DISTRIBUTIONS OF NET PROCEEDS Sample Clauses

DISTRIBUTIONS OF NET PROCEEDS. 8.1 (a) Net Proceeds shall be computed and distributed by the Company once, on an aggregated basis of all stocks in which the Company has traded, at the earlier of (i) a determination by the Investment Manager in his sole discretion, (ii) the resignation or other termination of the Investment Manager, (iii) the liquidation or winding up of the Company or (iv) the end of the Management Term. "
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DISTRIBUTIONS OF NET PROCEEDS. Parent shall, as promptly as practical after the later of the Escrow Release Date and the receipt of Net Proceeds but in no event after the third anniversary of Closing, at which time this Section 1.12(c) shall expire, make a Payment of such Net Proceeds to the Payment Agent for the benefit of the Parent Closing Date Shareholders, in an amount equal to (i) the aggregate Net Proceeds received by Parent through the date of such Payment, less (ii) the aggregate amount of all Payments of Net Proceeds made to date; provided that such Payment will be made pursuant to Section 302A.551 of the Minn. Bus. Corp. Act with
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DISTRIBUTIONS OF NET PROCEEDS. All Net Proceeds, when distributed, shall be distributed among the Partners in the proportion that the Capital Accounts of each Partner bears to the total Capital Accounts of all Partners as of the date of the sale or refinancing or the dissolution and liquidation resulting in such Net Proceeds.
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DISTRIBUTIONS OF NET PROCEEDS. (a) The Company shall distribute Net Proceeds to the Members as soon as practicable after the occurrence of the event giving rise to the Net Proceeds, in the following order of priority: (i) First, to MCHP in an amount equal to its Unpaid Preferred Return; (ii) Second, to the Members in proportion to their Unrecovered Capital Contributions (including MCHP's Capital Contribution in the amount of the Purchase Price) until their Unrecovered Capital Contributions (including MCHP's Capital Contribution in the amount of the Purchase Price) have been reduced to zero; and
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DISTRIBUTIONS OF NET PROCEEDS. To the extent that Corporation receives net proceeds (as a distribution from the Operating Partnership or otherwise) as a result of each sale, or change of control of, any Contributed Property, Additional Property, Interest or Additional Interest (collectively, "Net Proceeds"), it must first apply such Net Proceeds, subject only to amounts reasonably reserved by the Board of Directors, in its reasonable discretion, for a specified business purpose, to the payment of all accumulated and unpaid dividends outstanding on the Senior Preferred Stock (or, if insufficient Net Proceeds are available for distribution, pro rata among each outstanding share of Senior Preferred Stock) to the holders of Senior Preferred Stock. Any remaining Net Proceeds will be distributed by Corporation, 75% to the holders of Senior Preferred Stock (each, a "Distribution of Remaining Net Proceeds"), with the remaining 25% of the Net Proceeds available for distribution to the holders of Company Common Stock. The amount of such Distribution of Remaining Net Proceeds will be applied to the optional redemption and accordingly, reduce, on a dollar for dollar basis, the liquidation preference of the Senior Preferred Stock, as set forth in the Articles. Corporation, in effecting such Distribution of Remaining Net Proceeds, will comply with the provisions of Corporation's Articles as then in effect concerning Corporation's redemption of shares of Senior Preferred Stock.
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DISTRIBUTIONS OF NET PROCEEDS. Each distribution of Net Proceeds ----------------------------- and each in kind distribution of securities including, without limitation, all distributions of Monitoring Fees, Transaction Fees and Break-up Fees, shall be made to the Partners in the following priority calculated cumulatively (subject to Sections 8.7 and 8.8); provided that all Monitoring Fees, Transaction Fees ------------ --- and any other payments received from a Portfolio Company shall be treated as if received as a result of the disposition of the Portfolio Company that paid such amount and all Tax Distributions previously received shall be taken into account as set forth in Section 4.1(d): --------------
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DISTRIBUTIONS OF NET PROCEEDS 
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Related to DISTRIBUTIONS OF NET PROCEEDS

  • 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 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 Cash (a) The Partnership shall distribute cash on a quarterly (or, at the election of the General Partner, more frequent) basis, in an amount determined by the General Partner in its sole and absolute discretion, to the Partners who are Partners on the Partnership Record Date with respect to such quarter (or other distribution period) in the following manner: (i) first, to the General Partner in an amount equal to the GP Minimum Return with respect to the fiscal year of the General Partner; (ii) second, to the Limited Partners pro rata among them in proportion to the their respective Unpaid Return, if any, owing to each such Limited Partners with respect to prior fiscal years, in an amount equal to their respective Unpaid Return for such prior fiscal years owing to each such Limited Partner; (iii) third, after the establishment of reasonable cash reserves to meet REIT Expenses and other obligations of the Partnership, as determined in the sole and absolute discretion of the General Partner, to the General Partner and the Limited Partners in such aggregate amount as may be determined by the General Partner in its sole and absolute discretion to be allocated among the General Partner and the Limited Partners such that each Limited Partner will receive an amount equal to its LP Return for such fiscal year; and (iv) finally, to the Partners in accordance with and in proportion to their respective Percentage Interests; provided, however, that if a new or existing Partner acquires an additional Partnership Interest in exchange for a Capital Contribution on any date other than a Partnership Record Date, the cash distribution attributable to such additional Partnership Interest relating to the Partnership Record Date next following the issuance of such additional Partnership Interest shall be reduced to the proportion thereof which equals (i) the number of days that such additional Partnership Interest is held by such Partner divided by (ii) the number of days between such Partnership Record Date and the immediately preceding Partnership Record Date. Notwithstanding the foregoing, however, the Original Limited Partner may, in its sole and absolute discretion, elect to defer any distribution to be made to it, in which case the amount so deferred shall be deemed to be an additional Capital Contribution made on behalf of the Original Limited Partner under Section 4.02(c) hereof, to be distributed to the Original Limited Partner upon liquidation of the Partnership under Section 5.06 hereof, or at such time as the Original Limited Partner may otherwise be allowed to withdraw from the Partnership after the Transfer Restriction Date.

  • Distributions of Special Payments 25 SECTION 2.5. DESIGNATED REPRESENTATIVES...................................................................... 28 SECTION 2.6. CONTROLLING PARTY............................................................................... 29 ARTICLE III RECEIPT, DISTRIBUTION AND APPLICATION OF AMOUNTS RECEIVED........................................... 31

  • 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 of Available Cash An amount equal to 100% of Available Cash with respect to each fiscal quarter shall be distributed to the Members in proportion to their relative Percentage Interests within forty-five (45) days after the end of such fiscal quarter; provided, that such distributions shall be made promptly following receipt of any distribution pursuant to Section 6.3(a) of the Partnership Agreement.

  • Distribution of Net Cash Flow Net Cash Flow shall be distributed among the Partners in accordance with their Partnership Percentages at such times and in such amounts as shall be determined by the General Partner.

  • Application of Net Proceeds The Company shall apply the net proceeds from the Offering received by it in a manner consistent with the application thereof described under the caption “Use of Proceeds” in the Registration Statement, the Pricing Disclosure Package and the Prospectus.

  • Distributions and Payments Section 4.01.

  • Application of Net Liquidation Proceeds For all purposes under this agreement, Net Liquidation Proceeds received from a Servicer shall be allocated first to accrued and unpaid interest on the related Mortgage Loan and then to the unpaid principal balance thereof.

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