Common use of Distributions of Cash Flow Clause in Contracts

Distributions of Cash Flow. from Operations and Cash from Sales or Refinancing. Prior to the dissolution of the Company, Cash Flow from Operations and Cash from Sales or Refinancing, if any, remaining after repayment of any loans made by the Members to the Company, shall be distributed quarterly by the Managers as Cash Distributions according to the relative percentage Membership Interests of the Members and Economic Interest Owners; provided, however, that to the extent possible, any Guarantee Fee shall be deducted from the Cash Distributions otherwise distributable to the Nonguarantor Members and paid to the Guarantor Members as set forth in Section 5.17. Notwithstanding anything herein to the contrary, no distributions shall be made to Members if prohibited by the Act.

Appears in 4 contracts

Samples: Operating Agreement (Medcath Corp), Operating Agreement Amendment (Medcath Corp), Operating Agreement (Medcath Corp)

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Distributions of Cash Flow. from Operations and Cash from Sales or Refinancing. Prior to the dissolution of the Company, Cash Flow from Operations and Cash from Sales or Refinancing, if any, remaining after repayment of any amounts then due on loans made by the Members to the Company, shall be distributed quarterly by the Managers as Cash Distributions according to the relative percentage Membership Interests of the Members and Economic Interest Owners; provided, however, that to the extent possible, any Guarantee Fee shall be deducted from the Cash Distributions otherwise distributable to the Nonguarantor Members and paid to the Guarantor Members as set forth in Section 5.17. Notwithstanding anything herein to the contrary, no distributions shall be made to Members if prohibited by the Act.

Appears in 2 contracts

Samples: Operating Agreement (Medcath Corp), Operating Agreement (Medcath Corp)

Distributions of Cash Flow. from Operations and Cash from Sales or Refinancing. Prior to the dissolution of the Company, Cash Flow from Operations and Cash from Sales or Refinancing, if any, remaining after repayment of any amounts then due on loans made by the Members to the Company, shall be distributed quarterly by the Managers as Cash Distributions according to the relative percentage Membership Interests of the Members and Economic Interest Owners; provided, however, that to the extent possible, any Guarantee Fee shall be deducted from the Cash Distributions otherwise distributable to the Nonguarantor Members and paid to the Guarantor Members as set forth in Section 5.175.16. Notwithstanding anything herein to the contrary, no distributions shall be made to Members if prohibited by the Act.

Appears in 1 contract

Samples: Operating Agreement (Medcath Corp)

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Distributions of Cash Flow. from Operations and Cash from Sales or Refinancing. Prior to the dissolution of the Company, Cash Flow from Operations and Cash from Sales or Refinancing, if any, remaining after repayment of any loans made by the Members to the Company, shall be distributed quarterly by the Managers Manager as Cash Distributions according to the relative percentage Membership Interests of the Members and Economic Interest Owners; provided, however, that to the extent possible, any Guarantee Fee shall be deducted from the Cash Distributions otherwise distributable to the Nonguarantor Members and paid to the Guarantor Members as set forth in Section 5.175.16. Notwithstanding anything herein to the contrary, no distributions shall be made to Members if prohibited by the Act.

Appears in 1 contract

Samples: Operating Agreement (Medcath Corp)

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