Sharing of Distributions. The Members are entitled to receive distributions of cash or other assets from the Company when approved by the action of all Members. The Company may not make any distribution that will impair the ability of the Company to pay its debts and obligations as they mature. Any distributions shall be made on the basis of the current membership interest of the Members.
Sharing of Distributions. Except as provided in Article VIII, distributions shall be made in accordance with the Members’ Ownership Interests at the time of distribution.
Sharing of Distributions. (a) Except as provided in Section 2.3, until the OII or RGC Obligations are paid in full, in the event OII or RGC receives any Distribution which otherwise would be payable or deliverable upon or with respect to the RGC Obligations or OII Obligations, respectively, such Distribution shall be received and held in trust for the benefit of OII or RGC, respectively, shall be segregated from other funds and property held by RGC or OII, respectively, and shall be forthwith paid over to OII or RGC, respectively, in the same form as so received (with any necessary endorsement) to be applied (in the case of cash) to or held as collateral (in the case of noncash property or securities) for the payment or prepayment of the Obligations in accordance with Section 2.5(b).
Sharing of Distributions. (a) Subject to Sections 5.4(b), 5.4(c) and 12.2, all distributions shall be made to the Members in proportion to their respective Sharing Ratios.
Sharing of Distributions. Any distributions, including ------------------------ distributions in kind of assets of the Partnership, shall be made in accordance with the Partners' Ownership Interest at the time of distribution. Except as the Partners may otherwise agree, all distributions, other than distributions to be made upon the dissolution of the Partnership, shall be made in cash. At any time that any distribution is made upon the dissolution of the Partnership, the Partner or other person responsible for making such distribution shall, to the maximum extent possible, distribute in kind those assets contributed to the Partnership pursuant to Section 2.2.b. hereof to the Partner who so contributed such assets. Any such distributions in kind shall be valued at the fair market value of such assets at the time of distribution; provided, however, that in connection with any distribution in kind made pursuant to this Section 4.1 on or before the second anniversary of the Formation Date, those assets contributed to the Partnership pursuant to Section 2.2.b hereof shall be deemed to have the value attributed to them pursuant to Section 2.6 hereof. All assets, other than those originally contributed to the Partnership pursuant to Section 2.2.b. shall, to the maximum extent possible, be distributed in kind among the Partners and shall be valued at the fair market value of such assets at the time of distribution. If the fair market value at the time of distribution of the assets initially contributed by any Partner pursuant to Section 2.2.b. is such that the distribution of such assets to the contributing Partner would constitute an over-distribution to such Partner, such Partner may elect to accept the distribution in kind of such assets and pay in cash to the Partnership the amount of the over-distribution. To the extent that distributions in kind cannot be made as contemplated hereby, the assets of the Partnership shall be sold and distributions shall be paid in cash or other property received by the Partnership upon such sale.
Sharing of Distributions. 5.2.1 All distributions, other than in liquidation of the Company, shall be made in accordance with the Percentage Interests of the Members.
Sharing of Distributions. All distributions attributable to the Membership Interests will be allocated and made to the Members in proportion to their respective Sharing Ratios.
Sharing of Distributions. Except as provided in Section 10.2, distributions shall be shared by the Members in accordance with Sharing Percentages, except that the term “Cash Payout” shall be substituted for “Payout” wherever it applies in the definition of Sharing Percentages. In making any distribution pursuant to this Section 5.5(b) that results in Cash Payout, such distribution shall be bifurcated into a portion which causes Cash Payout, which shall be distributed in accordance with pre-Payout Sharing Percentages, and the remainder, which shall be distributed in accordance with post-Payout Sharing Percentages.
Sharing of Distributions. Except for preferential or disproportionate distributions to the extent expressly provided for in this Agreement (including those set forth in Sections 4.1(f)(ii) and 12.2), all distributions attributable to the Partnership Interests of the Company paid in cash, property, or equity ownership of the Company will be allocated and made to the Parties in proportion to their respective Partnership Interests.
Sharing of Distributions. 35 5.5. Reserves.............................................................36 5.6. Distribution Restrictions............................................36
