Distributions of Operating Cash Flow. Subject to Section 13.5 hereof as to proceeds of liquidation, upon the dissolution of the Company for any reason during the period of liquidation and until termination of the Company, the Members shall continue to receive the Operating Cash Flow and to share profits and losses for all tax and other purposes as provided elsewhere in this Agreement.
Distributions of Operating Cash Flow. At the determination of the General Partner, but no less frequently than annually, the General Partner shall distribute Operating Cash Flow to the Partners in proportion to their respective Profits Interests.
Distributions of Operating Cash Flow. Upon the dissolution of the Partnership for any reason, the Partners shall continue to share profits and losses for all tax and other purposes as provided elsewhere in this Agreement during the period of liquidation and until final termination of the Partnership.
Distributions of Operating Cash Flow. Unless otherwise agreed in writing by the Members, the Company shall (subject to the terms of the Existing Credit Facility or any replacement thereof) distribute Operating Cash Flow for each calendar month in which there is Operating Cash Flow (such distribution to be made within twenty (20) days after the end of each such calendar month) to the Members as follows:
(a) First, to the Denihan Member, to the extent of the accrued and unpaid Preferred Return; and
(b) Thereafter, to the Members pari passu, in proportion to their then current respective Percentage Interests.
Distributions of Operating Cash Flow. Within thirty (30) days after the end of each calendar quarter or at such other times as the Manager shall determine, the Company shall distribute its Operating Cash Flow to the Class A Members in proportion to the number of Class A Shares owned by each.
Distributions of Operating Cash Flow. Operating Cash Flow for each Fiscal Year shall be distributed to the Partners in the following order of priority:
(a) first, 95% to the Class B Interest Holders, 4% to the Class A Interest Holders and 1% to the General Partner until the Class B Interest Holders have received aggregate distributions for such Fiscal Year pursuant to this Section 6.01(a) and Section 6.03(a)(i) in an amount equal to 90% of the Preferred Return Amount for such Fiscal Year;
(b) second, 50% to the Class B Interest Holders, 49% to the Class A Interest Holders and 1% to the General Partner until the Class B Interest Holders have received aggregate distributions pursuant to Section 6.03(a), Section 6.01(a) and this Section 6.01(b) for such Fiscal Year in an amount equal to the Preferred Return Amount for such Fiscal Year;
(c) third, to the Partners pro rata in proportion to the balances in their respective Investment Income Accounts to the extent thereof; and
(d) thereafter, to the Partners in accordance with their respective Sharing Ratios.
Distributions of Operating Cash Flow. As used in this Agreement, Operating Cash Flow shall mean and be defined as the Net Profits or Net Losses (a Net Loss being treated as a negative Net Profit amount) during the period in question of the Partnership increased by the following:
(a) Any receipts, but excluding Capital Cash Flow and excluding the proceeds of any additional Capital Contributions to the Partnership pursuant to Paragraphs 4.1 and 4.5 hereof, which are not included in Net Profits including, but not limited to, capital contributions and withdrawals from operating reserves established by the General Partners; and
(b) Any non-cash charges (such as Depreciation and amortization) deducted in determining Net Profits and Net Losses; ---and decreased by the following:
(c) All expenditures, including any principal payments with respect to any indebtedness of the Partnership, which are not deducted in determining Net Profits or Net Losses; and
(d) Any amounts set aside by the General Partners to provide a reserve for working capital needs, improvements, repairs or replacements or such other purposes as the General Partners shall determine in their sole discretion, including but not limited to reserves of cash held for future acquisitions. Operating Cash Flow of the Partnership shall be determined by the General Partners not less frequently than quarterly and shall be distributed to or for the benefit of the Partners in accordance with the respective Percentage Interests of the Partners not later than fifteen (15) days following the date of each such determination, except that with respect to OP Units issued pursuant to clause (i) of the first sentence of Paragraph 4.4(B) hereof, the distribution with respect to the calendar quarter in which such OP Units are first issued shall be pro rated based upon a fraction the numerator of which is the number of days in such calendar quarter such OP Units were outstanding and the denominator of which is the total number of days in such calendar quarter; provided however, that there shall be no such pro ration with respect to OP Units issued to the Company or to an entity directly or indirectly controlled by the Company, for which the Company issues a corresponding number of additional shares of Common Stock.
Distributions of Operating Cash Flow. At the discretion of the General Partner, the Operating Cash Flow of the Partnership shall be distributed among the Partners. All distributions of Operating Cash Flow shall be distributed to the Partners, pro-rata, in proportion to the Partner's Percentage of Interest.
Distributions of Operating Cash Flow. Unless otherwise mutually agreed in writing by the Members, the Company shall (subject to the terms of any financing) distribute Operating Cash Flow for each quarterly period in which there is Operating Cash Flow (such distribution to be made within thirty (30) days after the end of each such quarter of each Fiscal Year) 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 received aggregate distributions from the Company pursuant to this Section 5.1.1(b) in an amount equal a return on the aggregate of the Cindat Member’s unreturned Capital Contributions at the Cindat Preferred Return Rate;
(c) Third, to the Hersha Member until it has received aggregate distributions from the Company pursuant to this Section 5.1.1(c) in amount equal to an eight percent (8%) non-cumulative annual return on the Hersha Member’s unreturned Capital Contribution; and
(d) Thereafter, to the Common Members pro rata according to their respective Common Percentage Interests.
Distributions of Operating Cash Flow. Operating Cash Flow and any other available cash proceeds that are not Capital Proceeds shall be distributed from time to time among the Members pro rata based on their Participating Percentages.
