Distributable Cash from Operations. The General Partner shall distribute as soon after the close of each Fiscal Quarter as is reasonably feasible all of the Distributable Cash From Operations for such Fiscal Quarter in the following manner: 1% to the General Partner, 5% to the Corporate Special Partner, 1% to the Individual Special Partner and 93% to the Limited Partners.
Distributable Cash from Operations. Distributable Cash from operations will be allocated eighty percent (80%) to the Class A Members and twenty percent (20%) to the Class B Members.
Distributable Cash from Operations. Distributable Cash from Operations shall be distributed to the Members in accordance with their Percentage Interests.
Distributable Cash from Operations. Distributable cash shall be distributed at least once per year on or before the 120th day following the end of the Resort's fiscal year and shall be distributed and applied in the following order of priority:
(A) Special Loan prepayments required to be deposited in escrow in respect of such fiscal year for the benefit of the GDB pursuant to the GDB Loans.
(B) Payment of the Preferred Return to the KG General Partner and the Class A Limited Partners for such fiscal year to the extent not previously paid from Distributable Cash from a Capital Transaction. If the Distributable Cash is insufficient to pay such Preferred Return in full, then the Distributable Cash shall be paid to each such Partner in the same ratio as such Partner's Unrecovered Capital bears to the aggregate Unrecovered Capital of the KG General Partner and Class A Limited Partners and the amount of any Preferred Return unpaid shall become Deferred Preferred Return.
(C) Payment of any Deferred Preferred Return to the KG General Partner and the Class A Limited Partners. If such Distributable Cash is insufficient to pay such Deferred Preferred Return in full, then such Distributable Cash shall be paid to each such Partner in the same ratio as such Partner's Unrecovered Capital bears to the aggregate Unrecovered Capital of the KG General Partner and Class A Limited Partners and shall be applied first to the interest portion of such Deferred Preferred Return and then to the oldest Preferred Return portions.
(D) Payment of the Preferred Return to the WKA General Partner and Class B Limited Partners for such fiscal year to the extent not previously paid from Distributable Cash from a Capital Transaction. If such Distributable Cash is insufficient to pay such Preferred Return in full, then such Distributable Cash shall be paid to each such Partner in the same ratio as such Partner's Unrecovered Capital bears to the aggregate Unrecovered Capital of the WKA General Partner and Class B Limited Partners and the amount of any Preferred Return unpaid shall become Deferred Preferred Return.
(E) Payment of any Deferred Preferred Return to the WKA General Partner and Class B Limited Partners. If such Distributable Cash is insufficient to pay such Deferred Preferred Return in full, then such Distributable Cash shall be paid to each such Partner in the same ratio as such Partner's Unrecovered Capital bears to the aggregate Unrecovered Capital of the WKA General Partner and the Class B Limited Partners and shall...
Distributable Cash from Operations. Distributable Cash from Operations received by the Company shall be declared on the 15th day (or if such day is not a business day, then on the next business day thereafter) prior to the end of each fiscal quarter and distributed on or prior to the 30th day (or if such day is not a business day, then on the next business day thereafter) following the end of each fiscal quarter (the "Operations Distribution Date") by the Managers in the following manner and order of priority:
(a) First, to the Class B Member to pay any Overdue Amount;
(b) Second, to the Class B Member to pay the Unpaid Class B Member First Preferred Return;
(c) Third, to the Class A Members in proportion to and to the extent of each Class A Member's Unpaid Class A Member Preferred Return;
(d) Fourth, to the Class B Member to pay the Unpaid Class B Member Second Preferred Return;
(e) Fifth, to the Class B Member to pay the Unrepaid Class B Member Capital Contributions; and
(f) Sixth, to the Class A Members in proportion to each Class A Member's Membership Interest.
Distributable Cash from Operations. Distributable Cash shall be distributed at least once per year on or before the 120th day following the end of the Resort's fiscal year and shall be distributed and applied in the following order of priority:
Distributable Cash from Operations. “Distributable Cash from Operations” shall mean, for any Fiscal Year, or portion thereof, revenues of the Company derived from the lease of the Property and received in cash during such Fiscal Year, or portion thereof, and Company reserves set aside out of revenues during prior periods (including the Reserve as required under the Hotel Management Agreement) that are no longer needed for the Company’s business, including, without limitation, all dividends paid by TRS SUB with respect to Distributable Cash from Subsidiary Operations, less the sum of (a) operating and administrative expenses of the Company including, without limitation, Taxes, consultant fees, and/or audit costs (but excluding amounts paid from the Company’s reserves or funds provided by Capital Contributions and paid during such Fiscal Year (or portion thereof) for such costs and expenses); (b) debt service and other administrative expenses incurred by the Company in the operation thereof (as set forth in the Initial Budget or any subsequent Approved Company Budget, or otherwise incurred by the Company as expressly permitted under this Agreement), including all outstanding loans made to the Company pursuant to Section 6.3(b); and (c) reasonable working capital reserves needed for the Company’s administrative expenses for the remainder of such Fiscal Year based on the Initial Budget or any subsequent Approved Company Budget.
Distributable Cash from Operations. Any distributions of Distributable Cash from Operations (as opposed to Distributable Cash generated by a Major Capital Event or a Liquidating Event) shall be distributed as follows:
Distributable Cash from Operations. “Distributable Cash from Operations” shall mean, for any Fiscal Year, or portion thereof, revenues of the Company received in cash during such Fiscal Year, or portion thereof, and Company reserves set aside out of revenues during prior periods that are no longer needed for the Company’s business, including, without limitation, all Distributable Cash from Subsidiary Operations, less the sum of (i) operating and administrative expenses of the Company including, without limitation, Taxes, consultant fees and/or audit costs (but excluding amounts paid from the Company’s reserves or funds provided by Capital Contributions and paid during such Fiscal Year (or portion thereof) for such costs and expenses); (ii) debt service and partnership costs (as set forth in the Initial Budget or any subsequent Approved Annual Budget); and (iii) reasonable reserves needed for the Company’s business for the remainder of such Fiscal Year and future periods based on the Initial Budget or any subsequent Approved Annual Budget or otherwise approved by the Members (i.e., all Cash Reserves).
Distributable Cash from Operations. To the extent the Partnership has more than a de minimis amount of Distributable Cash from Operations, it shall distribute Distributable Cash From Operations no less frequently than quarterly.
