Common use of Distributions by the Company Clause in Contracts

Distributions by the Company. Subject to applicable law and any limitations contained elsewhere in this Agreement, all available proceeds from the disposition of the Securities (including dividends, interest and sales proceeds) less reasonable reserves and reasonable costs of the disposition, all as determined by a Majority Interest, shall be distributed to the Members under one of the Distribution Hierarchies (the "Distribution Hierarchies") as follows:

Distributions by the Company. Subject to applicable law and ---------------------------- any limitations contained elsewhere in this Agreement, all available proceeds from the disposition of the Securities (including dividends, interest and sales proceeds) less reasonable reserves and reasonable costs of the disposition, all as determined by a Majority Interest, shall be distributed to the Members under one of the Distribution Hierarchies (the "Distribution Hierarchies") as follows: