Distributions from Sale Sample Clauses

Distributions from Sale. In the event of the disposition or refinancing of any of the Properties or destruction or condemnation of any of the Properties, in whole or in part, the net proceeds thereof (other than insurance and condemnation proceeds which will be used to rebuild such Property) available for distribution shall be distributed within thirty (30) days of such event in the following manner: (i) first, to GLB until it shall have received its previously unreturned Invested Capital with respect to such Property; (ii) second, to GLB until it has achieved an 7.0% Internal Rate of Return with respect to such Member’s Invested Capital for such Property; and (iii) next, to the Members other than GLB in proportion to their Percentage Interests (excluding GLB) until each such Members shall have received their previously unreturned Invested Capital with respect to such Property; (iv) next, to all Members in proportion to their Percentage Interests.
Sample 1
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Distributions from Sale. In the event of the sale of any of the Properties or destruction or condemnation of any of the Properties, the net proceeds thereof (other than insurance and condemnation proceeds which will be used to rebuild such Property) available for distribution shall be distributed within 30 days of such event in the following manner: (i) first, the Senior Accumulated Preferred Distribution, if any, shall be made to CFSC Subsidiary; (ii) second, the Senior Preferred Capital shall be redeemed by the Company at the redemption price set forth in Section 19(e) and the second paragraph of Section 19(a-2), as applicable; (iii) third, the Series B Accumulated Preferred Distribution, if any, shall be made to GMAC-CM; (iv) fourth, the Series B Preferred Capital shall be redeemed by the Company at the redemption price set forth in Section 19(f) and the second paragraph of Section 19(b), as applicable; (v) fifth, the Series A Accumulated Preferred Distribution, if any, shall be made to FUR Subsidiary; (vi) sixth, the Series A Preferred Capital shall be redeemed by the Company at a redemption price of par, plus the accrued but unpaid Series A Preferred Distribution; and (vii) seventh, the remainder shall be distributed in accordance with clause (vii) of Section 9(a) above; provided, however, that if all or a portion of FUR Subsidiary's Capital Contribution has been converted pursuant to Section 19(g) or 19(h), then a distribution shall be made to the holders of the Common Capital in an amount equal to Fair Market Value and the remainder shall be distributed to the Members in accordance with their respective Capital Interests.
Sample 1

Related to Distributions from Sale

  • Qualified Distributions Qualified distributions from your Xxxx XXX (both the contributions and earnings) are not included in your income. A qualified distribution is a distribution which is made after the expiration of the five-year period beginning January 1 of the first year for which you made a contribution to any Xxxx XXX (including a conversion from a Traditional IRA), and is made on account of one of the following events. • Attainment of age 59½ • Disability • First-time homebuyer purchase • Death For example, if you made a contribution to your Xxxx XXX for 2007, the five-year period for determining whether a distribution is a qualified distribution is satisfied as of January 1, 2012.

  • Residual Distributions If the Liquidation Preference has been paid in full to all holders of Designated Preferred Stock and the corresponding amounts payable with respect of any other stock of the Issuer ranking equally with Designated Preferred Stock as to such distribution has been paid in full, the holders of other stock of the Issuer shall be entitled to receive all remaining assets of the Issuer (or proceeds thereof) according to their respective rights and preferences.

  • Capital Contributions Distributions 17 TABLE OF CONTENTS (continued)

  • When Must Distributions from a Xxxx XXX Begin Unlike Traditional IRAs, there is no requirement that you begin distribution of your account during your lifetime at any particular age.

  • 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.

  • Interim Distributions At such times as may be determined by it in its sole discretion, the Trustee shall distribute, or cause to be distributed, to the Beneficiaries, in proportion to the number of Trust Units held by each Beneficiary relating to the Trust, such cash or other property comprising a portion of the Trust Assets as the Trustee may in its sole discretion determine may be distributed without detriment to the conservation and protection of the Trust Assets in the Trust.

  • Qualified Reservist Distributions If you are a qualified reservist member called to active duty for more than 179 days or an indefinite period, the payments you take from your IRA during the active duty period are not subject to the 10 percent early distribution penalty tax.

  • REMIC Distributions On each Distribution Date the Trustee shall be deemed to have allocated distributions to the REMIC I Regular Interests, REMIC II Regular Interests, Class CE Interest, Class P Interest and Class IO Interest in accordance with Section 5.07 hereof.

  • Distributions to Members Section 9.1

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