Amounts Distributed Clause Samples

Amounts Distributed. Except as otherwise provided in Article XII, Cash Available for Distribution shall be distributed on the last Business Day of each Fiscal Quarter, or if such day is not a Business Day on the next succeeding Business Day (each such date, a "Distribution Date") to the Members in proportion to their Percentage Interests. The Manager shall cause any remaining Cash Available for Distribution to be invested in Permitted Assets.

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Amounts Distributed. (a) Except as otherwise provided in Section 5.1(b) and Section 12, the Executive Committee shall cause the Company to distribute cash at such time as the Executive Committee shall determine to the Members in accordance with their respective Percentage Interests. (b) Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to a Member on account of such Member’s Interests in the Company if such distribution would (i) violate the Act or other applicable law, (ii) constitute an event of default under any loan or revolving credit agreement to which the Company or any Affiliate is a party or a guarantor or (iii) cause such Member to have an Adjusted Capital Account Deficit.