Cash from Operations. All cash receipts of the Company, minus all cash expenditures of the Company, including without limitation principal payments on indebtedness of the Company. Code. The Internal Revenue Code of 1986, as amended, or any corresponding or succeeding law. Company. The Delaware limited liability company organized pursuant to this Agreement and the Act.
Cash from Operations. 3
(a) Subject to Section 4.15(g)(i), Section 4.15(g)(ii) and Section 4.19(c), Available Cash with respect to any calendar quarter that is deemed to be Cash from Operations pursuant to the provisions of Section 5.3 or 5.7 shall be distributed to the Partners or retained by the Partnership as follows:
(i) Subject to Section 4.13(g)(ii), first, 100% in respect of the Series 1 Preferred Units, Pro Rata, until there has been distributed in respect of each Series 1 Preferred Unit then Outstanding an amount of cash equal to the Series 1 Preferred Unit Distribution Rate for such calendar quarter;
(ii) Subject to Section 4.13(g)(ii), second, 100% in respect of the Series 1 Preferred Units, Pro Rata, until there has been distributed in respect of each Series 1 Preferred Unit then Outstanding an amount of cash equal to the Cumulative Series 1 Preferred Unit Arrearage existing with respect to such calendar quarter;
(iii) Third, 98% in respect of the Class D Units, Class E Units, Class A Common Units, Class B Common Units and I-Units, Pro Rata, and 2% in respect of the General Partner’s Partnership Interest until the Partnership has distributed or retained in respect of each Class D Unit, Class E Unit, Class A Common Unit, Class B Common Unit and I-Unit then Outstanding an amount of cash equal to the Minimum Quarterly Distribution;
(iv) Fourth, 85% in respect of the Class D Units, Class E Units, Class A Common Units, Class B Common Units and I-Units, Pro Rata, and 15% in respect of the General Partner’s Partnership Interest until the Partnership has distributed or retained in respect of each Class D Unit, Class E Unit, Class A Common Unit, Class B Common Unit and I-Unit then Outstanding an amount of cash equal to the excess of the First Target Distribution over the Minimum Quarterly Distribution;3
(v) Fifth, 75% in respect of the Class D Units, Class E Units, Class A Common Units, Class B Common Units and I-Units, Pro Rata, and 25% in respect of the General Partner’s Partnership Interest until the Partnership has distributed or retained in respect of each Class D Unit, Class E Unit, Class A Common Unit, Class B Common Unit and I-Unit then Outstanding an amount of cash equal to the excess of the Second Target Distribution over the First Target Distribution; and3
(vi) Thereafter, 50% in respect of the Class D Units, Class E Units, Class A Common Units, Class B Common Units and I-Units, Pro Rata, and 50% in respect of the General Partner’s Partnership Interest.3 The foreg...
Cash from Operations. Except as otherwise provided in Section 13, Cash From Operations with respect to each calendar year shall be distributed to each class of unit from the Assets funded by that class of unit. No class of unit will receive Distributions from the operations of any unit of Assets not funded or associated with that class of unit. Distributions within each class of unit will be distributed to the Members of their respective class of unit in proportion to their Percentage Interests within their class of unit.
Cash from Operations. Except as otherwise provided in Section 13, and subject to the Manager’s discretion pursuant to Section 5.2 and Section 5.3, Cash From Operations with respect to each calendar year shall be distributed as follows:
5.1.1 First, 100% to the Members in proportion to their accrued but undistributed Preferred Return until the Members have been distributed an amount equal to their accrued but undistributed Preferred Return;
5.1.2 Thereafter, 25% to the Members in proportion to their Units and 75% to the Members.
Cash from Operations. Cash from Operations will be distributed as follows: (i) 100% to the Members until the Members have received their Priority Return; and (ii) the balance, to be shared by the Members and the Manager in proportion to the Residuary Sharing Ratio.
Cash from Operations. 7 5.2 Cash from Capital Transactions ................................ 7 5.3 Restrictions ..................................................
Cash from Operations. Distributable Cash from Operations with respect to each calendar year shall be distributed 100% to the Investor Units.
Cash from Operations. Distributable Funds arising from Cash from Operations shall be distributed to the Members in proportion to their Percentage Interests.
Cash from Operations. Except as otherwise provided in Section 13, Cash From Operations with respect to each calendar year shall be distributed as follows:
5.1.1 First, to the Members in proportion to their accrued but undistributed 8% Preferred Return, until the Members have been distributed an amount equal to their accrued but undistributed 8% Preferred Return;
5.1.2 Second, (i) 50% to the Members in proportion to their Percentage Interests and (ii) 50% to Cottonwood Residential, until Cottonwood Residential has received an amount pursuant to clause (ii) equal to 20% of the amount distributed to the Members and Cottonwood Residential pursuant to Sections 5.1.1 and this 5.1.2; and
5.1.3 Thereafter, 80% to the Members in proportion to their Percentage Interests and 20% to Cottonwood Residential.
Cash from Operations. Except as otherwise provided in Section 13, Distributable Cash from Operations with respect to each calendar year shall be distributed 50% to the holders of the Member Units and 50% to the Manager.
