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 Net Cash Flow. All Net Cash Flow shall be distributed to the Member at such times and in such amounts as shall be determined by the Manager.
Distributions of Net Cash Flow. Distributions of Net Cash Flow shall be made to the Sole Member by the Manager at such times and in such amounts as determined by the Manager, acting alone, provided such distributions are not prohibited by any agreement to which the Company is a party or the Act or other applicable law. The Manager shall not receive any distribution of Net Cash Flow.
Distributions of Net Cash Flow. Subject to the other provisions of this Article 5 and to the provisions of Section 10.1, to the extent permitted by Applicable Law, distributions to Members may be declared by the Managing Member out of Net Cash Flow in such amounts and on such terms as the Managing Member shall determine on the Company Record Date that the Managing Member may designate and shall be made to the Members holding Class A Units, Class B Units, Class C Units and/or LTIP Units as of the close of business on such Company Record Date, as follows:
(i) first, if such Company Record Date is prior to the LTIP Unit Distribution Participation Date, 100% to the Members holding Class A Units, Class B Units, Class C Units and/or LTIP Units in proportion to each such Member’s respective Percentage Interest; provided, however, that distributions to the LTIP Unitholders with respect to an LTIP Unit shall be in an amount equal to the product of (A) the distributions per Class A Unit to be paid to the holders of Class A Units pursuant to this Section 5.01(a)(i) multiplied by (B) ten percent (the “Concurrent LTIP Distribution”), with the balance of the distribution that would have otherwise been payable to the LTIP Unitholders but for the effect of this proviso being distributed to the Members holding Class A Units, Class B Units and/or Class C Units in proportion to each such Member’s respective Percentage Interest;
(ii) second, following the LTIP Unit Distribution Participation Date, 100% to the LTIP Unitholders pro rata until such time as the LTIP Unitholders have received distributions per LTIP Unit pursuant to this Section 5.01(a)(ii) equal to the difference of (A) the cumulative distributions paid on each Class A Unit prior to the LTIP Unit Distribution Participation Date and during the period the LTIP Unitholder held such LTIP Unit, minus (B) the Concurrent LTIP Distributions paid on such LTIP Unit; and
(iii) thereafter, 100% to the Members holding Class A Units, Class B Units, Class C Units and/or LTIP Units in proportion to each such Member’s respective Percentage Interest.
Distributions of Net Cash Flow. Prior to the dissolution and termination of the Company, Net Cash Flow of the Company for any Fiscal Year shall be distributed quarterly (if and to the extent available) by the Company in the following order of priority:
(i) First, pro rata among the Investors in accordance with the Unpaid Investor Preferred Return of each Investor at such time, until such time as the Unpaid Investor Preferred Return of each Investor has been reduced to zero;
(ii) Second, to Inland, until such time as the Unpaid Inland Preferred Return has been reduced to zero; and
(iii) Third, the balance, to the Class A Members, in proportion to their respective Class A Units in the Company.
Distributions of Net Cash Flow. Subject to Article XI, the Partnership shall distribute to the Partners any Net Cash Flow at such times as the General Partner shall reasonably determine to be appropriate. Distributions of Net Cash Flow shall be made to the Partners in accordance with their respective Partnership Interests. Notwithstanding the foregoing, the Partners acknowledge that the interest of the JMB Limited Partner is subject to a Second Amended, Restated and Consolidated Security Agreement, dated as of October 10, 1996, executed and delivered pursuant to the Plan and the JMB Limited Partner and the Special General Partner agree that the General Partner shall be authorized to pay any distributions otherwise payable to the JMB Limited Partner or the Special General Partner hereunder to or at the direction of the holder of the Second Amended, Restated and Consolidated Promissory Note secured thereby.
Distributions of Net Cash Flow. All Net Cash Flow, if any, realized ------------------------------ by or available to the Partnership shall first be applied or added to a reasonable reserve retained for working capital needs or to provide funds for contingencies and expenses of the Partnership, (all as determined in the sole discretion of the General Partner or as required by any loan agreement or instrument of the Partnership), and the balance, if any, shall be distributed, (from time to time in the sole discretion of the General Partner, but in the event, no less frequently than quarterly), in the following order of priority to the extent available:
A. To the General Partner in repayment of the entire principal amounts of any outstanding General Partner's loans, together with all accrued but unpaid interest thereon, first on account of interest accrued thereon and then on account of the principal amounts thereof;
B. To the General Partner in reduction of its then outstanding Additional Capital Balance;
C. To the Limited Partners, until such time as the Limited Partners have received the aggregate sum of Three Million Eight Hundred Seventy Five Thousand Dollars ($3,875,000.00), which aggregate sum shall be reduced by an amount equal to the amount of initial working capital returned by the Partnership to the Limited Partners, a sum equal to the amount necessary to increase the aggregate distribution to the Limited Partners for the fiscal year to Nine Hundred Sixty Eight Thousand Seven Hundred Fifty Dollars ($968,750.00) shall be paid to the Limited Partners. Thereafter, any remaining amounts shall be distributed to the Partners in accordance with their respective Participation Percentages; and
D. Once the Limited Partners have received the aggregate sum of Three Million Eight Hundred Seventy Five Thousand Dollars ($3,875,000.00), which aggregate sum shall be reduced by an amount equal to the amount of initial working capital returned by the Partnership to the Limited Partners, any remaining amounts shall be distributed to the Partners in accordance with their respective Participation Percentages.
Distributions of Net Cash Flow. Distributions of Net Cash Flow to the Members shall be made as follows:
(a) quarterly, to the Members in proportion to and to the extent of their relative Percentage Interests, an amount not in excess of the Tax Distribution for the Taxable Year; provided, however, that distributions under this Section 4.1(a) shall be treated as advance distributions under Section 4.1(b), with the result that distributions otherwise made under Section 4.1(b) to such Member shall be reduced by the amount of advances made pursuant to this Section 4.1(a); and
(b) upon the approval of and in the amount so approved by the Management Committee acting in its sole discretion, to the Members in proportion to their relative Percentage Interests.
Distributions of Net Cash Flow. Subject to the provisions of Section 6.4 hereof and prior to the dissolution and termination of the Company, and subject to Section 18-607 of the LLC Act, Net Cash Flow of the Company for any Fiscal Year shall be distributed monthly (if and to the extent available) by the Company in the following order of priority:
(i) FIRST, to Cordish, until such time as the Unpaid Cordish Preferred Return has been reduced to zero.
(ii) SECOND, in the sole and absolute discretion of the Manager, to Inland, until such time as the Unpaid Inland Preferred Return has been reduced to zero.
(iii) THIRD, in the sole and absolute discretion of the Manager, the balance, to the Members, in proportion to their respective Percentage Interests in the Company.
Distributions of Net Cash Flow. The General Partner, in its discretion, may authorize distributions by the Partnership to the Partners, it being agreed that all distributions shall be made pro rata in accordance with the Partners’ respective Percentage Interests.
