Distributions of Earnings Sample Clauses

Distributions of Earnings. Each Series may make distributions to its Members and the Manager upon disposition of Series Holdings according to the terms set forth in the Series Supplement. The amount distributable will include all realized income and expense items reduced by any accrued or charged fees and Promoted Interest on these items. Any such distributions will be charged to the Members’ respective Series Capital Accounts. Distributions may be suspended at any time at the sole discretion of the Manager. Unless otherwise provided in a Series Supplement or determined by the Manager with respect to a Defaulting Member, all distributions with respect to the Series Holdings of each Series will be pro-rata among the Members of each Series regardless of the date of a Member’s Capital Contribution was made.
Sample 1Sample 2
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Distributions of Earnings. The net earnings of the Fund, if any, as determined by the Foundation in its discretion, shall be paid and distributed for charitable purposes as specified by the Donor(s) annually, or more or less frequently. Payment by the Foundation of the net earnings shall be a complete release and discharge of the Foundation with respect to the earnings paid, and the Foundation shall not be responsible to the Donor(s) or to any other person for the use of such earnings. The Donor(s) may direct that part or all of the net earnings be reinvested; such net earnings shall be held by the Foundation as a part of the Fund, pursuant to this Agreement.
Sample 1
Distributions of Earnings. The AVG BC 1 Series may make Distributions to the AVG BC 1 Series Members upon disposition of AVG BC 1 Series Holdings as follows: 5.7.1 first, to the AVG BC 1 Series Members until the AVG BC 1 Series Members have received distributions under this Section 5.7.1 in the cumulative amount equal to the Capital Contributions made by the AVG BC 1 Series Members; 5.7.2 thereafter, 80% to the AVG BC 1 Series Members and 20% to the Manager; and 5.7.3 the amount distributable will include all realized income and expense items reduced by any accrued management fees on these items. 5.7.4 Any such Distributions will be charged to the AVG BC 1 Series Members’ respective AVG BC 1 Series Capital Accounts. Distributions may be suspended at any time at the sole discretion of the Manager. Distributions may be made in-kind in the discretion of the Manager, if the Manager determines such distributions to be in the best interests of the Fund and generally not adverse to AVG BC 1 Series Members.
Sample 1
Distributions of Earnings. The Chestnut Street Ventures 2 Series may make Distributions to the Chestnut Street Ventures 2 Series Members upon disposition of the Chestnut Street Ventures 2 Series Holdings as follows: 5.7.1 first, to the Chestnut Street Ventures 2 Series Members until the Chestnut Street Ventures 2 Series Members have received distributions under this Section 5.7.1 in the cumulative amount equal to the Capital Contributions made by the Chestnut Street Ventures 2 Series Members; 5.7.2 thereafter, 80% to the Chestnut Street Ventures 2 Series Members and 20% to the Manager; and 5.7.3 the amount distributable will include all realized income and expense items reduced by any accrued management fees on these items. 5.7.4 Any such Distributions will be charged to the Chestnut Street Ventures 2 Series Members’ respective Chestnut Street Ventures 2 Series Capital Accounts. Distributions may be suspended at any time at the sole discretion of the Manager.
Sample 1
Distributions of Earnings. The net earnings of the Fund, if any, as determined by Encourage BC! in its discretion, shall be paid and distributed to meet the purposes for which the Organization was organized. Payment by Encourage BC! of the net earnings to the Organization shall be a complete release and discharge of Encourage BC! with respect to the earnings paid, and Encourage BC! shall not be responsible to the Organization or to any other person for the use of such earnings by the Organization. The Organization may direct that part or all of the net earnings be reinvested; such net earnings shall be held by Encourage BC! as a part of the Fund, pursuant to this Agreement.
Sample 1
Distributions of Earnings. The Purple Arch Ventures Fund 2 Series may make Distributions to the Purple Arch Ventures Fund 2 Series Members upon disposition of the Purple Arch Ventures Fund 2 Series Holdings as follows: 5.7.1 first, to the Purple Arch Ventures Fund 2 Series Members until the Purple Arch Ventures Fund 2 Series Members have received distributions under this Section 5.7.1 in the cumulative amount equal to the Capital Contributions made by the Purple Arch Ventures Fund 2 Series Members; 5.7.2 thereafter, 80% to the Purple Arch Ventures Fund 2 Series Members and 20% to the Manager; and 5.7.3 the amount distributable will include all realized income and expense items reduced by any accrued management fees on these items. 5.7.4 Any such Distributions will be charged to the Purple Arch Ventures Fund 2 Series Members’ respective Purple Arch Ventures Fund 2 Series Capital Accounts. Distributions may be suspended at any time at the sole discretion of the Manager.
Sample 1

Related to Distributions of Earnings

  • 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.

  • Payment of Earnings The Borrower undertakes with each Creditor Party to ensure that throughout the Security Period (subject only to provisions of the relevant General Assignment), all the Earnings of each Ship are paid to the Earnings Account for that Ship.

  • Distributions of Net Cash Flow The Net Cash Flow of the Partnership for each calendar year, shall be distributed to the Partners from time to time, in the discretion of the General Partner, in accordance with the Percentage Interests of the Partners.

  • Distributions of Available Cash The Management Committee shall review the Company’s accounts at the end of each calendar quarter to determine whether distributions are appropriate. Subject to § 18-607 of the Delaware Act, the Management Committee shall authorize such distributions of Available Cash as it may determine in its sole discretion. All such distributions of cash shall be made to the Members in the following manner: (a) First, to each Member with Series B Convertible Preferred Units and/or Series C Preferred Units ratably in proportion to, and up to, the sum of their respective Capital Contributions in respect of Series B Convertible Preferred Units and Series C Preferred Units (after taking into account prior distributions made pursuant to this clause (a)); (b) Second, to each Member in proportion to, and up to, their respective Capital Contributions in respect of Units (as such Capital Contributions shall have been revalued pursuant to this Agreement and after taking into account prior distributions made pursuant to this clause (b)); (c) Third, to each Member with Series B Convertible Preferred Units and/or Series C Preferred Units ratably in proportion to, and up to, the amount by which the Liquidation Preference (without taking into account any distributions made pursuant to clause (a) above) exceeds the Initial Liquidation Preference for all of the Series B Convertible Preferred Units and/or Series C Preferred Units owned by each such Member; (d) Fourth, to each Member with Series B Convertible Preferred Units and/or Series C Preferred Units in proportion to, and up to, the amount equal to the quotient of: (i) the product of the Tax Rate Differential and the amount distributed to such Member pursuant to clause (c) above, and (ii) the difference between one (1) and the maximum marginal federal income and New York State and New York City individual tax rate (including, to the extent applicable, alternative minimum tax, if any) expressed as a decimal (after taking into account prior distributions made pursuant to this clause (d)); (e) Fifth, to each Member with Series A Preferred Units in proportion to, and up to, the sum of (i) the amount by which the Liquidation Preference exceeds the Initial Liquidation Preference for all of the Series A Preferred Units owned by each such Member and (ii) the aggregate Unpaid Distribution Amount for all of the Series A Preferred Units owned by each such Member; and (f) Sixth, to each Member in proportion to the Percentage Interests. Notwithstanding anything to the contrary above, if Available Cash is derived from a transaction that occurs in connection with the dissolution, termination and liquidation of the Company, any Available Cash that is derived from or attributable to such a transaction shall be distributed to the Members in accordance with Section 13.3. For purposes of this Agreement, the Capital Contributions in respect of Series C Preferred Units shall be deemed to be their Initial Liquidation Preference.

  • Sharing of Earnings The Borrower shall procure that no Owner shall: (a) enter into any agreement or arrangement for the sharing of any Earnings; (b) enter into any agreement or arrangement for the postponement of any date on which any Earnings are due; the reduction of the amount of any Earnings or otherwise for the release or adverse alteration of any right of that Owner to any Earnings; or (c) enter into any agreement or arrangement for the release of, or adverse alteration to, any guarantee or Security Interest relating to any Earnings.

  • 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.

  • Limited Distributions of Income from Trust Account (a) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit C, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested by the Company to cover any income or other tax obligation owed by the Company. (b) The limited distributions referred to in Section 2(a) above shall be made only from income collected on the Property. Except as provided in Section 2(a), no other distributions from the Trust Account shall be permitted except in accordance with Section 1(i) hereof. (c) The Company shall provide Ladenburg with a copy of any Termination Letters and/or any other correspondence that it issues to the Trustee with respect to any proposed withdrawal from the Trust Account promptly after such issuance.

  • Interim Distributions At such times as may be determined by it in its sole discretion, the Trustee shall distribute, or cause to be distributed, to the Beneficiaries, in proportion to the number of Trust Units held by each Beneficiary relating to the Trust, such cash or other property comprising a portion of the Trust Assets as the Trustee may in its sole discretion determine may be distributed without detriment to the conservation and protection of the Trust Assets in the Trust.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Payment of Contributions The University and eligible academic staff members shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

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