Common use of Cash from Operations Clause in Contracts

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.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Vivakor, Inc.), Limited Liability Company Agreement (Vivakor, Inc.)

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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 from Operations with respect to each calendar year shall be distributed to each class of unit from the Assets unit of Equipment funded by that class of unit. No class of unit will receive Distributions from the operations of any unit of Assets Equipment not funded or associated with that class of unit. Distributions within each class of unit will be distributed to in the Members following order of their respective class of unit in proportion to their Percentage Interests within their class of unit.priority:

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Vivakor, Inc.), Limited Liability Company Agreement (Vivakor, Inc.)

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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 unit(s) of Equipment funded by that class of unit. No class of unit will receive Distributions from the operations of any unit of Assets Equipment 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.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Vivakor, Inc.), Limited Liability Company Agreement (Vivakor, Inc.)

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