General Distributions. The Series shall make Distributions of Available Cash (or, in accordance with Section 7.3(a) below, property of the Series on an in kind basis) on a monthly basis, in amounts determined by the Manager, acting in its sole direction. Distributions shall be payable to all Members pro rata in proportion to their holdings of Shares; provided, that, the amount of Distributions paid to a Member in any given calendar month (other than liquidating distributions) shall be determined based on the number of calendar days that a Member owns its Shares in such calendar month.
General Distributions. The following options are available to the Trustee regarding the distribution of principal or income to or for a beneficiary:
(A) Payments may be made directly to the beneficiary as an allowance, in such amounts as the Trustee may deem advisable;
(B) Payments may be made to the Guardian of the beneficiary.
(C) Payments may be made to a relative of the beneficiary upon the agreement of such relative to expend such income or principal solely for the benefit of the beneficiary. Said agreement may include a custodianship under the Uniform Transfers (or Gift) to Minors Act of any state.
(D) The Trustee may expending such income or principal directly for the beneficiary. After making a distribution as provided above, the Trustee shall have no further obligation regarding the distribution.
(E) In making distributions of income or principal, the Trustee shall be mindful of the Beneficiaries health, education, support, maintenance, comfort and general welfare needs.
General Distributions. Except as otherwise provided in this Article 4, Article 8 or in any applicable Class Designation, the General Partner shall determine the timing and amount of all distributions. Subject to the terms of any applicable Class Designation and the other provisions of this Article 4, any distributions (including Tax Distributions, except to the extent provided in Section 4.2.4) shall be made pro rata in accordance with their Base Percentage Interests.
General Distributions. Subject to the terms of the Plan, We will make Distributions for Benefit payments from a Sub-account(s) under this Agreement. We will apply to these Distributions any limitations described in this Agreement. We will make Distributions in the following manner:
General Distributions. Subject to the terms of any Unit Designation, the Company shall distribute an amount of Available Cash when, as, and if determined by the Managing Member to the Members pro rata in accordance with their Common Units.
General Distributions. (a) Within 45 days following the end of each Quarter commencing with the Quarter ending on June 29, 1996, an amount equal to 100% of Available Cash with respect to such Quarter shall be distributed in accordance with this Article VI by the Partnership to the Partners in accordance with their respective Percentage Interests. The immediately preceding sentence shall not require any distribution of cash if and to the extent such distribution would be prohibited by applicable law or by any loan agreement, security agreement, mortgage, debt instrument or other agreement or obligation to which the Partnership is a party or by which it is bound or its assets are subject. All distributions required to be made under this Agreement shall be made subject to Sections 17-607 or 17-804 of the Delaware Act.
(b) In the event of the dissolution and liquidation of the Partnership, all receipts received during or after the Quarter in which the Liquidation Date occurs, except as otherwise provided in (a)(ii) of the definition of Available Cash, shall be applied and distributed solely in accordance with, and subject to the terms and conditions of, Section 12.4.
(c) The Board of Supervisors shall have the discretion to treat taxes paid by the Partnership on behalf of, or amounts withheld with respect to, all or less than all of the Partners, as a distribution of Available Cash to such Partners.
General Distributions. To the extent that the General Partner determines at any time or from time-to-time, in its sole and absolute discretion, that the Company has funds from operations or other sources other than from Interest Income, which funds are (i) in excess of the amount required for the payment of all then-due obligations of the Company, including without limitation the portion of such obligations that are payable by the General Partner pursuant to Article 6, (ii) not needed for the establishment of reasonable reserves for the Company’s liabilities, obligations, working capital, and other anticipated needs; (iii) not restricted for distribution to by the Company to the Partners under contract or law (such funds from time-to-time, on a cumulative basis, satisfying the criteria in clauses (i), (ii) and (iii) of this Section 3.4.1.2 are referred to as “Available Cash”); and (iv) not subject to any written or other binding agreement by all of the Partners not to distribute Available Cash or otherwise prohibited by the Court Order and/or the terms and conditions of the Limited Partner Solicitation, then distributions of Available Cash, if any, shall be made in such amounts and at such times determined by the General Partner in its sole and absolute discretion to the Partners in proportion to their Percentage Interests.
General Distributions. (a) Within 45 days following the end of each Quarter commencing with the Quarter ending on March 31, 1997, an amount equal to 100% of Available Cash with respect to such Quarter shall, subject to Section 17-607 of the Delaware Act, be distributed in accordance with this Article VI by the Partnership to the Partners in accordance with their respective Percentage Interests. The immediately preceding sentence shall not require any distribution of cash if and to the extent such distribution would be prohibited by applicable law or by any loan agreement, security agreement, mortgage, debt instrument or other agreement or obligation to which the Partnership is a party or by which it is bound or its assets are subject. All distributions required to be made under this Agreement shall be made subject to Section 17-607 of the Delaware Act.
(b) In the event of the dissolution and liquidation of the Partnership, all receipts received during or after the Quarter in which the Liquidation Date occurs, other than from borrowings described in (a)(ii) of the definition of Available Cash, shall be applied and distributed solely in accordance with, and subject to the terms and conditions of, Section 12.4.
(c) The Managing General Partner shall have the discretion to treat taxes paid by the Partnership on behalf of, or amounts withheld with respect to, all or less than all of the Partners, as a distribution of Available Cash to such Partners.
General Distributions. 26 ARTICLE VII
General Distributions. 30 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS SECTION 7.1 MANAGEMENT . . . . . . . . . . . . . . . . . . . . . . . .31 SECTION 7.2 CERTIFICATE OF LIMITED PARTNERSHIP . . . . . . . . . . . .33 SECTION 7.3 RESTRICTIONS ON GENERAL PARTNERS' AUTHORITY. . . . . . . .33 SECTION 7.4 REIMBURSEMENT OF THE MANAGING GENERAL PARTNER. . . . . . .34 SECTION 7.5
