Distribution of Cash Flow. Distributions may be declared from time to time by the Members pursuant to Section 4.2 hereof, provided, however, that the Managing Manager shall automatically cause the Company to distribute, on or before April 15 of each year, the amount required to pay each Member’s estimated federal, state, and local tax liability arising from the profits of the Company, which shall be calculated at forty percent (40%) of the Company’s profits and shall be made in accordance with Actual Unit Ownership except that Distribution in anticipation of a Dissolution Event or subsequent to a Dissolution Event shall be made as provided in Section 10.2 hereof.
Distribution of Cash Flow. Manager shall distribute cash flow from the operation of the Property to the extent available in accordance with all regulatory agreements applicable to the Property and the Owner's limited partnership agreement, and as and when directed by Owner.
Distribution of Cash Flow. Except as otherwise provided in Section 4.8.1 with respect to distributions upon liquidation of the Company, Cash Flow for each taxable year of the Company shall be distributed to the Interest Holders as and when determined by the Manager, provided that each Member shall be distributed Cash Flow within sixty (60) days of the end of each taxable year at least equal to fifty percent of said Member’s allocated Profit for said taxable year, if any, unless the Members agree that a lesser distribution can be made. The Manager shall not, however, cause any distribution to be made which is projected to result in a negative balance in the Capital Account of any Member or Interest Holder as of the end of the Company’s taxable year in which such distribution would otherwise be made.
Distribution of Cash Flow. Except as otherwise provided herein, distributions shall be made to the Members in such amounts and at such intervals as the Board, in its discretion, shall determine. Distributions, to the extent made, shall be made pro rata according to each Member’s Membership Interest.
Distribution of Cash Flow. Within thirty (30) days after the end of each calendar quarter, the General Partner shall distribute the entire Cash Flow available for distribution (as determined by the General Partner in accordance with Section 5.1.
1). All distributions shall be made in accordance with:
(a) First, to each of the Partners an amount equal to its Unreturned Additional Capital (defined below) pro rata in accordance with the amounts of the Partners’ respective Unreturned Additional Capital.
(b) Second, to each of the Partners in amount equal to its Unreturned Initial Capital (defined below), pro rata in accordance with the amounts of the Partners’ respective Unreturned Initial Capital.
(c) Last, to each of the Partners in accordance with the Partners’ respective Percentage Interests.
Distribution of Cash Flow. All Cash Flow distributable other than in connection with the dissolution of the Company (as to any Member) or the termination and winding up of the Company (as to all of the Members) shall be distributed in proportion to their respective aggregate Capital Contribution to the Company.
Distribution of Cash Flow. Subject to Section 4.4 hereof, Cash Flow for each taxable year of the Partnership shall be distributed to the Partners in proportion to their Percentages at such times as determined by the General Partner.
Distribution of Cash Flow. 9 4.3 Allocation of Profit or Loss.................................................................. 9 4.4
Distribution of Cash Flow. A. Subject to Lender approval, if required, Cash Flow shall be determined for each fiscal year and shall be applied or distributed at such time or times as the General Partner deems appropriate, but in no event less than once in each fiscal year, in the following order of priority:
(a) First, to making the required annual deposit into the Tenant Transition Fund under Section 8.18(b);
(b) Second, to payment to the Developer of the Deferred Development Fee;
(c) Third, to repayment of any amounts due with respect to any Tenant Transition Fund Loans made under Section 8.18(b);
(d) Fourth, to payment of the Asset Management Fee currently due;
(e) Fifth, to repayment of any amounts due with respect to any Subordinated Loans (including, without limitation, Operating Deficit Loans made under Section 8.09(b));
(f) Sixth to payment of the Partnership Incentive Management Fee currently due;
(g) Seventh, to make the required annual deposit into the Supplemental Replacement Reserve under Section 8.18(c);
(h) Eighth, to discretionary payments on the Preservation Loan;
(i) Ninth, to pay any accrued but unpaid Asset Management Fees; and
(j) Any balance, 70.1% to the General Partner and 20% to the Investment Partnership, and 9.9% to the Class A Limited Partner.
Distribution of Cash Flow. Except as provided in Section 11.2.4, the Company shall distribute Cash Flow to the Members as and when Approved by the Members, not less frequently than quarterly, in the following order of priority:
(a) First, to pay any accrued but unpaid interest on, and then to pay the unpaid principal balance, if any, of any and all loans made by any Member to the Company (excluding any Subordinated Member Note) in accordance with this Agreement, provided, however, that any Contribution Loans shall not be regarded as loans to the Company and shall be repaid on a first priority basis out of any Cash Flow to which the Non-Contributing Member for whose account the Contribution Loan was made would otherwise be entitled to in accordance with Section 6.5(b) of this Agreement, which amounts shall be applied first to accrued interest and then to principal, until the Contribution Loan is paid in full; and
(b) Second, to the Members in accordance with their respective Percentage Interests.
