Ordinary Distributions. Subject to the provisions of Section 6.4 upon the approval of a majority of the Board, the Company may make distributions (in amounts to be determined by the Board) to Members in proportion to their respective Common Interest Percentages.
Ordinary Distributions. Subject to Sections 3.3(a)(ii) and (iii), the Company shall make Ordinary Distributions in such amounts and at such times as the Board shall determine from time to time. If Ordinary Distributions are to be made of securities or other assets owned by the Company, in kind, the Board shall determine in good faith the fair market value of such securities and other assets. Ordinary Distributions shall be made among the Members in proportion to their respective Percentage Interests.
Ordinary Distributions. To the extent permitted by applicable Law and hereunder, Distributions to Members may be declared by the Managing Member out of funds or property in such amounts and on such terms (including the payment dates of such Distributions) as the Managing Member shall determine using such record date as the Managing Member may designate; such Distributions shall be made to the Members as of the close of business on such record date, subject to any Unit Designation and Section 4.01(b), on a pro rata basis in accordance with each Member’s Percentage Interest as of the close of business on such record date; provided, however, that the Company shall have the obligation to make Distributions as set forth in Sections 4.01(c) and Article XIV; and provided further that, notwithstanding any other provision herein to the contrary, no Distributions shall be made to any Member to the extent such Distribution would render the Company insolvent. For purposes of the foregoing sentence, insolvency means the inability of the Company to meet its payment obligations when due as determined by the Managing Member in its sole discretion. Promptly following the designation of a record date and the declaration of a Distribution pursuant to this Section 4.01(a), the Managing Member shall give notice to each Member of the record date, the amount and the terms of the Distribution and the payment date thereof.
Ordinary Distributions. Subject to the provisions of Section 6.4, after provision for sufficient working capital consistent with good fiscal operating policy and management and such other reserves and needs as the Manager, in its sole and absolute discretion, shall deem necessary, the Manager shall cause the Preferred Return, or any available portion thereof, to be distributed to Members promptly following the end of each month and all other Distributable Cash to be distributed promptly following the end of each fiscal quarter. Distributions of Distributable Cash shall be distributed to Members as follows: (a) first, in proportion to the difference between (i) each Member’s accrued Preferred Return and (ii) aggregate distributions made to that Member pursuant to this Section 6.2(a); and (b) thereafter, in proportion to their respective Percentage Interest.
Ordinary Distributions. The Partners agree that the Company shall, promptly as practicable after the end of each fiscal year, distribute dividends up to a maximum amount equal to the annual profit after tax but only if and to the extent the Company: (a) has reached and can be expected to maintain a level of consolidation required by Swedish law; and (b) has ensured that its future requirements for budgeted capital expenditure consistent with good fiscal operating policy and management, including taxes payable are secured; all as shall be determined by the Board (the "Distributable Proceeds").
Ordinary Distributions. Ordinary Distributions shall be apportioned and allocated among the Members as follows:
Ordinary Distributions. If at any time and from time to time (other than in connection with the dissolution and termination of the Company pursuant to Article 15), the Management Committee determines that the Company has cash (or may draw on unfunded loan commitments to the extent permitted by the Financing Documents) that is not required for the operations of the Company, the payment of liabilities or expenses of the Company, the payment of the Special Distribution, Priority Distributions, Reimbursable Member Expenses and Reimbursable Project Management Expenses or the setting aside of reserves to meet the anticipated cash needs of the Company, unless the Management Committee shall decide otherwise, it shall cause the Company to distribute such available cash, or draw on any unfunded loan commitments to the extent permitted by the Financing Documents, and distribute all or any portion of that excess cash and drawdown funds to the Members Pro Rata, subject to the provisions of the Financing Documents. In addition, within thirty (30) days following the Commercial Operation Date, unless the Management Committee shall decide otherwise, it shall cause the Company to distribute to the Members Pro Rata, the Development Fees, subject to the provisions of the Financing Documents.
Ordinary Distributions. Distributions to the Members shall be made in such aggregate amounts and at such times as shall be determined by the Board; provided, however, that distributions shall be made quarterly of any available cash representing distributions received by the Company from the Partnership. Except as provided in Sections 6.02 and 6.03, any such distributions shall (after the repayment of any loans from Members pursuant to Section 5.02) be distributed among the Members as follows:
Ordinary Distributions. In the Manager’s discretion subject to the limitations of the Act and this Agreement, the Manager shall make prompt distributions of Available Cash (and in any event within 30 days after receipt of proceeds from a Portfolio Company) resulting from receipts attributable to, or proceeds from the disposition of, a Tranche to the Participating Members as follows:
Ordinary Distributions. Subject to the provisions of section 4.5, and after provision for such needs as the General Partners, in their sole discretion, shall deem appropriate, distributions shall be made as follows:
