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. 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:
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. 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:
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:
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, 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. Distributions of Available Cash From Dispositions Available Cash From Dispositions 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 Dispositions) equal to their Capital Contributions, 99% of Available Cash From Dispositions 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 Dispositions) equal to their Capital Contributions, 85% of Available Cash From Dispositions will be distributed to Investors and 15% to the Manager. General Distribution Provisions 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 frequency or amounts of any distributions that the Fund may make. Return of Capital Contributions If the Fund for any reason at any time does not find it necessary or appropriate to retain or expend all Capital Contributions, in its sole discretion it may return any or all of such excess Capital Contributions ratably to Investors. A return of Capital Contributions is not treated as a distribution. The Fund and the Manager will not be required to return any fees deducted from the original Capital Contribution or any costs...
Distributions from Operations. 20 SECTION 7.02. Distributions of Capital Receipts...................... 20 SECTION 7.03. Distributions in Kind.................................. 21 -i- PAGE ---- ARTICLE VIII SPECIAL ALLOCATION RULES.................................. 21 SECTION 8.01. Allocations............................................ 21
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 BC Realty and 1% to NS Member.
