Distributions of Capital Transaction Proceeds Sample Clauses

Distributions of Capital Transaction Proceeds. Capital Transaction Proceeds shall be distributed to the Members within a reasonable time following the Capital Transaction to which the Capital Transaction Proceeds relate in proportion to their respective positive Capital Account Balances until such time as all of the Capital Accounts equal zero, and thereafter, in proportion to the Members’ respective Percentage Interests.
Sample 1
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Distributions of Capital Transaction Proceeds. Subject to Sections 5.5 and 11.1(g), all Capital Transaction Proceeds shall be used to repay principal, interest and other amounts due on any loan, to the extent required by the lender thereof, then distributed within thirty (30) days of receipt of such Capital Transaction Proceeds by the Company as follows: (a) to the Members in accordance with their Respective Interests.
Sample 1
Distributions of Capital Transaction Proceeds. As soon as reasonably practicable after the completion of a Capital Transaction, the General Partner shall cause the Partnership to distribute the Partnership's Capital Transaction Proceeds attributable to such Capital Transaction. Such Capital Transaction Proceeds shall be distributed in the following order of priority: (a) First, such Capital Transaction Proceeds, if any, shall be distributed 100% to the Class A Partner until its Class A Unrecovered Capital has been reduced to zero; (b) Second, the remaining Capital Transaction Proceeds, if any, shall be distributed 100% to the Class B Partner until its Class B Unrecovered Capital has been reduced to zero; (c) Third, the remaining Capital Transaction Proceeds, if any, shall be distributed 100% to the Class C Partner until its Class C Unrecovered Capital has been reduced to zero; (d) Fourth, the remaining Capital Transaction Proceeds, if any, shall be distributed to the Class A Partner and the Class C Partner (i) to the extent of (and in proportion to) the amount required to reduce the Class A Cumulative Unpaid Preference and the Class C Cumulative Unpaid Preference to zero, and (ii) then, to the extent of (and in proportion to) the amount of any unpaid Class A Preferred Return and unpaid Class C Preferred Return which has accrued as of the date of the distribution; (e) Fifth, the remaining Capital Transaction Proceeds, if any, shall be distributed to the Class B Partner (i) in the amount required to reduce the Class B Cumulative Unpaid Preference to zero, and (ii) then in the amount of any unpaid Class B Preferred Return which has accrued as of the date of the distribution; and (f) Sixth, the remaining Capital Transaction Proceeds, if any, shall be distributed 50% to the Class C Partner and 50% to the Class D Partner.
Sample 1
Distributions of Capital Transaction Proceeds. Subject to Sections 5.2 and 5.3 hereof, until the tenth anniversary of the Contribution Date of any property set forth on Exhibit B that is the subject of a Capital Transaction, the General Partner shall distribute Capital Transaction Proceeds received by the Partnership within 30 days after the date on which said Capital Transaction occurs (the "Capital Transaction Record Date") to the Partners who are Partners at the close of business on the Capital Transaction Record Date in the following order of priority and to the extent of such Capital Transaction Proceeds: (a) first, to each Limited Partner to the extent of and in proportion to the then unreturned balance of the Accrual Account maintained with respect to each Limited Partner Unit held by such Limited Partner, (b) second, to each Limited Partner to the extent of and in proportion to the then unreturned balance of the Unpaid Distribution Account maintained with respect to each Limited Partner Unit held by such Limited Partner, and (c) third, the balances, if any, of the Capital Transaction Proceeds shall be distributed to the General Partners, pro rata, based upon their General Partnership Interests. After the tenth anniversary of the Contribution Date of any property set forth on Exhibit B that is the subject of a Capital Transaction, the General Partner shall distribute Capital Transaction Proceeds received by the Partnership within 30 days after the Capital Transaction Record Date to the General Partners, pro rata, based upon their General Partnership Interests, and no other Partner shall have a right to share in such distribution; provided that the General Partner shall give the Limited Partners 10 days prior written notice of any such distribution.
Sample 1

Related to Distributions of Capital Transaction Proceeds

  • Distributions of Cash Flow Cash flow for each taxable year of the Company shall be distributed to the Member at such times and in such amounts as the Member shall determine.

  • Withdrawals of Capital No Partner may withdraw capital related to such Partner’s GP-Related Partner Interests from the Partnership except (i) for distributions of cash or other property pursuant to Section 5.8, (ii) as otherwise expressly provided in this Agreement or (iii) as determined by the General Partner.

  • Return of Capital Contributions No Partner shall be entitled to withdraw any part of its Capital Contribution or its Capital Account or to receive any distribution from the Partnership, except as specifically provided in this Agreement. Except as otherwise provided herein, there shall be no obligation to return to any Partner or withdrawn Partner any part of such Partner’s Capital Contribution for so long as the Partnership continues in existence.

  • Distributions of Available Cash from Capital Surplus Available Cash that is deemed to be Capital Surplus pursuant to the provisions of Section 6.3(a) shall be distributed, unless the provisions of Section 6.3 require otherwise, to the General Partner and the Unitholders, Pro Rata, until a hypothetical holder of a Common Unit acquired on the Closing Date has received with respect to such Common Unit distributions of Available Cash that are deemed to be Capital Surplus in an aggregate amount equal to the Initial Unit Price. Available Cash that is deemed to be Capital Surplus shall then be distributed (A) to the General Partner in accordance with its Percentage Interest and (B) to all Unitholders holding Common Units, Pro Rata, a percentage equal to 100% less the General Partner’s Percentage Interest, until there has been distributed in respect of each Common Unit then Outstanding an amount equal to the Cumulative Common Unit Arrearage. Thereafter, all Available Cash shall be distributed as if it were Operating Surplus and shall be distributed in accordance with Section 6.4.

  • Liquidating Distributions Notwithstanding anything to the contrary in this Article VII or in Section 8.3 of the Master Agreement, upon the sale of the Property or the dissolution and liquidation of the Series in accordance with the provisions of this Agreement and of Section 8.3 of the Master Agreement, the proceeds of liquidation of the Series or the sale of the Property will be distributed within ninety (90) days of the date of sale of the Property or the dissolution and liquidation in the following order and priority: (i) First, to creditors of the Series, including the Members who are creditors, to the extent otherwise permitted by law, in satisfaction (whether by payment or the making of reasonable provision for payment thereof) of all debts, liabilities, obligations and expenses of the Series, including, without limitation, the expenses incurred in connection with the liquidation of the Series; and (ii) Second, to the Members pro rata in proportion to their holdings of Shares, with such Distributions to be made by the end of the Fiscal Year during which the liquidation occurs (or, if later, ninety (90) days after the date of the liquidation).

  • Return of Capital Contribution From time to time the Partnership may have cash in excess of the amount required for the conduct of the affairs of the Partnership, and the General Partner may, with the Consent of the Special Limited Partner, determine that such cash should, in whole or in part, be returned to the Partners, pro rata, in reduction of their Capital Contribution. No such return shall be made unless all liabilities of the Partnership (except those to Partners on account of amounts credited to them pursuant to this Agreement) have been paid or there remain assets of the Partnership sufficient, in the sole discretion of the General Partner, to pay such liabilities.

  • Distributions Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.

  • Liquidation Proceeds Cash received in connection with the liquidation of a defaulted Mortgage Loan, whether through the sale or assignment of such Mortgage Loan, trustee’s sale, foreclosure sale, payment in full, discounted payoff or otherwise, or the sale of the related Mortgaged Property if the Mortgaged Property is acquired in satisfaction of the Mortgage Loan, including any amounts remaining in the related Escrow Account.

  • Interest on and Return of Capital Contributions No Member shall be entitled to interest on its Capital Contribution or to return of its Capital Contribution, except as otherwise specifically provided for herein.

  • Working Capital Trust Account Proceeds Upon consummation of the Offering, $250,000 of the proceeds from the sale of the Firm Units will be released to the Company to fund the working capital requirements of the Company, and the remainder of the proceeds from the sale of the Firm Units will be deposited into the Trust Account and held pursuant to the terms of the Trust Agreement.

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