Distributions of Investment Proceeds Sample Clauses

Distributions of Investment Proceeds. Each distribution of Investment Proceeds shall initially be made to the Partners in proportion to each of their respective Percentage Interests in such Investment. Notwithstanding the previous sentence, each Partner’s (other than UST’s) share of each distribution of Investment Proceeds shall be divided between such Partner on the one hand and the Noteholder on the other hand as follows: (i) Return of Capital: First, 100% to such Partner until the cumulative distributions to such Partner of Investment Proceeds equal such Partner’s Capital Contributions; (ii) UST Warrant Proceeds Split: Thereafter, the Applicable Percentage to such Partner and the Warrant Percentage to the Noteholder.
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Distributions of Investment Proceeds. Except as expressly set forth to the contrary below, all Current Proceeds shall be distributed to all Partners (other than Defaulting Partners) in the order and priority set forth in this Section 4.2(a). Except as expressly set forth to the contrary below, during the Investment Period, upon the Disposition of any Investment, (x) the Disposition Proceeds attributable to such Investment in an amount up to the amount of the Investment Contribution corresponding to such Investment may, in the sole discretion of the General Partner, be distributed to all Partners (other than Defaulting Partners) in the order and priority set forth in this Section 4.2(a) (in which case such distributed amounts shall constitute Returned Amounts that can be re-drawn pursuant to Section 3.1), or may be retained by the Partnership for recycling and re-investment in Investments and may be invested in Short-Term Investments pending such re-investment, and (y) the Disposition Proceeds attributable to such Investment in excess of the amount of the Investment Contribution corresponding to such Investment shall be distributed to all Partners (other than Defaulting Partners) in the order and priority set forth in this Section 4.2(a). Except as expressly set forth to the contrary below, after the expiration of the Investment Period, all Disposition Proceeds shall be distributed to all Partners (other than Defaulting Partners) in the order and priority set forth in this Section 4.2(a); provided, however, that after the expiration of the Investment Period, the Partnership may retain Investment Proceeds to fund obligations and Investments that otherwise could be funded pursuant to Section 3.1(b). The General Partner’s proportionate share of such Investment Proceeds shall be distributed to the General Partner and each Limited Partner’s proportionate share of such Investment Proceeds shall be distributed to such Limited Partner generally as follows:
Sample 1
Distributions of Investment Proceeds. Each distribution of Investment Proceeds shall initially be apportioned to the Partners pro rata in proportion to each of their respective Percentage Interests with respect to such Investment. Subject to the provisions of Section 3.5(c) and Section 4.5 below, the amount of each such distribution initially apportioned to the General Partner shall be distributed to the General Partner, and the amount of each such distribution initially apportioned to each Limited Partner shall be divided between such Limited Partner, on the one hand, and the General Partner, on the other hand, as follows:
Sample 1
Distributions of Investment Proceeds. Investment Proceeds from any Investment shall be apportioned preliminarily among the Partners participating in the applicable investment in proportion to their respective participation in funding such Investment. The amount so apportioned to the General Partner, the Special Limited Partner, the Taaleri Vehicle and/or any other Affiliated Partner shall be distributed to such Person, and the amount so apportioned to each other Partner shall be distributed between the Special Limited Partner and such Partner (subject to Sections 7.8 and 7.9) as follows: (a) First, 100% to such Limited Partner until such Limited Partner has received cumulative distributions pursuant to this Section 4.3(a) equal to its aggregate Loan Advances which, at the relevant time, have been drawn down but have not been repaid or deemed repaid pursuant to Sections 3.3, 7.8(b), 7.9(l) and 7.13(e). (b) Second, 100% to such Limited Partner until such Limited Partner has received cumulative distributions pursuant to this Section 4.3(b) in an amount equal to the Preferred Return. (c) Third, (i) 50% to the Special Limited Partner and (ii) 50% to such Limited Partner until the Special Limited Partner has received cumulative distributions with respect to such Limited Partner pursuant to this Section 4.3(c) equal to 20% of the cumulative amount of distributions made to such Limited Partner pursuant to Section 4.3(b) and made or being made to the Special Limited Partner with respect to such Limited Partner pursuant to Section 4.3(c)(i). (d) Fourth, thereafter, (i) 20% to the Special Limited Partner and (ii) 80% to such Limited Partner. (e) Fifth, at the end of the life of the Partnership, any balance remaining after the payments referred to above, in repayment of the Capital Contributions of the Limited Partners (including the Special Limited Partner) in accordance with Section 9.5. Notwithstanding the priorities set forth above, the General Partner shall have the authority in its discretion to (i) cause the Partnership to make distributions to the Special Limited Partner with respect to each Partner and each fiscal year in an aggregate amount equal to its Tax Amount with respect to such Partner for such fiscal year, and such distributions shall be treated as advances of distributions and shall be taken into account in determining the amount of future distributions to the Special Limited Partner with respect to such Partner pursuant to Sections 4.3(c) and 4.3(d)(i); and (ii) allocate all items of i...
Sample 1

Related to Distributions of Investment Proceeds

  • 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 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 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 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; Investments Directly or indirectly acquire or own any Person, or make any Investment in any Person, other than Permitted Investments, or permit any of its Subsidiaries to do so. Pay any dividends or make any distribution or payment or redeem, retire or purchase any capital stock.

  • Working Capital Trust Account Proceeds Upon consummation of the Offering, $250,000 of the proceeds from the sale of the Firm Units will be released to the Company to fund the working capital requirements of the Company, and the remainder of the proceeds from the sale of the Firm Units will be deposited into the Trust Account and held pursuant to the terms of the Trust Agreement.

  • The Investment Account; Eligible Investments (a) Not later than the Withdrawal Date, the Master Servicer shall withdraw or direct the withdrawal of funds in the Custodial Accounts for P&I, for deposit in the Investment Account, in an amount representing: (i) Scheduled installments of principal and interest on the Mortgage Loans received or advanced by the applicable Servicers which were due on the related Due Date, net of the Servicing Fees due the applicable Servicers and less any amounts to be withdrawn later by the applicable Servicers from the applicable Buydown Fund Accounts; (ii) Payoffs and the proceeds of other types of liquidations of the Mortgage Loans received by the applicable Servicer for such Mortgage Loans during the applicable Payoff Period, with interest to the date of Payoff or liquidation less any amounts to be withdrawn later by the applicable Servicers from the applicable Buydown Fund Accounts; and (iii) Curtailments received by the applicable Servicers in the Prior Period. At its option, the Master Servicer may invest funds withdrawn from the Custodial Accounts for P&I, as well as any Buydown Funds, Insurance Proceeds and Liquidation Proceeds previously received by the Master Servicer (including amounts paid by the Company in respect of any Purchase Obligation or its substitution obligations set forth in Section 2.07 or Section 2.08 or in connection with the exercise of the option to terminate this Agreement pursuant to Section 9.01) for its own account and at its own risk, during any period prior to their deposit in the Certificate Account. Such funds, as well as any funds which were withdrawn from the Custodial Accounts for P&I on or before the Withdrawal Date, but not yet deposited into the Certificate Account, shall immediately be deposited by the Master Servicer with the Investment Depository in an Investment Account in the name of the Master Servicer and the Trust for investment only as set forth in this Section 3.03. The Master Servicer shall bear any and all losses incurred on any investments made with such funds and shall be entitled to retain all gains realized on such investments as additional servicing compensation. Not later than the Business Day prior to the Distribution Date, the Master Servicer shall deposit such funds, net of any gains (except Payoff Earnings) earned thereon, in the Certificate Account. (b) Funds held in the Investment Account shall be invested in (i) one or more Eligible Investments which shall in no event mature later than the Business Day prior to the related Distribution Date (except if such Eligible Investments are obligations of the Trustee, such Eligible Investments may mature on the Distribution Date), or (ii) such other instruments as shall be required to maintain the Ratings.

  • Capital Contributions and Distributions The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes.

  • Liquidating Distributions Notwithstanding anything to the contrary in this Article VII or in Section 8.3 of the Master Agreement, upon the sale of the Property or the dissolution and liquidation of the Series in accordance with the provisions of this Agreement and of Section 8.3 of the Master Agreement, the proceeds of liquidation of the Series or the sale of the Property will be distributed within ninety (90) days of the date of sale of the Property or the dissolution and liquidation in the following order and priority: (i) First, to creditors of the Series, including the Members who are creditors, to the extent otherwise permitted by law, in satisfaction (whether by payment or the making of reasonable provision for payment thereof) of all debts, liabilities, obligations and expenses of the Series, including, without limitation, the expenses incurred in connection with the liquidation of the Series; and (ii) Second, to the Members pro rata in proportion to their holdings of Shares, with such Distributions to be made by the end of the Fiscal Year during which the liquidation occurs (or, if later, ninety (90) days after the date of the liquidation).

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