Distributions of Available Cash from Operations. 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 Operations. Any distribution pursuant to Section 5.1 and this Section 5.2 shall be made fifteen percent (15%) to the Manager and eighty-five percent (85%) to the Investors which, except as otherwise required pursuant to Section 5.1, shall be distributed to the Investors in proportion to their respective Ownership Percentages.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Ridgewood Energy Y Fund LLC), Limited Liability Company Agreement (Ridgewood Energy Y Fund LLC)
Distributions of Available Cash from Operations. At such times during any Fiscal Year as the Manager determines, if all distributions pursuant to Section 5.1 have been made in full, the Fund may make distributions to the Members up to the amount of the undistributed Available Cash from Operations. Any distribution pursuant to Section 5.1 and this Section 5.2 shall be made fifteen percent (15%) to the Manager and eighty-five percent (85%) to the Investors which, except as otherwise required pursuant to Section 5.1, shall be distributed to the Investors in proportion to their respective Ownership PercentagesPercentage.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Ridgewood Energy X Fund, LLC), Limited Liability Company Agreement (Ridgewood Energy X Fund, LLC)
Distributions of Available Cash from Operations. At such times during any Fiscal Year as the Manager determines, if all distributions pursuant to Section 5.1 have been made in full, the Fund may make distributions up to the amount of the undistributed Available Cash from Operations. Any distribution pursuant to Section 5.1 and this Section 5.2 shall be made fifteen percent (15%) to the Manager and eighty-five percent (85%) to the Investors which, except as otherwise required pursuant to Section 5.1, shall be distributed to the Investors in proportion to their respective Ownership PercentagesPercentage.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Ridgewood Energy W Fund LLC), Limited Liability Company Agreement (Ridgewood Energy W Fund LLC)
Distributions of Available Cash from Operations. 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 Operations. Any distribution of Available Cash from Operations pursuant to Section 5.1 and this Section 5.2 shall be made fifteen percent (15%) to the Manager and eighty-five percent (85%) to the Investors which, except as otherwise required pursuant to Section 5.1, shall be distributed to the Investors in proportion to their respective Ownership Percentages.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Ridgewood Energy a-1 Fund LLC), Limited Liability Company Agreement (Ridgewood Energy a-1 Fund LLC)
