Distributions of Extraordinary Cash Flow Sample Clauses

Distributions of Extraordinary Cash Flow. At the determination of the General Partner, but no less frequently than annually, the General Partner shall distribute Extraordinary Cash Flow, if any, to the Partners in proportion to their respective Profits Interests.
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Distributions of Extraordinary Cash Flow. Unless otherwise agreed in writing by the Members, the Company shall distribute Extraordinary Cash Flow as soon as reasonably practicable after the Company’s receipt thereof (subject to the terms of the Existing Credit Facility or any replacement thereof) to the Members as follows: (a) First, to the Denihan Member, to the extent of the accrued and unpaid Preferred Return; (b) Second, to the Xxxxxxx Member, to the extent of its Unreturned Preferred Capital; and (c) Thereafter, to the Members pari passu, in proportion to their then current respective Percentage Interests.
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Distributions of Extraordinary Cash Flow. Unless otherwise agreed in writing by the Common Members, the Company shall distribute Extraordinary Cash Flow (such distribution to be made within thirty (30) days after the end of each calendar month in which such Extraordinary Cash Flow is received by the Company) (a “Distribution”) to the Members as follows: (a) First, for so long as any principal or interest under any Member Loan remains unpaid, one hundred percent (100%) to the Member making such Member Loan until such amounts are repaid in full (with such amounts applied first to outstanding interest at the Member Loan Rate and then to outstanding principal under such Member Loan); (b) Second, to the Cindat Member until it has realized a ten percent (10%) cumulative internal rate of return (“IRR”) on the Cindat Member’s Capital Contribution and inclusive of the Distributions of Operating Cash Flow contemplated in Section 5.1.1 above; (c) Third, to the Hersha Member, until it has realized a ten percent (10%) cumulative IRR on the Hersha Member’s Capital Contribution and inclusive of the Distributions of Operating Cash Flow contemplated in Section 5.1.1 above; and (d) Thereafter, 50% to each Common Member, irrespective of their respective Percentage Interests.
Sample 1
Distributions of Extraordinary Cash Flow. Except as provided in Section 7.4, Extraordinary Cash Flow shall be distributed by the Partnership in the following order of priority: 7.3.1 To the General Partner and the Class A Limited Partner pro rata to the extent of the outstanding balance in the General Partner Preferred Return Account and the Class A Limited Partner Preferred Return Account, respectively; 7.3.2 To the General Partner and the Class A Limited Partner pro rata to the extent of the outstanding balance in the General Partner Equity Contribution Account and the Class A Limited Partner Equity Contribution Account, respectively; 7.3.3 To the Class A Limited Partner to the extent of the balance in the Class A Limited Partner Additional Contribution Account; 7.3.4 To the Partners pro rata in accordance with their Residual Sharing Ratios until the General Partner and the Class A Limited Partner have each received an eighteen percent (18%) IRR; 7.3.5 To the Class B Limited Partner to the extent of the outstanding balance in the Class B Limited Partner Equity Contribution Account; and then 7.3.6 To the Partners pro rata in accordance with their Secondary Sharing Ratios. Distributions pursuant to this Section 7.3 shall be paid by the Partnership to the Partners within thirty (30) days following the event giving rise to Extraordinary Cash Flow.
Sample 1
Distributions of Extraordinary Cash Flow. Unless otherwise agreed in writing by the Common Members, the Company shall distribute Extraordinary Cash Flow (such distribution to be made within thirty (30) days after the end of each calendar month in which such Extraordinary Cash Flow is received by the Company) (a “Distribution”) to the Members as follows: (a) First, for so long as any principal or interest under any Member Loan remains unpaid, one hundred percent (100%) to the Member making such Member Loan until such amounts are repaid in full (with such amounts applied first to outstanding interest at the Member Loan Rate and then to outstanding principal under such Member Loan); (b) Second, one hundred percent (100%) to the Preferred Members pro rata in accordance with their respective Preferred Percentage Interests until each Preferred Member have realized a nine percent (9%) cumulative, annually compounding internal rate of return (“IRR”) on such Preferred Member’s 31 Preferred Contributions, inclusive of Distributions of Operating Cash Flow contemplated in Section 5.1.1 above; (c) Third, for so long as any principal or interest under the Call Threshold Member Loan remains unpaid, one hundred percent (100%) to the Hersha Member until such amounts are repaid in full (with such amounts applied first to outstanding interest at the Member Loan Rate and then to outstanding principal under the Call Threshold Member Loan); (d) Fourth, to the Cindat Member until it and the Cindat Lessee JV Member collectively have realized a ten percent (10%) cumulative IRR on the Cindat Member’s Common Contribution and the Cindat Lessee JV Member’s Lessee JV capital contributions to the Lessee JV, taken as a whole and inclusive of the Distributions of Operating Cash Flow contemplated in Section 5.1.1 above and distributions to the Hersha Lessee JV Member pursuant to the Lessee JV LLC Agreement; (e) Fifth, to the Hersha Member, until it and the Hersha Lessee JV Member collectively have realized a ten percent (10%) cumulative IRR on the Hersha Member’s Common Contribution and the Hersha Lessee JV Member’s capital contributions to the Lessee JV, taken as a whole and inclusive of the Distributions of Operating Cash Flow contemplated in Section 5.1.1 above and distributions to the Hersha Lessee JV Member pursuant to the Lessee JV LLC Agreement; and (f) Thereafter, 50% to each Common Member, irrespective of their respective Percentage Interests.
Sample 1
Distributions of Extraordinary Cash Flow. As soon as practicable but in any event within thirty (30) days after receipt by the Partnership of Capital Transaction Proceeds, but subject to Section 16, the General Partner shall distribute Extraordinary Cash Flow in the following order of priority: (i) to the Partners until their respective Unrepaid Capital Contributions shall have been paid pro rata in proportion to such Unrepaid Capital Contributions; and, (ii) thereafter, to the Partners in proportion to their respective Percentage Interests.
Sample 1
Distributions of Extraordinary Cash Flow. Except as provided in Section 3.7, Section 5.1(b), Section 7.4, Section 7.6 and Section 10.3, Extraordinary Cash Flow shall be distributed by the Company (after distributions for the same period pursuant to Section 7.2) in the following order of priority:
Sample 1
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Related to Distributions of Extraordinary Cash Flow

  • 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.

  • 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 from Capital Surplus Available Cash that is deemed to be Capital Surplus pursuant to the provisions of Section 6.3(a) shall be distributed, unless the provisions of Section 6.3 require otherwise, to the General Partner and the Unitholders, Pro Rata, until a hypothetical holder of a Common Unit acquired on the Closing Date has received with respect to such Common Unit distributions of Available Cash that are deemed to be Capital Surplus in an aggregate amount equal to the Initial Unit Price. Available Cash that is deemed to be Capital Surplus shall then be distributed (A) to the General Partner in accordance with its Percentage Interest and (B) to all Unitholders holding Common Units, Pro Rata, a percentage equal to 100% less the General Partner’s Percentage Interest, until there has been distributed in respect of each Common Unit then Outstanding an amount equal to the Cumulative Common Unit Arrearage. Thereafter, all Available Cash shall be distributed as if it were Operating Surplus and shall be distributed in accordance with Section 6.4.

  • Distributions of Available Cash An amount equal to 100% of Available Cash with respect to each fiscal quarter of the Partnership shall be distributed simultaneously to the Members in proportion to their relative Percentage Interests within forty-five days after the end of such quarter.

  • Distributions of Available Cash From Operating Surplus Available Cash that is deemed to be Operating Surplus pursuant to the provisions of Section 6.3 or Section 6.5 shall be distributed as follows, except as otherwise contemplated by Section 5.6(b) in respect of additional Partnership Interests issued pursuant thereto (including pursuant to Article V with respect to the Preferred Units): (a) First, 100% to the General Partner and the Unitholders, Pro Rata, until there has been distributed in respect of each Unit then Outstanding an amount equal to the Minimum Quarterly Distribution for such Quarter; (b) Second, 100% to the General Partner and the Unitholders, Pro Rata, until there has been distributed in respect of each Unit then Outstanding an amount equal to the excess of the First Target Distribution over the Minimum Quarterly Distribution for such Quarter; (c) Third, (i) to the General Partner in accordance with its Percentage Interest; (ii) 13% to the holders of the Incentive Distribution Rights, Pro Rata; and (iii) to all Unitholders, Pro Rata, a percentage equal to 100% less the sum of the percentages applicable to subclauses (i) and (ii) of this clause (c), until there has been distributed in respect of each Unit then Outstanding an amount equal to the excess of the Second Target Distribution over the First Target Distribution for such Quarter; (d) Fourth, (i) to the General Partner in accordance with its Percentage Interest; (ii) 23% to the holders of the Incentive Distribution Rights, Pro Rata; and (iii) to all Unitholders, Pro Rata, a percentage equal to 100% less the sum of the percentages applicable to subclauses (i) and (ii) of this clause (d), until there has been distributed in respect of each Unit then Outstanding an amount equal to the excess of the Third Target Distribution over the Second Target Distribution for such Quarter; and (e) Thereafter, (i) to the General Partner in accordance with its Percentage Interest; (ii) 48% to the holders of the Incentive Distribution Rights, Pro Rata; and (iii) to all Unitholders, Pro Rata, a percentage equal to 100% less the sum of the percentages applicable to subclauses (i) and (ii) of this clause (e); provided, however, if the Minimum Quarterly Distribution, the First Target Distribution, the Second Target Distribution and the Third Target Distribution have been reduced to zero pursuant to the second sentence of Section 6.6(a), the distribution of Available Cash that is deemed to be Operating Surplus with respect to any Quarter will be made solely in accordance with Section 6.4(e).

  • Excess Cash Flow In the event that there shall be Excess Cash Flow in excess of $2,500,000 for any Fiscal Year, the Borrower shall, not later than the tenth Business Day following the date that is ninety days after the end of such Fiscal Year, prepay the Loans in an aggregate amount equal to 50% (provided that (i) such prepayment percentage shall be 25% if, as of the last day of the most recently ended Fiscal Year, the Senior Secured Net Leverage Ratio (determined for any such period by reference to the Compliance Certificate delivered pursuant to Section 5.1(c) calculating the Senior Secured Net Leverage Ratio as of the last day of such Fiscal Year) shall be 1.80:1.00 or less and (ii) no such prepayment shall be required by this clause (e) if the foregoing Senior Secured Net Leverage Ratio as of the last day of such Fiscal Year shall be 1.30:1.00 or less) of the entire Excess Cash Flow for such Fiscal Year minus 100% of voluntary repayments of the Loans made during such Fiscal Year with Internally Generated Cash; provided, that, if at the time that any such prepayment would be required, the Borrower is required to repay or repurchase or to offer to repurchase or repay Senior Secured Debt permitted pursuant to Section 6.1 pursuant to the terms of the documentation governing such Indebtedness with all or a portion of such Excess Cash Flow (such Senior Secured Debt required to be repaid or repurchased or to be offered to be so repaid or repurchased, “Other Applicable ECF Indebtedness”), then the Borrower may apply such Excess Cash Flow on a pro rata basis to the prepayment of the Loans and to the repayment or re-purchase of Other Applicable ECF Indebtedness, and the amount of prepayment of the Loans that would have otherwise been required pursuant to this Section 2.10(e) shall be reduced accordingly (for purposes of this proviso pro rata basis shall be determined on the basis of the aggregate outstanding principal amount of the Loans and Other Applicable ECF Indebtedness at such time, with it being agreed that the portion of Excess Cash Flow allocated to the Other Applicable ECF Indebtedness shall not exceed the amount of such Excess Cash Flow required to be allocated to the Other Applicable ECF Indebtedness pursuant to the terms thereof, and the remaining amount, if any, of such net proceeds shall be allocated to the Loans in accordance with the terms hereof); provided further, that to the extent the holders of Other Applicable ECF Indebtedness decline to have such indebtedness repurchased or prepaid, the declined amount shall promptly (and in any event within ten Business Days after the date of such rejection) be applied to prepay the Loans in accordance with the terms hereof.

  • 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.

  • Non-Cash Distributions If the Security Agent or any other Secured Party receives a distribution in a form other than in cash in respect of any of the Liabilities, the Liabilities will not be reduced by that distribution until and except to the extent that the realisation proceeds are actually applied towards the Liabilities.

  • Allocations of Income and Loss For each taxable year, each holder of Preferred Units will be allocated a portion of the Net Income and Net Loss of the Partnership equal to the portion of the Net Income and Net Loss of the Partnership that would be allocated to such holder pursuant to Article 6 of the Agreement if such holder held a number of Partnership Common Units equal to (i) the number of Preferred Units held by such holder, multiplied by (ii) 0.625. Upon liquidation, dissolution or winding up of the Partnership, the Partnership shall endeavor to allocate income and gain to the holders of the Preferred Units such that the Capital Accounts related to the Preferred Units are equal to their Liquidation Preference.

  • Excess Cash Borrower shall establish on the date hereof an Eligible Account with Lender or Lender’s agent into which Borrower shall deposit all Excess Cash on each Payment Date during the continuation of a Cash Sweep Period (the “Excess Cash Reserve Account”). Amounts so deposited shall hereinafter be referred to as the “

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