Cash Flow Distribution. Except as otherwise provided in Section 6.2 hereof, the “Net Cash Flow” (as defined in Section 6.3) of the Company shall be distributed at such times as the Members deem advisable, but not less frequently than annually, to the Members in accordance with their respective Profit-sharing Percentages.
Cash Flow Distribution. After the Base Term Commencement Date and continuously thereafter while any Rent payments are due and owing Lessor, any equitable distribution of cash by Lessee to its members is subject to the approval of Lessor, which approval shall not be unreasonably withheld or delayed.
Cash Flow Distribution. 21.1 Annual Allocation to Three Funds After making up accumulative losses from previous years (if any), allocation(s) shall be made from the Joint Venture’s remaining after-tax profits for such Financial Year to the Three Funds in accordance with applicable PRC Laws. The amount allocated to the Enterprise Expansion Fund and the Staff and Workers Incentive and Welfare Fund shall be determined by the Board based on the business performance of the Joint Venture, provided that the amount to be allocated to the Reserve Fund shall in no circumstances exceed ten percent (10%) of the Joint Venture’s after-tax distributable profits for such Financial Year. The Joint Venture shall have no obligation to make any allocation to the Reserve Fund once the cumulative allocations to such Fund has reached fifty percent (50%) of the Joint Venture’s Registered Capital.
Cash Flow Distribution. “Waterfall”). As Fund income is received, the Fund plans to make payments in the following order of priority, which each Note Holder acknowledges and agrees: ● First to interest and principal payments on any Credit Facility; ● Second, to Note Holder interest, payable monthly; ● Third, to Company Expenses; ● Fourth, to Management Fees due Manager, payable monthly, and any other fees due Manager; ● Fifth, to repayment of maturing Notes, if any; ● Sixth, to distribution of remaining cash to the Manager.
Cash Flow Distribution. After the required allocation to the Three Funds as provided in Section 14.9, the Company may distribute all Available Cash to the Parties, pro rata to their equity shares in the Company, all distributable profits earned during each fiscal year in accordance with a plan approved by the Board. The Board may also decide to reinvest any portion of the distributable profits into the Company. "Available Cash" as used herein means the Company's after-tax profit less any make-up for losses from preceding years, any mandatory allocations to the Three Funds, and any short-term future funding requirements as provided in the Business Plan.
Cash Flow Distribution. Borrower will allocate (i) % of its residual receipts to make payments under the City Loan and (ii) % of its residual receipts to make payments under the City Loan and County Loan.
Cash Flow Distribution. Payments due to/from each Party shall be settled within thirty (30) days of billing. Profits or losses will be distributed according to Bellisio’s four (4) week fiscal periods within twenty (20) days after finalizing the Brand P&L Statement. __________________________________ *** Portions of this page have been omitted pursuant to a request for confidential treatment and filed separately with the Securities and Exchange Commission. *** Portions of this page have been omitted pursuant to a request for confidential treatment and filed separately with the Securities and Exchange Commission.
