Common use of NET AVAILABLE CASH Clause in Contracts

NET AVAILABLE CASH. The General Partner shall, at the end of each quarter, determine the amount of Net Available Cash for such quarter (or more frequently, if Approved by the General Partner). All Net Available Cash for any period shall be distributed as follows, within thirty (30) days after the end of each calendar quarter (or at such other times as shall be Approved by the General Partner) after first repaying any loans to the Partnership from the Partners under Section 2.2.2.1 and/or 2.3 (loans which have been outstanding the longest shall be repaid first and if two or more Partners have loans which have been outstanding for equal periods, repayment of such loans shall be made pro rata, in proportion to such Partners' then respective loan balances, with payments first repaying accrued but unpaid interest and then repaying principal): 4.1.1 First, distributions shall be made to the Partners until each Partner has received distributions pursuant to this Section 4.1.1 in an amount equal to such Partner's Unrepaid Capital; such distributions to be made pro rata, in proportion to the then respective aggregate Unrepaid Capital of each Partner; and 4.1.2 Next, the balance shall be distributed to the Partners, pro rata, in proportion to the Partners' then respective Residual Percentages.

NET AVAILABLE CASH. The General Partner Members shall, at the end of each quarter, determine the amount of Net Available Cash for such quarter (or more frequently, if Approved by the General PartnerMembers). All Net Available Cash for any period shall be distributed as follows, within thirty (30) days after the end of each calendar quarter (or at such other times as shall be Approved by the General PartnerMembers) after first repaying any loans to the Partnership Company from the Partners Members under Section 2.2.2.1 and/or 2.3 (loans which have been outstanding the longest shall be repaid first and if two or more Partners Members have loans which have been outstanding for equal periods, repayment of such loans shall be made pro rata, in proportion to such PartnersMembers' then respective loan balances, with payments first repaying accrued but unpaid interest and then repaying principal): 4.1.1 First, distributions shall be made to the Partners Members until each Partner Member has received distributions pursuant to this Section 4.1.1 in an amount equal to such PartnerMember's Unrepaid Capital; such distributions to be made pro rata, in proportion to the then respective aggregate Unrepaid Capital of each PartnerMember; and 4.1.2 Next, the balance shall be distributed to the PartnersMembers, pro rata, in proportion to the PartnersMembers' then respective Residual Percentages.

NET AVAILABLE CASH. The General Partner shall, at the end of each quarter, determine the amount of Net Available Cash for such quarter (or more frequently, if Approved by the General Partner). All Net Available Cash for any period shall be distributed as follows, within thirty (30) days after the end of each calendar quarter (or at such other times as shall be Approved by the General Partner) after first repaying any loans to the Partnership from the Partners under Section 2.2.2.1 2.2.2.1. and/or 2.3 (loans which have been outstanding the longest shall be repaid first and if two or more Partners have loans which [21] 26 have been outstanding for equal periods, repayment of such loans shall be made pro rata, in proportion to such Partners' then respective loan balances, with payments first repaying accrued but unpaid interest and then repaying principal): 4.1.1 First, distributions shall be made to the Partners until each Partner has received distributions pursuant to this Section 4.1.1 in an amount equal to such Partner's Unrepaid Capital; such distributions to be made pro rata, in proportion to the then respective aggregate Unrepaid Capital of each Partner; and 4.1.2 Next, the balance shall be distributed to the Partners, pro rata, in proportion to the Partners' then respective Residual Percentages.