Distribution of Cash Flow. A. Subject to Lender approval, if required, Cash Flow shall be determined for each fiscal year and shall be applied or distributed at such time or times as the General Partner deems appropriate, but in no event less than once in each fiscal year, in the following order of priority:
Distribution of Cash Flow. Distributions may be declared from time to time by the Members pursuant to Section 4.2 hereof, provided, however, that the Managing Manager shall automatically cause the Company to distribute, on or before April 15 of each year, the amount required to pay each Member’s estimated federal, state, and local tax liability arising from the profits of the Company, which shall be calculated at forty percent (40%) of the Company’s profits and shall be made in accordance with Actual Unit Ownership except that Distribution in anticipation of a Dissolution Event or subsequent to a Dissolution Event shall be made as provided in Section 10.2 hereof.
Distribution of Cash Flow. A. Subject to Lender approval, if required, Cash Flow shall be determined for each fiscal year and shall be applied or distributed at such time or times as the General Partner deems appropriate, but in no event less than once in each fiscal year, in the following order of priority: (a) [Intentionally Omitted] (b) First, to payment to the Developer of the Deferred Development Fee; (c) Second, to repayment of any amounts due with respect to any Tenant Transition Fund Loans made under Section 8.18(b); (d) Third, to payment of the Asset Management Fee currently due; (e) Fourth, to repayment of any amounts due with respect to any Subordinated Loans (including, without limitation, Operating Deficit Loans made under Section 8.09(b)); (f) Fifth to payment of the Partnership Incentive Management Fee currently due; (g) [Intentionally Omitted] (h) Sixth, to discretionary payments on the Preservation Loan; (i) Seventh, to pay any accrued but unpaid Asset Management Fees; and (j) Any balance, 70.1% to the General Partner and 20% to the Investment Partnership, and 9.9% to the Class A Limited Partner. Section 11.04. Distributions of Distributable Proceeds from Capital Transactions and Distributable Proceeds from Refinancings. A. Distributable Proceeds from Capital Transactions and Distributable Proceeds from Refinancings (other than liquidating distributions pursuant to Section 12.02) shall be distributed in the following order of priority: (a) First, to the payment of any debts and liabilities (including unpaid fees but excluding any debts, liabilities and/or fees owed to any Partners) and to the establishment of any required reserves; (b) [Intentionally Omitted] (c) Second, to the payment of any debts and liabilities (including unpaid fees) owed to the Partners or any Affiliates by the Partnership forPartnership obligations, including the repayment of any Credit Recovery Loans made pursuant to Section 5.01(d)(iii), any Operating Deficit Loans made pursuant to Section 8.09(b) or any Tenant Transition Fund Loans made pursuant to Section 8.18(b) and the funding of reserves under Section 8.18; provided, however, that the foregoing debts and liabilities owed to Partners and their Affiliates shall be paid or repaid, as applicable, in the following order of priority if and to the extent applicable: (1) The Asset Management Fees currently due, if any, together with any accrued and unpaid Asset Management Fees; (2) The repayment of the Investment Partnership of any Reduction Am...
Distribution of Cash Flow. All funds so determined by the Board of Directors to be available for distribution shall be distributed as follows:
Distribution of Cash Flow. Manager shall distribute cash flow from the operation of the Property to the extent available in accordance with all regulatory agreements applicable to the Property and the Owner's limited partnership agreement, and as and when directed by Owner.
Distribution of Cash Flow. Except as otherwise provided in Section 4.8.1 with respect to distributions upon liquidation of the Company, Cash Flow for each taxable year of the Company shall be distributed to the Interest Holders as and when determined by the Manager, provided that each Member shall be distributed Cash Flow within sixty (60) days of the end of each taxable year at least equal to fifty percent of said Member’s allocated Profit for said taxable year, if any, unless the Members agree that a lesser distribution can be made. The Manager shall not, however, cause any distribution to be made which is projected to result in a negative balance in the Capital Account of any Member or Interest Holder as of the end of the Company’s taxable year in which such distribution would otherwise be made.
Distribution of Cash Flow. Within thirty (30) days after the end of each calendar quarter, the General Partner shall distribute the entire Cash Flow available for distribution (as determined by the General Partner in accordance with Section 5.1.1). All distributions shall be made in accordance with:
Distribution of Cash Flow. Except as otherwise provided herein, distributions shall be made to the Members in such amounts and at such intervals as the Board, in its discretion, shall determine. Distributions, to the extent made, shall be made pro rata according to each Member’s Membership Interest.
Distribution of Cash Flow. 9 4.3 Allocation of Profit or Loss.................................................................. 9 4.4
Distribution of Cash Flow. Subject to Section 4.4 hereof, Cash Flow for each taxable year of the Partnership shall be distributed to the Partners in proportion to their Percentages at such times as determined by the General Partner.
