Distribution of Distributable Cash from Operations Sample Clauses

Distribution of Distributable Cash from Operations. Subject to the General Partner’s right to reimbursement for any previous subordination distributions to the Limited Partners as provided in Section 9.06(g)(1), the General Partner shall apply Distributable Cash from Operations in the following order of priority:
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Distribution of Distributable Cash from Operations. Distributable Cash From Operations, if any, shall be apportioned monthly during the offering period and quarterly thereafter and distributed semi-annually, commencing, if available, 45 to 60 days after the end of the first semi-annual period ending on or after June 30, 1987. All such Distributions shall be apportioned 97% to the Limited Partners and 3% to the General Partners. The General Partners, in their sole discretion, may for any period elect to defer the distribution to them of all or any portion of their respective shares of Distributable Cash From Operations, and any amounts so deferred shall be distributed to the Limited Partners as Distributable Cash From Operations. In the event the General Partners make an election pursuant to this Paragraph, the General Partners thereafter shall be entitled to receive, at their election, an amount equal to any deferred distributions of Distributable Cash From Operations or Cash From Sales or Refinancings prior to any Distribution to the Limited Partners.
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Distribution of Distributable Cash from Operations. 11.3.1 Distributable Cash From Operations, if any, shall be distributed 99% to the Limited Partners and Unitholders and l% to the General Partners. Such Distributions shall be distributed quarterly within 45 days after the close of a quarter, commencing, if available, following the close of the first fiscal quarter which closing occurs more than 60 days after the Initial Closing Date. If any discrepancies in capital account balances (determined on a per Unit basis) arise during the offering period among the Limited Partners (including the Assignor Limited Partner on behalf of the Unitholders), then, during or as soon as is practicable after the expiration of the offering period, Distributions of Distributable Cash From Operations or allocations of Net Income (or items thereof) or Depreciation (determined in the discretion of the General Partners) shall first be made so as to equalize the capital account as to each Unit, with any excess Distributable Cash From Operations or Net Income or Net Loss distributed or allocated in the manner otherwise described herein. Units shall not be listed on any national securities exchange or included for quotation on the National Association of Securities Dealers Automated Quotation System until such equalization per Unit shall have occurred.
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Related to Distribution of Distributable Cash from Operations

  • Distributions of Available Cash From Operating Surplus (a) During Subordination Period. Available Cash with respect to any Quarter within the Subordination Period that is deemed to be Operating Surplus pursuant to the provisions of Section 6.3 or 6.5 shall, subject to Section 17-607 of the Delaware Act, be distributed as follows, except as otherwise contemplated by Section 5.6 in respect of other Partnership Securities issued pursuant thereto:

  • Distributions of Distributable Cash Except as otherwise provided in Article VII hereof, Distributable Cash for each Fiscal Year may be distributed to the Holders at such times, if any, and in such amounts as shall be determined in the sole discretion of the Trustees. In exercising such discretion, the Trustees shall distribute such Distributable Cash so that Holders that are regulated investment companies can comply with the distribution requirements set forth in Code Section 852 and avoid the excise tax imposed by Code Section 4982.

  • Distributable Cash Distributable Cash, as defined, means, with respect to any period of the Company’s operation, the gross cash receipts of the Company, including funds released from reserves, reduced by the sum of the following: (a) all principal and interest payments and other sums paid on or with respect to any indebtedness of the Company, (b) all cash expenditures incurred incident to the operation of the Company’s business, including without limitation, any capital expenditure, (c) all amounts due the Manager, and (d) such cash reserves as the Manager shall from time to time designate or as may otherwise be required by the terms of the Agreement or loan documents entered into by the Company in order to establish for working capital, compensating balance requirements, contingencies, payments of Distributions or the funding of any other cash or capital requirements of the Company.

  • Distributions of Available Cash from Capital Surplus Available Cash that is deemed to be Capital Surplus pursuant to the provisions of Section 6.3(a) shall, subject to Section 17-607 of the Delaware Act, be distributed, unless the provisions of Section 6.3 require otherwise, 100% to the General Partner and the Unitholders in accordance with their respective Percentage Interests, until a hypothetical holder of a Common Unit acquired on the Closing Date has received with respect to such Common Unit, during the period since the Closing Date through such date, distributions of Available Cash that are deemed to be Capital Surplus in an aggregate amount equal to the Initial Unit Price. Available Cash that is deemed to be Capital Surplus shall then be distributed (A) to the General Partner in accordance with its Percentage Interest and (B) to all Unitholders holding Common Units, Pro Rata, a percentage equal to 100% less the General Partner’s Percentage Interest, until there has been distributed in respect of each Common Unit then Outstanding an amount equal to the Cumulative Common Unit Arrearage. Thereafter, all Available Cash shall be distributed as if it were Operating Surplus and shall be distributed in accordance with Section 6.4.

  • Cash Flow Distributions The Cash Flow of the Company, if any, shall be distributed to the Member subject to any limitations on the Company’s ability to make distributions imposed by the Company’s lenders or by applicable law.

  • Allocation of Distributions The distributions of the Company shall be allocated entirely to the Member or, if additional member(s) are admitted, the member(s) in proportion to their respective capital accounts.

  • Interim Distributions At such times as may be determined by it in its sole discretion, the Trustee shall distribute, or cause to be distributed, to the Beneficiaries, in proportion to the number of Trust Units held by each Beneficiary relating to the Trust, such cash or other property comprising a portion of the Trust Assets as the Trustee may in its sole discretion determine may be distributed without detriment to the conservation and protection of the Trust Assets in the Trust.

  • Allocations Distributions Each item of income, gain, loss, deduction and credit of the Company shall be allocated 100% to the Member. Each distribution of cash or other property by the Company shall be made 100% to the Member. Distributions shall be made to the Member at the times and in the amounts determined by the Member.

  • Profits and Losses Distributions The Member shall treat all of the profits and losses of the Company as its own. All distributions shall be made to the Member at times and in amounts determined by the Member or the Board of Managers. The Company shall not make distributions to the Member if such distribution would violate Section 18-607 of the Act.

  • Distributions of Available Cash An amount equal to 100% of Available Cash with respect to each fiscal quarter shall be distributed to the Members in proportion to their relative Percentage Interests within forty-five (45) days after the end of such fiscal quarter; provided, that such distributions shall be made promptly following receipt of any distribution pursuant to Section 6.3(a) of the Partnership Agreement.

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