Common use of Distributions of Distributable Cash Clause in Contracts

Distributions of Distributable Cash. Except as otherwise provided in Article VII hereof, Distributable Cash for each Fiscal Year may be distributed to the Holders at such times, if any, and in such amounts as shall be determined in the sole discretion of the Trustees. In exercising such discretion, the Trustees shall distribute such Distributable Cash so that Holders that are regulated investment companies can comply with the distribution requirements set forth in Code Section 852 and avoid the excise tax imposed by Code Section 4982.

Distributions of Distributable Cash. Except as otherwise provided in Article VII VI hereof, and subject to the provisions of Article XIII of the Agreement, Distributable Cash for each any Fiscal Year may be distributed to the Holders Members at such times, if any, times and in such amounts as the Managers shall be determined determine in the their sole discretion of the Trustees. In exercising such discretion; provided that, the Trustees Managers shall distribute such a sufficient amount of Distributable Cash so that Holders Members that are regulated investment companies can comply with the distribution requirements set forth requirement in Code Section 852 of the Code and can avoid any liability for the excise tax imposed by Code Section 49824982 of the Code.