Non-Liquidation Cash Distributions Sample Clauses
Non-Liquidation Cash Distributions. The amount, if any, of Available Cash may be determined and distributed by the Member at any time and from time to time.
Non-Liquidation Cash Distributions. Any Available Cash shall be distributed as may be agreed to by the Board of Managers, to the Members in accordance with their respective Percentage Interests as of the end of such Fiscal Year and at such other times as may be agreed to by the Board of Managers.
Non-Liquidation Cash Distributions. The amount, if any, of Distributions of Available Cash or other Distributions may be determined and distributed by the Management Committee at any time and from time to time.
Non-Liquidation Cash Distributions. (a) All Asset Series Proceeds (which shall include, for purposes of this Section 4.1, any Special Capital Contributions) collected with respect to an Asset Series shall be applied and distributed on each Distribution Date that funds are available for distribution hereunder, or on such other periodic basis, as may be determined by a Super- Majority in Interest of the Members, in accordance with the following:
(i) first, to reimburse the Members for any out-of-pocket expenses incurred by such Members on behalf of the Company, so long as the amount of such reimbursements shall not exceed $250,000 in any calendar year;
(ii) second, to the Participating Member, the Initial Capital Return on the Capital Contribution of the Participating Member in respect of such Asset Series;
(iii) third, to the Participating Member, until the Capital Contribution of the Participating Member in respect of such Asset Series has been paid in full;
(iv) fourth, to all Members except the Participating Member, pro rata, the Initial Capital Return on the Capital Contribution (including any Special Capital Contribution) of each such Member in respect of such Asset Series, such amount to be distributed in the proportion which such Member’s Capital Contribution with respect to such Asset Series bears to the Capital Contributions of all Members, other than the Participating Member, with respect to such Asset Series;
(v) fifth, to all Members except the Participating Member, pro rata, until all Capital Contribution (including any Special Capital Contribution) of each such Member in respect of such Asset Series has been paid in full, such amount to be distributed in the proportion which such Member’s Capital Contribution with respect to such Asset Series bears to the Capital Contributions of all Members, other than the Participating Member, with respect to such Asset Series; and
(vi) sixth, to all Members, pro rata, in accordance with their respective Percentage Interests.
(b) Initial Capital Returns payable with respect to any Capital Contribution shall be computed on the basis of the actual number of days elapsed in a year of three hundred and sixty-five (365) days and shall accrue on the outstanding balance of the related Capital Contribution on a daily basis. Initial Capital Returns shall accrue on the outstanding balance of a Member’s Capital Contribution with respect to an Asset Series, commencing on the date on which the Member makes such a Capital Contribution, and shall be payable ...
Non-Liquidation Cash Distributions. Subject to any applicable contractual restrictions and the availability of cash, the Company shall make quarterly distributions to the Members in accordance with their respective Percentage Interests in an aggregate amount with respect to each taxable year of the Company equal to the Required Distribution. Such quarterly installments shall be estimated for the first three quarters of the year and shall be made within 20 days after the end of each such quarter, and the final quarterly installment shall be made within 60 days after the end of the year. If the Distributions made by the Company under this subsection (a) for any taxable year exceed the Required Distribution for such year, the next scheduled distribution(s) to the Members under this subsection (a) shall be reduced by the amount of such excess until such excess has been fully recovered by the Company.
Non-Liquidation Cash Distributions. The General Partner shall determine in its sole discretion the amount, if any, cash to distribute to the Partners. Any cash distributed to the Partners shall be distributed in accordance with their respective Percentage Interests as of the dated of the distribution.
Non-Liquidation Cash Distributions. The amount, if any, of Available Cash shall be reasonably determined by the General Partner from time to time and shall be distributed to the Partners at such times and in such amounts as reasonably determined by the General Partner, in proportion to the Partners’ respective Percentage Interests.
Non-Liquidation Cash Distributions. The Manager shall determine the amount of Available Cash available for Distributions on at least an annual basis, or more frequently as determined in the discretion of the Manager. The Manager may consider all matters incidental to the finances of the Company in determining Available Cash, including Reserves required under Section 4.8 and Tax Distribution required under Section 4.9. The Manager shall distribute Available Cash to the Class B Members in accordance with their respective Class B Percentage Interests at least annually, or more frequently in the discretion of the Manager.
Non-Liquidation Cash Distributions. The Board of Directors may determine from time to time at their sole and absolute discretion whether to make any distribution of Available Cash. The Board of Directors may from time to time, at its sole discretion, change any distribution policy it may adopt. If the Board of Directors does determine to make any cash distributions, the Company shall distribute such amount in accordance with the Member's respective Percentage Interests.
Non-Liquidation Cash Distributions. Subject to the Series A Guaranteed Payments, the amount, if any, of Available Cash will be determined by the Board from time to time and will be distributed at the discretion of the Board to the Class A Members in accordance with their respective Percentage Interests. Subject to the priority of the Series A Guaranteed Payments, the Company may make quarterly distributions of Available Cash to the Members based upon the respective shares of Income allocated or anticipated to be allocated to them for the taxable year (“Tax Advances”). The Tax Advances will be computed at the highest combined state and federal rate applicable to any distributee Member and will be treated as an advance of and offset against each distributee Member’s right to cash distributions under this Section 4.1.