Distributable Cash Flow. Distributable Cash Flow of the Partnership shall be distributed ninety-seven percent (97%) to the class comprised of the Limited Partners and three percent (3%) to the class comprised of the General Partners, except that a portion of Distributable Cash Flow shall be distributed with respect to each Unit in the amount, if any, equivalent to the interest received by the Partnership net of escrow expense with respect to the Subscription Price for such Unit on account of the period of time prior to the initial closing of the sale of Units.
Distributable Cash Flow. Distributable Cash Flow for each quarter of a fiscal year of the Company shall be distributed each quarter no later than thirty (30) days after the end of each quarter, as follows:
13.1.3.1 Until such time as the Class B Members have been paid an amount equal to 100% of their Capital Contributions (“First Out Period”), an amount equal to 80.6% of all Distributable Cash Flow shall be distributed to the Class B Members in proportion to their Interests held in the Company and an amount equal to 19.4% of all Distributable Cash Flow shall be distributed to the Class A Members in proportion to their Interests held in the Company.
13.1.3.2 At all times following the First Out Period, all Distributable Cash Flow shall be distributed to the Members and divided among the Members pro rata and pari passu in accordance with their Interests held in the Company.
Distributable Cash Flow. Except as otherwise provided herein, Distributable Cash Flow, after making provision for any Tax Distributions, shall be distributed to the Members monthly or at such other times as determined by a unanimous consent of the Board as follows:
(i) First, unless agreed otherwise by the Members, to repay any outstanding principal and interest of Member Guaranteed Debt on a pro-rata basis to the extent there are multiple Member Guaranteed Debt facilities outstanding;
(ii) Second, to repay principal and Member Loan Returns on any loan made by any Member to the Company pursuant to ARTICLE 3, with such repayments applied first to Member Loan Return and then to principal (in the case of multiple loans from multiple Members, repayments of such loans shall be made first with respect to any loans made by the Member pursuant to Section 3.3D and thereafter in accordance with the priorities among the Members established by the terms of such loans and this Agreement and otherwise in accordance with the priorities established by the Board);
(iii) Third, to BP to the extent of its accrued but unpaid Priority Return on its Class B and C Units;
(iv) Fourth, to BP to the extent of any Class B and C Redemption Payments then due;
(v) Thereafter, subject to Section 3.2, to the Members pro rata in proportion to their respective Percentage Interests.
Distributable Cash Flow. As soon as practicable following the end of each month, an amount equal to the amount of the Distributable Cash Flow for said month, less any amounts necessary to pay administrative expenses of Panda of Nepal or the Company, as the case may be (such amounts to be consistent with the Annual Budget for such company or as otherwise approved by the board of directors of such company), shall be distributed to the Company (in the case of Distributable Cash Flow of Panda of Nepal) or to the Shareholders (in the case of Distributable Cash Flow of the Company). Shareholders may provide the Company with wiring instructions for distributions and the Company shall make distributions pursuant to such wiring instructions. Distributions shall be made in U.S. Dollars. Subject to reasonable working capital requirements, the BKPC Annual Budget and the requirements of the Financing Documents and applicable law, the Shareholders agree to cause the directors and officers appointed by them and their directors at BKPC to seek to promptly distribute cash flow available for distribution at BKPC to the shareholders of BKPC.
Distributable Cash Flow. Except as otherwise provided in this Agreement, Distributable Cash Flow, if any, remaining after distributions under Section 14.1 (such remaining Distributable Cash Flow being a “Distributable Amount”), may be distributed to the Members, at such times as the Managers may determine, in proportion to their respective Percentage Interests.
Distributable Cash Flow. (a) All Distributable Cash Flow, if any, attributable to each calendar month of each Fiscal Year (or portion thereof) shall be applied and distributed as follows, subject to Section 4.3(b):
(i) first, to replenish the Contingency Reserve up to an amount approved by the Members; and
(ii) second, to the Members, as follows:
(A) first, one hundred percent (100%) shall be distributed to the Members (including Manager) in accordance with their Interests until each Member has received an amount that yields it an Internal Rate of Return of at least eleven percent (11%);
(B) second, any remainder shall be distributed (1) eighty-nine percent (89%) to the Members (including Manager) in accordance with their Interests and (2) eleven percent (11%) to the Manager as an additional distribution until each Member has received and without regard to amounts paid to the Manager under Section 4.6(a)(ii)(B)(2) an amount that yields it an Internal Rate of Return of at least twenty-five percent (25%);
(C) third, any remainder shall be distributed (1) sixty-five percent (65%) to the Members (including Manager) in accordance with their Interests and (2) thirty-five percent (35%) to the Manager as an additional distribution. Notwithstanding the foregoing, if application of subsections (ii)(B) and (C) would cause the Members to receive an amount that, when aggregated with all prior distributions referenced in Section 4.6(a) and Section 10.2(c) yields it an Internal Rate of Return of less than eleven percent (11%), the additional distributions otherwise payable to the Manager under subsections (ii)(B) and (C) shall be reduced to the extent necessary for the Members to achieve a eleven percent (11%) Internal Rate of Return. Notwithstanding the foregoing, the distributions pursuant to Section 4.6(a)(ii) shall be adjusted to result in each of the Members receiving an equivalent Internal Rate of Return and without regard to amounts paid to the Manager under Sections 4.6(a)(ii)(B)(2). Notwithstanding the foregoing, and without limiting any rights, in law or in equity, otherwise available to a Member, if the Manager is removed For Cause, all Distributable Cash Flow will be distributed pursuant to Sections 4.6(a)(ii)(A) without regard to the eleven percent (11%) Internal Rate of Return limit and not pursuant to Sections 4.6(a)(ii)(B)(2),. Notwithstanding anything to the contrary in this Section 4.6(a), if, upon the sale of all of the Assets or the liquidation of the Company, each Member wou...
Distributable Cash Flow. All cash that is available for distribution by the Company after paying all operating expenses of the Company and establishing such reserves for the Company and its future operating and capital requirements as the Company shall determine ("Distributable Cash Flow"), shall, subject to the provisions of the MIPA, be distributed to the Members, proportionally, in respect of their relative holdings of Units.
Distributable Cash Flow. The Company will distribute any Distributable Cash Flow quarterly, within thirty (30) days following the end of each calendar quarter, in the following order and priority:
5.7.1.1 First, to the Members in proportion to each Member's accrued and unpaid Default Preferred Return, until the accrued and unpaid Default Preferred Return for each of the Members is reduced to zero;
5.7.1.2 Second, to the Members in proportion to each Member's Adjusted Default Capital, until the Adjusted Default Capital for each of the Members is reduced to zero;
Distributable Cash Flow. Distributable Cash Flow for each quarter of a fiscal year of the Company shall be distributed each quarter no later than thirty (30) days after the end of each quarter, as follows:
14.1.3.1 Until such time as the Members have been paid an amount equal to one hundred percent (100%) of their Capital Commitments (“First Out Period”), an amount equal to one hundred percent (100%) of all Distributable Cash Flow shall be distributed to the Members.
14.1.3.2 At all times following the First Out Period, an amount equal to eighty percent (80%) of the Distributable Cash Flow shall be distributed to the Members, and an amount equal to twenty percent (20%) of all Distributable Cash Flow shall be distributed to the Manager.
Distributable Cash Flow. The Investors’ Distributable Cash Flow will be quarterly provisioned in this account, abiding by the Advisory Committee’s instructions. Clause 4. Subparagraph f) of Paragraph 18 of the Trust Agreement is hereby modified to read as follows:
