Determination of Distributions. Except as provided in Section 4.1(a), distributions shall be made to the Members pro rata in accordance with their Percentage Interests when and in such amounts as determined by the Managing Member in accordance with the terms of this Agreement.
Determination of Distributions. Distributions shall be made to the Members pro rata in accordance with their Percentage Interests when and in such amounts as determined by the Managing Member, in accordance with the terms of this Agreement; provided, however that in the event the Company issues Class A Units or securities convertible or exchangeable for Class A Units for less than Fair Market Value, or the Company issues Class C Units or securities convertible or exchangeable for Class C Units for less than Fair Market Value, the amount distributed on account of Class B Units relative to Class A Units, and the amount distributed on account of Class C Units relative to Class D Units shall be equitably adjusted by the Managing Member.
Determination of Distributions. The Manager will calculate the amount of Amounts Available for Distribution for each financial month, from time to time and in the discretion of the General Partner distributions will be made using the funds comprising the Amounts Available for Distribution, taking account of reserves and the bonus fee rights of the Manager.
Determination of Distributions. Distributions shall be allocated and made (i) of cash in respect of a specific Quarter as provided in Section 4.1(a)-(c), in accordance with the respective number of Units of the Company held, and (ii) in respect of all other distributions (e.g. distributions in respect of a winding-up, liquidation and extraordinary transactions), in accordance with the respective number of Units of the Company held.
Determination of Distributions. Distributions shall be made to the Members, after Tax Distributions are made pursuant to Section 4.7 hereof, when and in such amounts as determined by the Managing Member, in accordance with Section 4.2, Section 4.3 and Section 4.4 hereof.
Determination of Distributions. Distributions shall be made to the Members pro rata in accordance with their Percentage Interests when and in such amounts as determined by the Managing Member, in accordance with the terms of this Agreement; provided, however that in the event the Company issues Class A Units or securities convertible or exchangeable for Class A Units for less than Fair Market Value, the amount distributed on account of Class B Units relative to Class A Units shall be equitably adjusted by the Managing Member.
Determination of Distributions. CitiMortgage will determine on each determination date, based on payments received on the mortgage loans: · the pool distribution amount; · the interest allocation and interest allocation carryforward for each class; · the principal allocation for each class; · the principal distribution for each class; · any ratio-stripped PO class reimbursement; · any insurance premium; and · any other information required to determine the distributions to be made to certificate holders in accordance with the Series Terms.
Determination of Distributions. The amount of Distributable Cash for any Distribution Period shall be determined as follows: (a) the Manager shall certify in writing to the Members at least 10 days prior to any distribution a calculation of the Distributable Cash for the relevant Distribution Period in sufficient detail for the accuracy of the same to be verified; and (b) any distribution of Distributable Cash shall be subject to Company Fiscal Year-end audit adjustments and shall be subject to increase or decrease as necessary so that the cumulative distributions shall be determined based on the annual audited financial statements of the Company with respect to such Fiscal Year. All distributions to the Members pursuant to this Section 5.3 shall be divided among the Members in the following manner:
Determination of Distributions. The Partners may make distributions of cash and other Partnership assets from time to time as the Executive Committee shall determine after making such provisions for the payment of expenses and other obligations of the Partnership and establishing such reserves for the future operation of the Partnership business, all as set forth in Paragraph 8.4 above. If, at the time of distribution, the capital account of any Partner reflects a debit balance, said Partner's share of the distribution shall first be applied to satisfy said deficit. All cash distributions shall be made to the Partners in the same manner as the allocation of profits set forth in Sections 8.1 and 8.3 above.
Determination of Distributions. All distributions shall be made on a pro rata basis consistent with the Partners’ Percentage Interests and the allocation of the income and gain giving rise to the Distributable Cash, including, without limitation, any allocations pursuant to Section 4.2 above. Any distributions made in the form of property which is other than cash shall be deemed to have that value determined by the General Partner. Notwithstanding the foregoing, except as provided in this Article 5, the Partnership shall make no distributions of cash or other property to any Partner until liquidation of the Partnership under Section 12.3 herein.
