Refinance Transactions. Distributable Cash from Refinance Transactions shall be distributed in the following order of priority:
(i) First, one hundred percent (100%) to the Members pro rata in accordance with their Unreturned Capital (after taking into account amounts distributed under Section 6.2(b)(ii)) until the aggregate Distributions under this Section 6.2(c)(ii) shall have reduced the Unreturned Capital of all such Members to zero; and
(ii) Simultaneously as follows:
(a) Distributable Cash from Capital Transactions shall be Distributed eighty percent (80%) to the Class A-1 Members, as allocated to their class as a proportion of the amount of funds raised within the class to the total amount of funds raised from Members overall (other than the Manager), pro rata in accordance with the number of Units held and twenty percent (20%) to the Manager;
(b) Distributable Cash from Capital Transactions shall be Distributed seventy-five percent (75%) to the Class A-2 Members, as allocated to their class as a proportion of the amount of funds raised within the class to the total amount of funds raised from Members overall (other than the Manager), pro rata in accordance with the number of Units held and twenty-five percent (25%) to the Manager;
(c) Distributable Cash from Capital Transactions shall be Distributed sixty-five percent (65%) to the Class A-3 Members, as allocated to their class as a proportion of the amount of funds raised within the class to the total amount of funds raised from Members overall (other than the Manager), pro rata in accordance with the number of Units held and thirty-five percent (35%) to the Manager;
Refinance Transactions. The outstanding PACE obligation may be included as existing debt to be paid off as part of rate and term refinance transaction.
Refinance Transactions. Distributable Cash from Refinance Transactions shall be distributed in the following order of priority:
(i) First, one hundred percent (100.0%) to the Members pro rata in accordance with their Unpaid Preferred Return (after taking into account amounts distributed under Section 6.2(a)(i)) and 6.2(b)(i) until the aggregate Distributions under this Section 6.2(c)(i) shall have reduced the Unpaid Preferred Return for all such Members to zero;
(ii) Second, one hundred percent (100.0%) to the Members pro rata in accordance with their Unreturned Capital (after taking into account amounts distributed under Section 6.2(b)(ii)) until the aggregate Distributions under this Section 6.2(c)(ii) shall have reduced the Unreturned Capital of all such Members to zero; and
(iii) Third, all remaining Distributable Cash from Capital Transactions shall be Distributed sixty-five percent (65.0%) to the Members (other than the Manager), pro rata in accordance with the number of Units held and thirty- five percent (35%) to the Manager.
