Common use of Distributions of Distributable Cash Clause in Contracts

Distributions of Distributable Cash. Except as provided in Sections 4.4 and 4.5, all distributions of Distributable Cash shall be made to the Members in the following order of priority: (a) First, to Members holding Convertible Preferred Units, in proportion to, and up to amounts equal to, the Unpaid Preferred Returns of each such Member, if any; (b) Second, to Members holding Convertible Preferred Units in proportion to, and up to amounts equal to, the Unpaid Preferred Contributions of each such Member, if any; (c) Third, to the Members holding Common Units and/or Profits Interest Units, in proportion to, and up to amounts equal to, the positive Capital Account balances of each such Member; and (d) Thereafter, to the Members holding Common Units and/or Profits Interest Units, in proportion to the respective number of such Units held by each such Member.2

Distributions of Distributable Cash. Except as provided in Sections 4.4 and 4.5, all distributions of Distributable Cash shall be made to the Members in the following order of priority: (a) First, to Members holding Convertible Preferred Units, if any, in proportion to, and up to amounts equal to, the Unpaid Preferred Returns of each such Member, if any; (b) Second, to Members holding Convertible Preferred Units Units, if any, in proportion to, and up to amounts equal to, the Unpaid Preferred Contributions of each such Member, if any; (c) Third, to the Members holding Common Units and/or Profits Interest Units, in proportion to, and up to amounts equal to, the positive Capital Account balances of each such Member; and (d) Thereafter, to the Members holding Common Units and/or Profits Interest Units, in proportion to the respective number of such Units held by each such Member.2