Distributions from Operations. After the Managing General Partner has established such reserves as it deems necessary for the payment of anticipated expenses or obligations of the Partnership, for working capital requirements, and/or for the reasonable needs or anticipated needs of the Partnership’s business, the Managing General Partner may either distribute the remaining net income from operations, if any, or any portion thereof, to the Partners in accordance with Partnership Interests or retain all or any part thereof in the Partnership. Notwithstanding the foregoing, the Managing General Partner shall, in the absence of compelling reasons to the contrary, distribute to the Partners in accordance with Partnership Interests a sufficient amount of available cash, if any, as will enable each Partner to pay any federal and state income taxes attributable to the inclusion of any items of Partnership income, gain, loss, deduction, or credit in calculating the Partner’s taxable income.
Distributions from Operations. 20 SECTION 8.2
Distributions from Operations. Not less frequently than on a quarterly basis, the General Partner, after providing for the Partnership's debts, obligations, capital needs and reserves as required by the manager of the Venue, shall make distributions of all Distributable Cash to the Partners in accordance with each of their respective Participating Percentages. The Partners agree that payments to lenders which have made Permitted Loans, affiliated with the Partnership or otherwise, have a priority over distributions to the Partners. Solely with respect to the lender from which the General Partner obtains a Permitted Loan to fund a redemption or purchase under Article VII of this Partnership Agreement and/or Section 19.2.B of the Lease, payments to such lender shall be deemed to be (i) a part of Distributable Cash and (ii) a distribution to the General Partner for the purpose of calculating the amount of available Distributable Cash to be paid to the Partners. The payments, if any, to a lender of a Permitted Loan that are deemed to be received by General Partner for calculation of Distributable Cash shall be treated as a distribution to the General Partner. To the extent there is Distributable Cash available, then the Limited Partner shall receive a distribution which equals on a proportionate basis the deemed distribution received by the General Partner. To the extent there are not sufficient funds to make the distribution, then the Limited Partner shall receive a priority distribution as to the General Partner's distribution from the next distribution of Distributable Cash.
Distributions from Operations. Except as provided in Sections 6.5 and 6.6, the Company shall, as soon as reasonably practical (but no less often than monthly, if appropriate), make distributions of Net Cash Flow to the Members in the following manner and order of priority:
(a) First, an amount of such Net Cash Flow will be distributed (in the order and priority set forth below in this Section 6.3(a)) to the Members until each of the Members has received aggregate distributions pursuant to this Section 6.3(a) and Section 6.4(a) for the current period and all previous periods, equal to the sum of (i) the aggregate amount of its Priority Capital Contributions made pursuant to this Agreement, and (ii) an eighteen percent (18%) per annum (using a 360 day year) cumulative preferred returned thereon (amounts distributed under this Section 6.3(a) will be distributed in the reverse order in which such Priority Capital Contributions were made — that is, the most recent Priority Capital Contribution, together with the eighteen percent (18%) per annum cumulative preferred return thereon, will be returned and paid first to the Member having made such Priority Capital Contribution, and then the next most recent Priority Capital Contribution, together with the eighteen percent (18%) per annum cumulative preferred return thereon, will be returned and paid to the Member having made such Priority Capital Contribution, etc.);
(b) Second, remaining Net Cash Flow, if any, shall be distributed pari passu to each Member until each Member has received an amount equal to its Unreturned Capital Contributions, with such distributions being made pro rata to each Member in accordance with their respective Contribution Percentages;
(c) Third, remaining Net Cash Flow, if any, shall be distributed pari passu to the Members in accordance with their respective Contribution Percentages until the Members have received aggregate distributions sufficient to generate a 14% IRR in respect to such Members’ respective Capital Contributions;
(d) Fourth, remaining Net Cash Flow, if any, shall be distributed to the Members, with the percentage of such remaining Net Cash Flow being distributed to MP being equal to the First Tier Promote Percentage and the remaining percentage of such remaining Net Cash Flow to the Members (pro rata in accordance with their respective Contribution Percentages) until aggregate distributions have been made to the Members in an amount necessary to provide an 18% IRR to all Members (i.e., to the extent ...
Distributions from Operations. Subject to Sections 8.3 and 11.1, Cash Flow for any period shall be distributed to the Class B Members, at times determined by the Directors, in accordance with their Proportionate Shares.
Distributions from Operations. Cash Flow for any period shall be distributed to the Members, at times determined by the Managing Members, as follows:
(a) First, to the Preferred Members, until the Preferred Members have received distributions pursuant to this Section 7.01(a) and Section 7.04, in an amount equal to any accrued but unpaid Preferred Distribution;
(b) Second, to the Common Members, until the amounts distributed to the Common Members pursuant to this Section 7.01(b) and Section 7.04, and the amounts distributed to the Preferred Members pursuant to Sections 7.01(a) and 7.04 are in proportion to their Proportionate Shares; and
(c) Thereafter, to the Members, in proportion to their Proportionate Shares.
Distributions from Operations. Subject to Section 11.2, Distributable Cash (other than Distributable Cash arising out of the sale or refinancing of the Project) shall be distributed promptly upon receipt (and in no event less often than quarterly) to the Members in the following priority:
5.1.1 First, to repay any Member Loans;
5.1. 2Second, 100% to Investor, unless the Prior Members are entitled to a Prior Member Distribution Percentage pursuant to Exhibit B greater than 0%, in which case an amount equal to the then applicable Prior Member Distribution Percentage multiplied by the total amount to be distributed pursuant to this Section 5.1.2 shall be distributed to the Prior Members, pro rata in accordance with their respective relative Membership Percentages, and the remainder shall be distributed to Investor. For example, if $100 is available to be distributed pursuant to this Section 5.1.2 at a time when the Prior Member Distribution Percentage is 3%, then $97 shall be distributed to Investor, and $3 shall be distributed to the Prior Members, pro rata in accordance with their respective relative Membership Percentages.
Distributions from Operations. At various times during a calendar year, the Fund will determine whether there is enough Available Cash From Operations for a distribution to Shareholders. The amount of Available Cash From Operations determined to be available, if any, excluding any amounts distributable as an Early Investment Incentive, will be distributed to the Shareholders. At all times, the Manager will be entitled to 15% and Investors will be entitled to 85% of the Available Cash from Operations distributed (other than distributions attributable to the Early Investment Incentive). Distributions of Available Cash From Capital Transactions Available Cash From Capital Transactions that the Fund decides to distribute will be paid as follows: o Before Investors have received total distributions (including distributions from Available Cash From Operations and Available Cash From Capital Transactions, but excluding distributions attributable to the Early Investment Incentive and distributions of Available Cash from Temporary Investments) equal to their Capital Contributions, 99% of Available Cash From Capital Transactions will be distributed to Investors and 1% to the Manager. o After Investors have received total distributions (including Available Cash From Operations and Available Cash From Capital transactions, but excluding distributions attributable to the Early Investment Incentive and distributions of Available Cash from Temporary Investments) equal to their Capital Contributions, 85% of Available Cash From Capital Transactions will be distributed to Investors and 15% to the Manager. General Distribution Provisions After payment of the Early Investment Incentive, distributions to Investors under the foregoing provisions will be apportioned among them in proportion to their ownership of Investor Shares. The Manager has the sole discretion to determine the amount and frequency of any distributions; provided, however, that a distribution may not be made selectively to one Shareholder or group of Shareholders but must be made ratably to all Shareholders entitled to that type of distribution at that time. The Manager in its discretion nevertheless may credit select persons with a portion of its compensation from the Fund or distributions otherwise payable to the Manager. Because distributions, if any, will be dependent upon the earnings and financial condition of the Fund, its anticipated obligations, the Manager's discretion and other factors, there can be no assurance as to the frequen...
Distributions from Operations. Distributions of Cash Flow from operations or from other sources, as, when and to the extent available with respect to each fiscal year of the Partnership or any portion thereof, shall be distributed 100% to the Series 100 Limited Partners until such Limited Partners have received Distributions of any type in an amount equal to their total cash Capital Contributions plus the aggregate Preferred Return, if and when such Preferred Return is payable; next, 100% to the Series EA Limited Partners until such Limited Partners have received Distributions of any type in an amount equal to 25% of the amount distrubuted pursuant to the preceding clause; next, 100% to the Series 200 Limited Partners until such Limited Partners have received Distributions of any type in an amount equal to their total cash Capital Contributions; next, 100% to the Datalinc Limited Partner until such Limited Partner has received Distributions of any type in an amount equal to the following amount: the aggregate total cash Capital Contributions of Series 100 and Series 200 Limited Partners divided by the aggregate percentage interests of the Series 100, EA and 200 Limited Partners in the Final Clause multiplied by 77.152%, subject to increase with any unpurchased Series 200 Units or Managing Dealer Units percentage interest reallocated to Datalinc Limited Partner as specified below; next, 100% to the Managing Dealer Limited Partner until such Limited Partner has received Distributions of any type in an amount equal to the following amount: the aggregate total cash Capital Contributions of Series 100 and Series 200 Limited Partners divided by the aggregate percentage interests of the Series 100, EA and 200 Limited Partners in the Final Clause multiplied by
Distributions from Operations. Subject to Sections 7.03 and 9.01, Cash Flow for any period shall be distributed to the Members, at times determined by the Managing Member as follows: 99% to FS Realty and 1% to NS Member.
