithstanding the foregoing, no holder of a Class B Unit issued after the date hereof shall be entitled to receive any distributions (other than Tax Distributions) with respect to such Class B Unit unless and until the aggregate amount of distributions made after the issuance of such Class B Unit to the Members in respect of their Units outstanding at the time of the issuance of such Class B Unit equals the Hurdle Amount with respect to such Class B Unit. For purposes of determining the amount of distributions under this Section 5.2, each Member holding a Unit shall be treated as having received any amounts received by any prior Member holding such Unit in connection with any prior distributions made under this Section 5.2.", "samples": [{"hash": "9l8TebhyD3m", "uri": "/contracts/9l8TebhyD3m#regular-distributions", "label": "Limited Liability Company Agreement (Black Knight, Inc.)", "score": 32.1540031433, "published": true}, {"hash": "eZVb6mO83VD", "uri": "/contracts/eZVb6mO83VD#regular-distributions", "label": "Limited Liability Company Agreement (Black Knight, Inc.)", "score": 31.7104721069, "published": true}], "snippet_links": [{"key": "subject-to-section", "type": "clause", "offset": [0, 18]}, {"key": "class-a-members", "type": "clause", "offset": [82, 97]}, {"key": "pro-rata", "type": "clause", "offset": [99, 107]}, {"key": "in-accordance-with", "type": "definition", "offset": [108, 126]}, {"key": "unreturned-capital-contributions", "type": "definition", "offset": [144, 176]}, {"key": "to-zero", "type": "definition", "offset": [271, 278]}, {"key": "class-b-members", "type": "definition", "offset": [332, 347]}, {"key": "in-respect-of", "type": "definition", "offset": [348, 361]}, {"key": "vested-class-b-units", "type": "definition", "offset": [368, 388]}, {"key": "number-of", "type": "clause", "offset": [436, 445]}, {"key": "class-a-units", "type": "definition", "offset": [458, 471]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [498, 527]}, {"key": "a-class", "type": "definition", "offset": [542, 549]}, {"key": "date-hereof", "type": "clause", "offset": [574, 585]}, {"key": "to-receive", "type": "definition", "offset": [604, 614]}, {"key": "tax-distributions", "type": "definition", "offset": [645, 662]}, {"key": "with-respect-to", "type": "clause", "offset": [664, 679]}, {"key": "amount-of-distributions", "type": "clause", "offset": [729, 752]}, {"key": "the-issuance", "type": "clause", "offset": [764, 776]}, {"key": "to-the-members", "type": "clause", "offset": [798, 812]}, {"key": "units-outstanding", "type": "clause", "offset": [833, 850]}, {"key": "time-of-the", "type": "clause", "offset": [858, 869]}, {"key": "hurdle-amount", "type": "definition", "offset": [911, 924]}, {"key": "for-purposes-of", "type": "clause", "offset": [960, 975]}, {"key": "section-52", "type": "clause", "offset": [1027, 1038]}, {"key": "each-member", "type": "definition", "offset": [1040, 1051]}, {"key": "received-by", "type": "definition", "offset": [1115, 1126]}, {"key": "such-unit", "type": "definition", "offset": [1152, 1161]}, {"key": "in-connection-with", "type": "clause", "offset": [1162, 1180]}, {"key": "prior-distributions", "type": "definition", "offset": [1185, 1204]}], "size": 5, "hash": "612ecd9ac100115ee28e82d63d9dfc35", "id": 9}, {"snippet": "Except with the Specified Approval of the Members, subject to Section 8.6(d) and Section 9.1(c), and in compliance with the terms of the DOE Loan, all Available Cash of the Company shall be distributed to the Members on a quarterly basis (within fifteen (15) Business Days following the commencement of each calendar quarter), or at such additional time or times as the Board of Directors determines, as follows:\n(i) first, in the event that any amount (A) under any GM Letter of Credit is drawn, to GM until such time as GM has received aggregate distributions equal to such drawn amount (and such distributions shall reduce the drawn amount thereunder) or (B) under any LAC Guarantee is called and paid by LAC, and (1) if no amount under any GM Letter of Credit has been drawn and remains outstanding, to LAC until such time as LAC has received aggregate distributions equal to (x) such called and paid amount, multiplied by (y) the Proportionate Interests of Members other than LAC and its Affiliates or (2) if both amounts under a LAC Guarantee have been called and paid and amounts under the GM Letter of Credit have been drawn and such amounts are outstanding, to LAC and GM pro rata in proportion to the amounts required to be paid to LAC and GM until such time as both LAC and GM have received aggregate distributions equal to such respective amounts (and with respect to such distributions to GM, shall reduce the drawn amount under the GM Letter of Credit);\n(ii) second, to LAC until LAC has received an amount equal to the Accrued Incentive Plan Costs and Accrued Management Costs, if any;\n(iii) third, only if such distribution is for the last calendar quarter of the calendar year, to LAC, an amount equal to the Net Incentive Plan Costs for such calendar year; provided, however, that in the event that there is not sufficient Available Cash to distribute an amount to LAC equal to the Net Incentive Plan Costs for such calendar year, the remainder of such Net Incentive Plan Costs shall be deemed to be Accrued Incentive Plan Costs in the immediately subsequent quarter for purposes of this Section 9.1(a); and\n(iv) thereafter, any remaining amount of Available Cash shall be distributed pro rata in proportion to their respective Proportionate Interests (subject to Section 3.6).", "samples": [{"hash": "faa4T6xxMdg", "uri": "/contracts/faa4T6xxMdg#regular-distributions", "label": "Limited Liability Company Agreement (Lithium Americas Corp.)", "score": 37.09034729, "published": true}], "snippet_links": [{"key": "approval-of-the-members", "type": "definition", "offset": [26, 49]}, {"key": "subject-to-section", "type": "clause", "offset": [51, 69]}, {"key": "terms-of-the", "type": "clause", "offset": [124, 136]}, {"key": "doe-loan", "type": "definition", "offset": [137, 145]}, {"key": "available-cash", "type": "clause", "offset": [151, 165]}, {"key": "the-company-shall", "type": "clause", "offset": [169, 186]}, {"key": "to-the-members", "type": "clause", "offset": [202, 216]}, {"key": "on-a-quarterly-basis", "type": "definition", "offset": [217, 237]}, {"key": "business-days", "type": "definition", "offset": [259, 272]}, {"key": "following-the", "type": "definition", "offset": [273, 286]}, {"key": "commencement-of", "type": "clause", "offset": [287, 302]}, {"key": "additional-time", "type": "clause", "offset": [338, 353]}, {"key": "the-board-of-directors", "type": "definition", "offset": [366, 388]}, {"key": "in-the-event", "type": "clause", "offset": [424, 436]}, {"key": "letter-of-credit", "type": "definition", "offset": [470, 486]}, {"key": "aggregate-distributions", "type": "definition", "offset": [538, 561]}, {"key": "equal-to", "type": "definition", "offset": [562, 570]}, {"key": "drawn-amount", "type": "definition", "offset": [576, 588]}, {"key": "paid-amount", "type": "definition", "offset": [900, 911]}, {"key": "interests-of-members", "type": "clause", "offset": [949, 969]}, {"key": "pro-rata", "type": "clause", "offset": [1181, 1189]}, {"key": "with-respect-to", "type": "clause", "offset": [1364, 1379]}, {"key": "distributions-to", "type": "clause", "offset": [1385, 1401]}, {"key": "the-accrued", "type": "clause", "offset": [1530, 1541]}, {"key": "plan-costs", "type": "definition", "offset": [1552, 1562]}, {"key": "management-costs", "type": "definition", "offset": [1575, 1591]}, {"key": "last-calendar-quarter", "type": "clause", "offset": [1651, 1672]}, {"key": "calendar-year", "type": "definition", "offset": [1680, 1693]}, {"key": "the-net", "type": "clause", "offset": [1722, 1729]}, {"key": "to-distribute", "type": "definition", "offset": [1856, 1869]}, {"key": "subsequent-quarter", "type": "definition", "offset": [2066, 2084]}, {"key": "for-purposes-of-this-section", "type": "clause", "offset": [2085, 2113]}, {"key": "remaining-amount", "type": "definition", "offset": [2147, 2163]}, {"key": "section-36", "type": "clause", "offset": [2282, 2293]}], "size": 5, "hash": "6d210f8668d7ad7457bd4c072d36d37e", "id": 10}], "next_curs": "Cl4SWGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjoLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih5yZWd1bGFyLWRpc3RyaWJ1dGlvbnMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"children": [["accumulation-and-payment-of-regular-distributions", "Accumulation and Payment of Regular Distributions"], ["computation-of-accumulated-regular-distributions", "Computation of Accumulated Regular Distributions"], ["priority-of-the-application-of-regular-distribution-payments-to-arrearages", "Priority of the Application of Regular Distribution Payments to Arrearages"], ["generally", "Generally"], ["performance-pipr-true-up", "Performance PIPR True-Up"]], "parents": [["distributions", "Distributions"], ["payment-date-distributions-from-the-collections-account", "Payment Date Distributions From the Collections Account"], ["allocations-and-distributions", "Allocations and Distributions"], ["performance-by-the-public-reit", "Performance by the Public REIT"], ["conversion-rights", "Conversion Rights"]], "size": 126, "title": "Regular Distributions", "id": "regular-distributions", "related": [["remic-distributions", "REMIC Distributions", "REMIC Distributions"], ["residual-distributions", "Residual Distributions", "Residual Distributions"], ["interim-distributions", "Interim Distributions", "Interim Distributions"], ["final-distributions", "Final Distributions", "Final Distributions"], ["pro-rata-distributions", "Pro Rata Distributions", "Pro Rata Distributions"]], "related_snippets": [], "updated": "2026-06-04T06:08:35+00:00"}, "json": true, "cursor": ""}}