Distributions Prior to Dissolution. The Partnership may distribute cash or property of the Partnership to the Partners prior to the dissolution of the Partnership at the discretion of the Managing Partner, and any such distributions shall be made to the Partners in proportion to their Capital Contributions until the Partners have received distributions equal to their respective Capital Contributions and thereafter to the Partners in accordance with their Partnership Interests.
Distributions Prior to Dissolution. 5.2.1. Prior to the dissolution of the Partnership pursuant to Section 16.1, distributions of Available Cash shall be made pursuant to this Section 5.2. Any distribution to the Special Limited Partner pursuant to Sections 5.2.2.2 to 5.2.2.4 shall be made to the Special Limited Partner in its capacity as the Special Limited Partner and without regard to the number of Special Limited Partner Units held by the Special Limited Partner.
Distributions Prior to Dissolution. 5.2.1 Prior to the dissolution of the Partnership pursuant to Section 17.1, distributions of Available Cash shall be made pursuant to this Section 5.2.
Distributions Prior to Dissolution. (a) Except as provided in Section 10.3 and Section 5.1(b), all distributions on and after the date of this Agreement shall be made to the Partners in proportion to their respective Percentage Interests.
Distributions Prior to Dissolution. (a) From time to time Packaging may make such distributions on behalf of the LLC as it in its sole discretion may determine are appropriate, without being limited to current or accumulated income or gains. Such distributions may be made from LLC revenues, borrowings or Capital Contributions. Packaging may in its sole discretion distribute to Members LLC property other than cash.
Distributions Prior to Dissolution. The Managing Member shall not make distributions to the Members, except as required by Section 10.3 or as approved by the GE Representative Member in accordance with Subsection 6.4(b)(x), which distributions shall be made to all Members in proportion to their Percentage Interests; provided, that, if any of PTLC or PAG is in breach of any Backstop Indemnity Obligation (the “Backstop Defaulting Member”), at the option of the GE Representative Member, any cash or cash equivalents on hand at the Company, except Permitted Working Capital, will be required to be distributed to all Members in proportion to their Percentage Interests, with any distributions otherwise payable to any Backstop Defaulting Member being paid by the Company directly to GECC to the extent of the GE Losses at such time; provided, further, that such distributions payable to a Backstop Defaulting Member but paid to GECC will be deemed paid to the Backstop Defaulting Member and directed by such Backstop Defaulting Member to be paid directly to GECC on behalf of such Backstop Defaulting Member; and provided, further, that in case of a breach of a Backstop Indemnity Obligation, in addition to or in lieu of its right to force distributions to the Members as described above, the GE Representative Member shall have the right to direct the Company to pay an amount owing by the Backstop Defaulting Member to GECC, up to the amount owed by such Backstop Defaulting Member, to GECC, which amount shall be treated as (a) loaned by the Company to the Backstop Defaulting Member(s), and (b) used by the Backstop Defaulting Member(s) to pay their Backstop Indemnity Obligation(s) to GECC. The loan described in clause (a) above shall (i) accrue interest at the Default Rate, and (ii) shall be payable on the Bonds Maturity Date.
Distributions Prior to Dissolution. (a) From time to time the General Partner may make such distributions as it in its sole discretion may determine are appropriate, without being limited to current or accumulated income or gains. Such distributions may be made from Partnership revenues, borrowings or Capital Contributions. The General Partner may in its sole discretion distribute to Partners Partnership property other than cash.
Distributions Prior to Dissolution. (a) Distributable Cash. Without any authorization necessary pursuant to Section 7.08 (except as provided otherwise in section 8.03(a)(iii)), an amount equal to 95% of the Net Distributable Income shall be distributed annually to the Members equally within 90 days after the end of each of the Company's Fiscal Years;
Distributions Prior to Dissolution. Prior to the Complete Indemnification Satisfaction Date, the Managing Member shall not make distributions to the Members, except (i) the deemed distributions to Members required or permitted by Article 10 or this Section 5.1, (ii) distributions to Members specifically approved in writing in advance by GECUSH, (iii) the redemption permitted by Article 12 and (iv) as expressly set forth in this Section 5.1 and Section 3.6(a) above. The Members recognize that under this Section 5.1, Article 10 and Article 12 distributions by the Company may not be in proportion to the Members’ Percentage Interests, and that Capital Contributions after the date hereof may cause the Capital Account balances of the Members to be disproportionate to their Percentage Interests. Following the PAG GE Obligations Payment Date, the Company may make distributions from the PAG Account to PAG and may direct that payments that would otherwise go into the PAG Account go directly to PAG. Following the PTLC GE Obligations Payment Date, the Company may make distributions from the PTLC Account to PTLC and may direct that payments that would otherwise go into the PTLC Account go directly to PTLC. Notwithstanding any other provision of this Section 5.1 or of Article 10 or Article 12, until the GE Termination Date, the Company will not make distributions that will cause it to dissolve.
Distributions Prior to Dissolution. A. All Cash Flow and all Net Cash Proceeds from Capital Transactions of the Partnership, exclusive of Net Cash Proceeds from Capital Transactions respecting an Other Partnership for which there is then in effect an Other Partnership Schedule, shall be distributed in accordance with the General Profit-Sharing Ratios specified on Schedule III hereto, and exclusively among the Partners specified in Schedule III, as in effect from time to time. The respective General Profit-Sharing Ratios specified on Schedule III may be changed at any time by the unanimous written consent of the Partners then specified on such Schedule who are adversely affected by such change. Such distributions shall be made by the General Partner from time to time, but not less frequently than annually, as they may deem consistent with the operating needs of the Partnership.
