Common use of DISTRIBUTIONS; CARRIED INTEREST Clause in Contracts

DISTRIBUTIONS; CARRIED INTEREST. Distributions shall be made to the Members of Fund 1 - Qualified at the times and in the amounts determined by the Manager; provided, that any such Distributions (including all net realized income) by Fund 1 - Qualified will be made to the Members of Fund 1 - Qualified pro rata in accordance with their then-current Capital Account balances, with amounts distributable to a Member other than the Manager distributed to such Member and the Manager as follows:

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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DISTRIBUTIONS; CARRIED INTEREST. Distributions shall be made to the Members of Fund 1 - Qualified Accredited at the times and in the amounts determined by the Manager; provided, that any such Distributions (including all net realized income) by Fund 1 - Qualified Accredited will be made to the Members of Fund 1 - Qualified Accredited pro rata in accordance with their then-current Capital Account balances, with amounts distributable to a Member other than the Manager distributed to such Member and the Manager as follows:

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

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