Common use of Distributions of Distributable Cash Clause in Contracts

Distributions of Distributable Cash. Within forty (40) days following the end of each Quarter, the Company shall distribute to the Members an amount equal to 100% of Distributable Cash in the following order of priority: (a) First, to the Preferred Member, to the least extent necessary to reduce its Unpaid Preferred Return Balance to zero. (b) Thereafter, to the Common Members in accordance with their respective Percentage Interests. Notwithstanding any other provision of this Agreement, the Company shall not make a distribution to any Member on account of its interest in the Company if such distribution would violate the Delaware Act or other Applicable Law.