Distributions of Available Cash. An amount equal to 100% of Available Cash with respect to each fiscal quarter of the Partnership shall be distributed simultaneously to the Members in proportion to their relative Percentage Interests within forty-five days after the end of such quarter.
Distributions of Available Cash. (a) An amount equal to 100% of Available Cash with respect to each Quarter shall be distributed in accordance with this Section 6.3(a) by the Partnership to the Partners as of the Record Date selected by the General Partner within forty-five (45) days after the end of such Quarter. Except as otherwise required in respect of additional Partnership Interests or other securities issued pursuant to Section 5.6 or Section 5.10, Available Cash shall be distributed as follows:
(i) first, 100% to the General Partner and the Unitholders in accordance with their respective Percentage Interests until there has been distributed pursuant to this Section 6.3(a)(i) for the then-current Distribution Period in respect of each Common Unit then Outstanding an amount equal to the Threshold Amount; and
(ii) second, the balance, if any, (x) to the General Partner in accordance with its Percentage Interest with respect to its Notional General Partner Units, (y) 23% to the holders of Incentive Distribution Rights, pro rata, and (z) to all Unitholders, pro rata, a percentage equal to 100% less the sum of the percentages applicable to subclauses (x) and (y) of this clause (ii).
(b) In the event of a Capital Transaction and to the extent that an amount equal to the Net Cash Proceeds from such transaction are not otherwise designated by the Board to be reinvested in the replacement of capital assets by the Partnership or applied to the repayment of a Group Member’s debt or otherwise reserved to provide for the reasonably anticipated obligations of the Company, such Net Cash Proceeds shall be distributed as follows:
(i) first, to the General Partner and the Unitholders, pro rata, until the amount distributed in respect of each Unit equals the Unrecovered Preference Amount; and
(ii) second, the balance, if any, (x) to the General Partner in accordance with its Percentage Interest with respect to its Notional General Partner Units, (y) 23% to the holders of the Incentive Distribution Rights, pro rata, and (z) to all Unitholders, pro rata, a percentage equal to 100% less the sum of the percentages applicable to subclauses (x) and (y) of this clause (ii).
(c) In the event of the dissolution and liquidation of the Partnership, all Partnership assets shall be applied and distributed solely in accordance with, and subject to the terms and conditions of, Section 12.4.
(d) Each distribution in respect of a Partnership Interest shall be paid by the Partnership, directly or through any Transfer ...
Distributions of Available Cash. Available Cash with respect to any Quarter, subject to Section 18-607 of the Delaware Act and except as otherwise required by Section 5.6(b) in respect of other Company Securities issued pursuant thereto, shall be distributed 100% to all Unitholders in accordance with their respective Percentage Interests.
Distributions of Available Cash. Subject to Section 5.2, Available Cash and non-cash property shall be distributed to the Partners solely at such times and in such amounts as the General Partner shall declare, provided that no distributions shall be made to the Partners until such time as the Unsecured Notes have been paid in full. Subject to the foregoing, Sections 5.1(g) and 5.2, Available Cash and, if applicable, other property declared by the General Partner to be available for distribution under this Section 5.1 shall be distributed, if and when determined by the General Partner in its sole discretion, as follows:
(i) First, 100% to the holders of Class A Units with respect to their Class A Units (and among the holders of Class A Units pro rata based on the amount that would be required to be distributed to each holder of Class A Units to cause such holder’s First Priority Amount to be reduced to zero), until the First Priority Amount of each holder of Class A Units has been reduced to zero;
(ii) Second, (A) 92.5% to the holders of Class A Units with respect to their Class A Units (and among the holders of Class A Units pro rata based on the amount that would be required to be distributed to each holder of Class A Units to cause such holder’s Second Priority Amount to be reduced to zero) and (B) 7.5% to the holders of Class B Units pro rata in proportion to the Class B Sharing Percentage of each holder of Class B Units, until the Second Priority Amount of each holder of Class A Units has been reduced to zero;
(iii) Third, (A) 90% to the holders of Class A Units with respect to their Class A Units (and among the holders of Class A Units pro rata based on the amount that would be required to be distributed to each holder of Class A Units to cause such holder’s Third Priority Amount to be reduced to zero) and (B) 10% to the holders of Class B Units pro rata in proportion to the Class B Sharing Percentage of each holder of Class B Units, until the Third Priority Amount of each holder of Class A Units has been reduced to zero;
(iv) Fourth, (A) 87.5% to the holders of Class A Units with respect to their Class A Units (and among the holders of Class A Units pro rata based on the amount that would be required to be distributed to each holder of Class A Units to cause such holder’s Fourth Priority Amount to be reduced to zero) and (B) 12.5% to the holders of Class B Units pro rata in proportion to the Class B Sharing Percentage of each holder of Class B Units, until the Fourth Priority Amount...
Distributions of Available Cash. Except as otherwise ------------------------------- provided in this Article X, Available Cash for each taxable year of the Partnership, if any, shall be distributed within thirty (30) days after the end of each calendar quarter in the following order of priority:
A. First, all Available Cash up to, but not exceeding, an amount equal to the Tax Distribution for such taxable year shall be apportioned among, and distributed to, the Partners in the same proportions as the aggregate net taxable income (to the extent "net taxable income" or "net taxable loss" are used in this Subsection 10.1.A, such amounts shall be determined without regard to the special limitations on deductions of OID described in Subsection 1.6.Y above) of the Partnership for such taxable year was allocated to the Partners pursuant to Article IX above, except that, solely for purposes of determining the amount of any distributions to be made to a Partner under this Subsection 10.1.A for the current taxable year, the following modifications shall apply:
a. The amount of net taxable income which is deemed to have been allocated to such Partner shall be increased by the amount of any original --------- issue discount ("OID") such Partner is required to include in its income under Code (S)1272 for such taxable year with respect to any loans made by it to the Partnership under Sections 5.3 or 5.4; and
b. The net taxable income which is deemed to have been allocated to such Partner shall be decreased by the excess of: (i) any net taxable --------- losses allocated to such Partner in a prior taxable year to the extent that such net taxable losses are taken into account in computing the "Tax Base" (as defined in Subsection 1.6.Y above) for the current taxable year, over (ii) the amount of OID such Partner was required to include in its taxable income under Code (S)1272 in prior taxable years for loans made by it to the Partnership under Sections 5.3 or 5.4 above [except to the extent that such Partner was given credit for such OID under this Subpart b(ii) in computing the distributions to be made to it under Subsection 10.1.A.1 in a previous taxable year].
1. A attached hereto and made a part hereof for an example of the application of this Subsection 10.1.A to an assumed set of facts.
B. Second, all remaining Available Cash for such taxable year shall be applied to discharge all amounts owed by the Partnership (including all accrued and unpaid interest thereon) under (i) the United Loan in accord...
Distributions of Available Cash. (a) Distributions of Available Cash for Distribution shall be distributed to the Members in any amounts and at any time, as determined by the Board of Managers, in its sole discretion, provided that such distribution does not violate or cause the Company to default under the terms of the Company’s loan or related agreements or violate Section 6.10 of this Agreement.
Distributions of Available Cash. To the extent Available Cash is distributed pursuant to Section 6.3, such Available Cash shall, subject to Section 17-607 of the Delaware Act, and except as otherwise required by Section 5.10(b)(ii), Section 5.11(b)(ii), or Section 5.4(b) in respect of additional Partnership Securities issued pursuant thereto, be distributed (a) to the General Partner in accordance with its Percentage Interest and (b) to all holders of Common Units, Pro Rata, a percentage equal to 100% less the sum of the percentage specified under subclause (a) of this Section 6.4.
Distributions of Available Cash. An amount equal to 100% of Available Cash with respect to each fiscal quarter of the Partnership shall be distributed to the Partners in proportion to their relative Percentage Interests within forty-five days after the end of such quarter.
Distributions of Available Cash. Available Cash shall, subject to Section 17-607 of the Delaware Act, be distributed, except as otherwise contemplated by Section 5.5 in respect of other Partnership Interests issued pursuant thereto, 100% to the Class A Shareholders Pro Rata.
Distributions of Available Cash. Except as otherwise provided in this Article VII, Available Cash shall be distributed to the Members in accordance with their respective Percentage Interests. No cash distributions will be made that will impair the ability of the Company to pay its just debts as they mature. Except as otherwise provided herein, there will be no obligation by the Company to return to the Members, or to any one of them, any part of their Capital Contributions to the Company, for so long as the Company continues in existence.
