Distributions and Allocations Upon Transfers Sample Clauses

Distributions and Allocations Upon Transfers. If during any Fiscal Year there is a Permitted Transfer of an interest in the Company in compliance with the provisions of this Article 7, Profits and Losses, each item thereof, and all other items attributable to the Transferred Membership Interest for such period shall be divided and allocated between the Transferor and the EXHIBIT 10.1 EXECUTION VERSION Transferee by taking into account their varying interests during the period in accordance with Code Section 706(d), using any conventions permitted by law and selected by the Board. All distributions of Available Cash Flow (with respect to the Transferred Membership Interest) on or before the date of the Transfer shall be made to the Transferor, and all distributions thereafter (with respect to the Transferred Membership Interest) shall be made to the Transferee. Neither the Company, the Operator, nor any Director shall incur any liability for making allocations and distributions in accordance with the provisions of this Section 7.7.
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Distributions and Allocations Upon Transfers. If during any Fiscal Period there is a Transfer of an interest in the Company in compliance with the provisions of this Section.
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Distributions and Allocations Upon Transfers. If during any Fiscal Year there is a Transfer of an interest in the Company in compliance with the provisions of this Article V, Profits and Losses and all other items attributable to the transferred interest for such period shall be divided and allocated between the transferor and the transferee by taking into account their varying interests during the period in accordance with Code Section 706(d), using the interim closing of books method or, upon the unanimous approval of the Members, any other conventions permitted by law and selected by the Executive Committee. All distributions with respect to the transferred interest on or before the date of the Transfer shall be made to the transferor, and all distributions thereafter with respect to the transferred interest shall be made to the transferee. Neither the Company nor the Executive Committee shall incur any liability for making allocations and distributions in accordance with the provisions of this Article V.
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Related to Distributions and Allocations Upon Transfers

  • Distributions and Allocations All distributions of cash or other property (except upon the Company's dissolution, which shall be governed by the applicable provisions of the Act and Article IX hereof) and all allocations of income, profits, and loss shall be made 100% to the Member in accordance with its Membership Interest. All amounts withheld pursuant to the Code or any provisions of state or local tax law with respect to any payment or distribution to the Member from the Company shall be treated as amounts distributed to the Member pursuant to this Section 7.3. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable law.

  • Distributions Upon Taxation of Amounts Deferred If, pursuant to Code Section 409A, the Federal Insurance Contributions Act or other state, local or foreign tax, the Executive becomes subject to tax on the amounts deferred hereunder, then the Bank may make a limited distribution to the Executive in a manner that conforms to the requirements of Code section 409A. Any such distribution will decrease the Executive’s benefits distributable under this Agreement.

  • Distributions Upon Liquidation Proceeds from a Terminating Capital Transaction and any other cash received or reductions in reserves made after commencement of the liquidation of the Partnership shall be distributed to the Partners in accordance with Section 13.2.

  • Revisions to Allocations to Reflect Issuance of Partnership Interests If the Partnership issues Partnership Interests to the General Partner or any additional Limited Partner pursuant to Article IV, the General Partner shall make such revisions to this Article 6 and Exhibit B as it deems necessary to reflect the terms of the issuance of such Partnership Interests, including making preferential allocations to classes of Partnership Interests that are entitled thereto. Such revisions shall not require the consent or approval of any other Partner.

  • ALLOCATION OF CONTRIBUTIONS You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • Collections and Allocations (a) The Borrower or the Servicer on behalf of the Borrower shall promptly (but in no event later than two (2) Business Days after the receipt thereof) identify any Collections received by it as being on account of Interest Collections or Principal Collections and deposit all such Interest Collections or Principal Collections received directly by it into the Collection Account. The Servicer on behalf of the Borrower shall make such deposits or payments on the date indicated by wire transfer, in immediately available funds.

  • Distributions in Kind Except as expressly provided herein, no right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 10.

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