Cash Flow Distributions. The Cash Flow of the Company, if any, shall be distributed to the Member subject to any limitations on the Company’s ability to make distributions imposed by the Company’s lenders or by applicable law.
Cash Flow Distributions. Cash Flow shall be distributed Pro Rata among the Partners. Notwithstanding the foregoing, if the Partners unanimously agree, the Partnership may distribute Cash Flow attributable to a sale of property in a non-Pro Rata manner.
Cash Flow Distributions. The Cash Flow of the Company, if any, shall be distributed to the Members subject to any limitations on the Company’s ability to make distributions imposed by the Company’s lender or by applicable law. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Members on account of its interest in the Company if such distribution would violate the Act or any other applicable law.
Cash Flow Distributions. Within 45 days after the completion of the first half of each of the Partnership's fiscal years, commencing with the first fiscal year in which any Investor Limited Partner shall be admitted to the Partnership, the Partnership will make a distribution of Cash Flow to the Partners, which distribution will be based upon an estimate by the General Partners of the Partnership's total Cash Flow for such year. Within 90 days after the end of each fiscal year, the Partnership's Cash Flow for such year will be determined and, after giving effect to the amount of Cash Flow previously distributed, the remainder will then be distributed to the Partners. Each such distribution of Cash Flow will be accompanied by a Cash Flow statement as required by Section 12.4(a) hereof. Each distribution of Cash Flow of the Partnership shall be made in the manner and amounts as follows:
Cash Flow Distributions. Cash Flow is to be distributed periodically as the Managing General Partner shall determine.
Cash Flow Distributions. Allocations of Profit and Loss; Changes in Percentages
Cash Flow Distributions. The Cash Flow of the Company shall be determined for each fiscal year. The Manager shall make periodic (and in no event less frequent than annual) distributions to the Members of the Cash Flow of the Company in the manner and amounts hereinafter provided: First, to repay principal and interest on outstanding Operating Loans; and Second, to the Members in accordance with their respective Percentage Interests in the Company.
Cash Flow Distributions. Unless modified by the Manager, and subject to Sections 4.4 and 4.5, and Section 9.1(b), the Manager may to the extent permitted by law, with respect to any Series, make distributions of cash generated by operations of the Company and the Company Subsidiaries subject to such Series in the ordinary course of business (but not other assets or cash, including proceeds of borrowing or other financing transactions or proceeds of asset sales, which shall be distributed in accordance with Section 9.1(b)) to the Members of such Series pro rata in proportion to their respective Percentage Interest in such Series.
Cash Flow Distributions. (a) Except as provided in Article Ten, within one hundred twenty (120) days after the last day of each Fiscal Year of the Partnership, the General Partner shall distribute the Cash Flow, if positive, of the Partnership for the preceding Fiscal Year to the Partners in accordance with their respective Percentage Interests in the Partnership. The Partners understand and agree that it is the General Partner’s present intention, although it is not obligated to do so, to repay all borrowings by the Partnership from Persons other than Partners before making any distributions.
(b) For purposes of this Agreement, “Cash Flow” for any time period means the amount of all cash receipts of the Partnership derived from all sources (including releases from reserves) other than from capital contributions and from proceeds of liquidation of Partnership assets under Article Ten, less (i) all cash expenditures of the Partnership during such period, including without limitation expenditures for accounting and legal fees, principal and interest payments due and currently payable in respect of loans made or arranged by the General Partner, including Partner Loans, any prepayments of any loans to the Partnership, payments to third party payors, payments of any amounts owing to Partners, lease payments, management fees paid to the General Partner or any Affiliate of the General Partner, taxes and other assessments, all governmental and quasi-governmental charges payable by the Partnership, and expenses incurred by or on behalf of the Partnership, and (ii) the amount, if any, which the General Partner determines in its business judgment is necessary or appropriate for working capital or other reserves for cash expenses and contingencies.
(c) If, for any fiscal year, the Partnership incurs income for federal income tax purposes without distributable Cash Flow, General Partner will, to the extent that it is reasonably able to do so, borrow money from third party lenders or its Affiliates in order to make distributions to the Partners sufficient to allow them to make payments of federal income taxes in respect of such income at the highest then prevailing federal marginal rate of individual taxation. Any loans made by the General Partner to the Partnership in order to fund such distributions shall bear interest at the General Partner’s then current cost of borrowing. Any other loans made in respect of such distributions shall bear interest at the then applicable rate charged by the ap...
Cash Flow Distributions. Distributions may be made by the Company on the vote of the Voting Members in their sole discretion. Unless the Voting Members act, the Managers shall distribute cash of the Company in excess of reasonable reserves established for current or future expenses of the Company (as determined by the Managers) to the Members (a “Cash Flow Distribution”). To the extent permitted by law, such amounts shall be distributed to the Members annually or more frequently as determined by the Managers. Each Cash Flow Distribution shall be paid to the Members in proportion to the number of Voting and Non-Voting Units owned by each Member.
