Common use of Required Distributions of Amounts Not Retained Clause in Contracts

Required Distributions of Amounts Not Retained. Subject to 4.5.1, the Company will distribute to the Common Unitholders net proceeds attributable to the repayment or disposition of Portfolio Investments, together with any interest, dividends, other net cash flow in respect of Portfolio Investments (or potential Portfolio Investments) or Temporary Investments (collectively, “Proceeds”) in the manner and at the times set forth below. Subject to the requirements of Section 852(a) of Subchapter M of the Code, and the terms of any indebtedness or Preferred Units, distributions of Proceeds will be made to the Common Unitholders pro rata based on the number of Common Units held by each Common Unitholder.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (TCW Spirit Direct Lending LLC), Limited Liability Company Agreement (TCW Star Direct Lending LLC)

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Required Distributions of Amounts Not Retained. Subject to 4.5.14.4.1, the Company will distribute to the Common Unitholders net proceeds attributable to the repayment or disposition of Portfolio Investments, together with any interest, dividends, other net cash flow in respect of Portfolio Investments (or potential Portfolio Investments) or Temporary Investments (collectively, “Proceeds”) in the manner and at the times set forth below. Subject to the requirements of Section 852(a) of Subchapter M of the Code, and the terms of any indebtedness or Preferred Unitsindebtedness, distributions of Proceeds will be made to the Common Unitholders pro rata based on the number of Common Units (including fractional Units) held by each Common Unitholder.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Senior Credit Investments, LLC)

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Required Distributions of Amounts Not Retained. Subject to 4.5.14.4.1, the Company will distribute to the Common Unitholders net proceeds attributable to the repayment or disposition of Portfolio Investments, together with any interest, dividends, other net cash flow in respect of Portfolio Investments (or potential Portfolio Investments) or Temporary Investments (collectively, “Proceeds”) in the manner and at the times set forth below. Subject to the requirements of Section 852(a) of Subchapter M of the Code, and the terms of any indebtedness or Preferred Unitsindebtedness, distributions of Proceeds will be made to the Common Unitholders pro rata based on the number of Common Units held by each Common Unitholder.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Senior Credit Investments, LLC)

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