Net Extraordinary Cash Flow Sample Clauses

Net Extraordinary Cash Flow. Except as provided in Section 8.5, --------------------------- and subject to the provisions of paragraph (f) below, all distributions of Net Extraordinary Cash Flow shall be made in the following manner: (i) to Odyssey in an amount equal to its then accrued, but unpaid Accrued Extraordinary Distributions computed through the date of such distribution hereunder, if any; (ii) to Odyssey in an amount equal to its then outstanding Extraordinary Capital Loans, if any; (iii) to the Partners, on a pro rata basis (in proportion to the respective outstanding principal amounts of their Capital Loans), in an amount equal to their then accrued, but unpaid Accrued CL Distributions computed through the date of such distribution hereunder, if any; (iv) to the Partners, on a pro rata basis (in proportion to the respective outstanding principal amounts of their Capital Loans), in an amount equal to their then outstanding Capital Loans, if any; (v) to the Partners, on a pro rata basis (in proportion to their respective outstanding amounts of Additional Contributions), in an amount equal to the then accrued, but unpaid Accrued AC Distributions computed through the date of such distribution hereunder, if any; (vi) to the Partners, on a pro rata basis (in proportion to their respective outstanding amounts of Additional Contributions), in an amount equal to their then outstanding Additional Contributions, if any; (vii) to Reckson in an amount equal to the then accrued, but unpaid Accrued Priority Distributions computed through the date of such distribution hereunder, if any; (viii) to Reckson in an amount equal to the then outstanding amount of the Priority Contribution; and (ix) the balance of any remaining Net Extraordinary Cash Flow shall be distributed to the Partners pro rata in accordance with their then Percentage Interests.
Net Extraordinary Cash Flow. The Administrative Member shall calculate Net Extraordinary Cash Flow and apply and distribute (other than as set forth in Section 6.05(a) and Net Extraordinary Cash Flow arising from a sale incidental to the dissolution and liquidation of the LLC which shall be distributed in accordance with Section 11.03 and subject to the terms and provisions of Section 6.08 and Section 11.04) such Net Extraordinary Cash Flow, reasonably and promptly after the LLC's receipt thereof, to the Members in the following proportions: (i) to Investor and Reckson, pro rata in proportion to their respective Percentage Interests until Investor shall have received an amount equal to Investor's Outstanding Capital Contributions (excluding the Transfer Tax Amount); (ii) next, to Investor until Investor shall have received an amount equal to the Unreturned Transfer Tax Amount; (iii) next to Investor and Reckson, pro rata, in proportion to their respective Percentage Interests until Investor shall have received a 12.5% Internal Rate of Return; and (iv) the balance of such Net Extraordinary Cash Flow, if any, to each of Investor and Reckson in accordance with their respective Promote Percentages. The Administrative Member agrees to cause the Property Owner to make distributions of any net cash receipts other than ordinary operating income promptly following the Property Owner's receipt thereof.
Net Extraordinary Cash Flow. The Managing Member shall calculate Net Extraordinary Cash Flow (other than as set forth in Section 6.05(a) and Net Extraordinary Cash Flow arising from a sale incidental to the dissolution and liquidation of the LLC which shall be distributed in accordance with Section 11.03) and apply and distribute such Net Extraordinary Cash Flow, reasonably and promptly after the LLC's receipt thereof, to the Members pari passu in the following proportions: (i) to the NYSTRS Members, pro rata in proportion to their respective Percentage Interests, in an amount equal to the NYSTRS Members' Percentage Interest, multiplied by the Net Extraordinary Cash Flow; and (ii) the remainder to the Reckson Members in proportion to their respective Percentage Interests. The Managing Member agrees to cause the Lower Tier Entities to distribute "Net Extraordinary Cash Flow" (as defined in each Lower Tier LLC Agreement) promptly following the applicable Lower Tier Entity's receipt thereof.