Common use of Residual Amounts Clause in Contracts

Residual Amounts. Thereafter, eighty percent (80%) to such Member and twenty percent (20%) to the Class B Member in respect of its Class B Interest. Notwithstanding anything to the contrary contained herein, (i) the Managing Member may, in its sole discretion, waive any Transaction Distribution Amount distributable to the Managing Member on account of Interests held by Affiliates of the Managing Member and any amount so waived shall be distributed to the applicable Affiliate of the Managing Member and (ii) the Class B Member may, in its sole discretion, waive any Carried Interest distributable to the Class B Member on account of Interests held by Affiliates of the Class B Member and any amount so waived shall be distributed to the applicable Affiliate of the Class B Member.