Distributions of Operating Cash Sample Clauses

Distributions of Operating Cash. Distributions of Operating Cash shall be made in the following order and priority:
Sample 1
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Distributions of Operating Cash. The Company shall cause distributions of Operating Cash to be made in the following order and priority:
Sample 1
Distributions of Operating Cash. Except as set forth in Section 6.6(c), Operating Cash for any particular period shall be distributed to the Members in proportion to their Percentage Interests. Quarterly distributions shall be made on the last day of each calendar quarter unless such day is not a Business Day in which event the distribution shall be made on the last Business Day of such quarter. Annual distributions shall be made on December 31 of each year unless such day is not a Business Day in which event the distribution will be made on the last Business Day of the year.
Sample 1
Distributions of Operating Cash. Operating Cash shall be distributed to the Members, pro rata based on the Members’ respective Capital Ratios, except that no Operating Cash shall be distributed to the Members until all Default Loans and Priority Loans are paid in full.
Sample 1
Distributions of Operating Cash. Subject to Section 10(a), Operating Cash, if any, shall be distributed to the Members, at such times as the Board of Managers may determine, in the following manner: one hundred percent (100%) to Members with an Unreturned Capital Contribution on a pro-rata basis in proportion to their Percentage Interests until such time as all Unreturned Capital Contributions are repaid in full, and thereafter to all Members on a pro-rata basis in proportion to their Percentage Interests. The Company shall be operated to maximize the returns to Members in the following manner: (i) the Company’s sole purpose shall be for web and app based marketplace for consumer goods and such purpose may only be amended by a vote of more than two thirds of the Members, (ii) all expenditures shall be made using reasonable business judgment and in good faith to maximize the return to Members (balancing present and future returns as the Board reasonably determines); and (iii) all salaries, bonuses, fees, benefits and expenses shall be reasonably determined by the Board (it being recognized that Members who are employees of or are otherwise service providers to the Company shall not use salaries, bonuses, benefits, fees or expenses as a method of maximizing income from the Company to the detriment of distributions to other Members).
Sample 1

Related to Distributions of Operating Cash

  • Distributions of Net Cash Flow The Net Cash Flow of the Partnership for each calendar year, shall be distributed to the Partners from time to time, in the discretion of the General Partner, in accordance with the Percentage Interests of the Partners.

  • Distributions of Cash Flow Cash flow for each taxable year of the Company shall be distributed to the Member at such times and in such amounts as the Member shall determine.

  • Distributions of Available Cash From Operating Surplus (a) During Subordination Period. Available Cash with respect to any Quarter within the Subordination Period that is deemed to be Operating Surplus pursuant to the provisions of Section 6.3 or 6.5 shall, subject to Section 17-607 of the Delaware Act, be distributed as follows, except as otherwise contemplated by Section 5.6 in respect of other Partnership Securities issued pursuant thereto:

  • Distributions of Available Cash An amount equal to 100% of Available Cash with respect to each fiscal quarter of the Partnership shall be distributed to the Partners within forty-five days after the end of such quarter as follows:

  • Operating Cash Flow As used in this Agreement, “Operating Cash Flow” shall mean and be defined, for any fiscal period, as all cash receipts of the Partnership from whatever source (but excluding Capital Cash Flow and excluding the proceeds of any Capital Contributions to the Partnership) during such period in question in excess of all items of Partnership expense (other than non-cash expenses such as depreciation) and other cash needs of the Partnership, including, without limitation, amounts paid by the Partnership as principal on debts and advances, during such period, capital expenditures and any reserves (as determined by the Managing General Partner) established or increased during such period. Operating Cash Flow shall be distributed to or for the benefit of the Partners of record as of the applicable record date not less frequently than quarterly, and shall be allocated among the Partners as follows:

  • Distributions of Available Cash from Capital Surplus Available Cash that is deemed to be Capital Surplus pursuant to the provisions of Section 6.3(a) shall be distributed, unless the provisions of Section 6.3 require otherwise, to the General Partner and the Unitholders, Pro Rata, until a hypothetical holder of a Common Unit acquired on the Closing Date has received with respect to such Common Unit distributions of Available Cash that are deemed to be Capital Surplus in an aggregate amount equal to the Initial Unit Price. Available Cash that is deemed to be Capital Surplus shall then be distributed (A) to the General Partner in accordance with its Percentage Interest and (B) to all Unitholders holding Common Units, Pro Rata, a percentage equal to 100% less the General Partner’s Percentage Interest, until there has been distributed in respect of each Common Unit then Outstanding an amount equal to the Cumulative Common Unit Arrearage. Thereafter, all Available Cash shall be distributed as if it were Operating Surplus and shall be distributed in accordance with Section 6.4.

  • Cash Flow Distributions The Cash Flow of the Company, if any, shall be distributed to the Member subject to any limitations on the Company’s ability to make distributions imposed by the Company’s lenders or by applicable law.

  • Payment of Operating Expenses Subject to the provisions of Section 6.08(c), Borrower will (i) pay the expenses of operating, managing, maintaining and repairing the Mortgaged Property (including utilities, Repairs and Capital Replacements) before the last date upon which each such payment may be made without any penalty or interest charge being added, and (ii) pay Insurance premiums at least 30 days prior to the expiration date of each policy of Insurance, unless applicable law specifies some lesser period.

  • Distributions of Distributable Cash Except as otherwise provided in Article VII hereof, Distributable Cash for each Fiscal Year may be distributed to the Holders at such times, if any, and in such amounts as shall be determined in the sole discretion of the Trustees. In exercising such discretion, the Trustees shall distribute such Distributable Cash so that Holders that are regulated investment companies can comply with the distribution requirements set forth in Code Section 852 and avoid the excise tax imposed by Code Section 4982.

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