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.
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Samples: Limited Liability Company Agreement (Inland American Real Estate Trust, Inc.), Limited Liability Company Agreement (Inland American Real Estate Trust, Inc.), Limited Liability Company Agreement (Inland American Real Estate Trust, Inc.)
Distributions of Net Cash Flow. Prior to the dissolution and termination of the Company, Net Cash Flow of the Company (or Net Cash Flow of a Subsidiary that has been distributed to the Company) for any Fiscal Year shall be distributed quarterly monthly (if and to the extent available) by the Company in the following order of priority:
(i) First, pro rata among to the Investors Investors, in accordance with proportion to their respective Class B Units in the Unpaid Investor Preferred Return of each Investor at such timeCompany, until such time as the Unpaid Investor Preferred Return of for each Investor has been reduced to zero;
(ii) Second, to Inlandthe Class A Member, until such time as the Unpaid Inland Preferred Return has been reduced to zero; and
(iii) Third, the balance, to the Class A Members and the Class B Members, pro rata, in proportion to their respective Class A Units in the CompanyCompany (regardless of class).
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Samples: Limited Liability Company Agreement (Inland Diversified Real Estate Trust, Inc.)
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 monthly (if and to the extent available) by the Company in the following order of priority:
(i) First, pro rata among to the Investors in accordance with the Unpaid Investor Preferred Return of each Investor at such timeInvestor, 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.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Inland Diversified Real Estate Trust, Inc.)