Optional Distributions Sample Clauses

Optional Distributions. To the extent that funds of the Company may be available for distribution by the Company in the Board’s good faith judgment, the Board may, but is not obligated (except in the case of a distribution arising from a dissolution or liquidation described in Article XIII) to make distributions from time to time in respect of the Units, but only in the following order:
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Optional Distributions. 4.2.1Subject to the restrictions governing distributions under the Limited Liability Company Act of the State of New Hampshire, additional distributions of cash or property may be made from time to time by the Company to the Members, at such times and in such amounts as the Members may determine.
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Optional Distributions. Subject to Sections 4.2 and 6.3, Distributable Cash shall be distributed to the Members in proportion to their respective Percentage Interests quarterly in arrears, provided that the Company shall not be required to make any distribution to any Member if such distribution would violate the Act or other applicable law.
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Optional Distributions. After providing for the satisfaction of all the debts and obligations of the Partnership and after any required payments on any loan or other financing, the Partnership may, by agreement of the Partners (except as otherwise required in this Agreement), make distributions of all or any portion of the Net Cash Flow of the Partnership or net proceeds from any Interim Capital Transaction, to the extent available (after establishment of appropriate and reasonable reserves), to the Partners in the following manner and order of priority:
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Optional Distributions. The Company may make optional cash distributions to the Members when, as and if determined by the Management Board and all distributions under this Section 9.4 shall be made among the Members in proportion to their Percentage Interests. Assets or cash available for distribution in connection with the termination and winding up of the Company shall be distributed in accordance with the provisions of Section 11.2. ARTICLE X
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Optional Distributions. Except for the mandatory distributions in ---------------------- this Article 6, distributions shall be made when and as declared by the Managing Members. Any distributions shall be made to the Members pro rata in accordance with their respective Units, provided that no distribution shall be made to a Member which will cause or increase an Adjusted Capital Account Deficit for such Member; and provided that distributions shall only be made to the extent that, after giving effect to a distribution, the assets of the Company are in excess of all liabilities of the Company except liabilities to Members on account of their Capital Contributions.
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Related to Optional Distributions

  • Pro Rata Distributions During such time as this Warrant is outstanding, if the Company shall declare or make any dividend or other distribution of its assets (or rights to acquire its assets) to holders of shares of Common Stock, by way of return of capital or otherwise (including, without limitation, any distribution of cash, stock or other securities, property or options by way of a dividend, spin off, reclassification, corporate rearrangement, scheme of arrangement or other similar transaction) (a “Distribution”), at any time after the issuance of this Warrant, then, in each such case, the Holder shall be entitled to participate in such Distribution to the same extent that the Holder would have participated therein if the Holder had held the number of shares of Common Stock acquirable upon complete exercise of this Warrant (without regard to any limitations on exercise hereof, including without limitation, the Beneficial Ownership Limitation) immediately before the date of which a record is taken for such Distribution, or, if no such record is taken, the date as of which the record holders of shares of Common Stock are to be determined for the participation in such Distribution (provided, however, that, to the extent that the Holder’s right to participate in any such Distribution would result in the Holder exceeding the Beneficial Ownership Limitation, then the Holder shall not be entitled to participate in such Distribution to such extent (or in the beneficial ownership of any shares of Common Stock as a result of such Distribution to such extent) and the portion of such Distribution shall be held in abeyance for the benefit of the Holder until such time, if ever, as its right thereto would not result in the Holder exceeding the Beneficial Ownership Limitation).

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