Distributions of Available Cash from Capital Transactions. At such times during any Fiscal Year as the Manager determines, the Fund may make distributions up to the amount of the undistributed Available Cash from Capital Transactions to the Members. Any distribution pursuant to this Section 5.3 shall be made in or up to the following amounts and with the following priorities: 5.3.1. First, one percent (1%) to the Manager and ninety-nine percent (99%) to the Investors, in proportion to their respective Ownership Percentages, until each Investor has received aggregate distributions of Available Cash from Operations pursuant to Section 5.2 and Available Cash from Capital Transactions pursuant to this Section 5.3.1 for the current and all prior Fiscal Years equal to the aggregate Capital Contributions made by such Investor; and 5.3.2. Thereafter, the balance shall be distributed fifteen percent (15%) to the Manager and eighty-five percent (85%) to the Investors in proportion to their respective Ownership Percentages.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Ridgewood Energy Y Fund LLC), Limited Liability Company Agreement (Ridgewood Energy a-1 Fund LLC), Limited Liability Company Agreement (Ridgewood Energy a-1 Fund LLC)
Distributions of Available Cash from Capital Transactions. At such times during any Fiscal Year as the Manager determines, the Fund may make distributions up to the amount of the undistributed Available Cash from Capital Transactions to the Members. Any distribution pursuant to this Section 5.3 shall be made in or up to the following amounts and with the following priorities:
5.3.1. First, one percent (1%) to the Manager and ninety-nine percent (99%) to the Investors, in proportion to their respective Ownership PercentagesPercentage, until each Investor has received aggregate distributions of Available Cash from Operations pursuant to Section 5.2 and Available Cash from Capital Transactions pursuant to this Section 5.3.1 for the current and all prior Fiscal Years equal to the aggregate Capital Contributions made by such InvestorInvestor in such Series; and
5.3.2. Thereafter, the balance shall be distributed fifteen percent (15%) to the Manager and eighty-five percent (85%) to the Investors in proportion to their respective Ownership PercentagesPercentage.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Ridgewood Energy W Fund LLC), Limited Liability Company Agreement (Ridgewood Energy X Fund, LLC), Limited Liability Company Agreement (Ridgewood Energy X Fund, LLC)