Regular Distributions of Net Income. Subject to any retained earnings and to the statutory requirements related to corporate distributions, the net income of the Corporation may be distributed quarterly to the Shareholders in proportion to the number of shares of the Corporation owned by them. Such distributions shall be approved by all Shareholders. Shareholders may elect to not take a distribution, but instead offer the moneys as a loan to the Corporation.
Regular Distributions of Net Income. Subject to retained earnings and legal requirements for company distributions, the Company's net income may be distributed quarterly to Shareholders quarterly in proportion to their number of Shares of the Company. Such distributions will be approved by all Shareholders. Shareholders can choose to receive a distribution, but instead offer money as a loan to the Company. Article 6 – Share Loans to the Company 6.1. Credit terms. A Shareholder may credit the Institution after it has been approved by all Shareholders and only under the following conditions, unless otherwise agreed. [SHAREHOLDER LOAN Terms].
Regular Distributions of Net Income. Unless the Managing Shareholder shall determine in good faith that the investment company reasonably needs to retain the same to meet its obligations or to maintain a sound financial condition in light of the investment company's reasonable financial needs, the net income of the investment company in excess of $30.000,000.00 shall be distributed by the investment company semi-annually, proportionate to the percentage of shares owned by each Shareholder.
Regular Distributions of Net Income. Unless the Managing Shareholder shall determine in good faith that the reasonably needs to retain the same to meet its obligations or to maintain a sound financial condition in light of the 's reasonable financial needs, the net income of the in excess of $ shall be distributed by the monthly, proportionate to the percentage of shares owned by each Shareholder. Each such distribution shall be made on the 15th day of the following month for which the distribution applies and be accompanied with the ’s current Profit and Loss Statement.
Regular Distributions of Net Income. Unless the Managing Shareholder shall determine in good faith that the reasonably needs to retain the same to meet its obligations or to maintain a sound financial condition in light of the 's reasonable financial needs, the net income of the in excess of shall be distributed by the , proportionate to the percentage of shares owned by each Shareholder. .
