Timing and Amount of Distributions. Except as otherwise provided in this Agreement, the Managing Member shall, in its sole discretion, determine the timing and amount of all Distributions.
Timing and Amount of Distributions. The Manager shall cause the Company to make distributions of Available Cash to the Members at such time or times as is determined by the Manager in its sole discretion. Nothing contained in this Agreement shall in any manner be construed to imply that any Member has any claim or right whatsoever to require that distributions of Available Cash or distributions on winding up of the Company be made at any particular time or in any particular amount. The Members further agree that in determining whether to make a distribution of such Available Cash or other distribution to the Members at any time, or in determining the amount of any Available Cash or other distribution, neither the Manager nor any Member shall have any fiduciary, or trustee or other obligation or duty to any Member other than a contractual obligation or duty pursuant to the terms of Section 7.1.
Timing and Amount of Distributions. The Plan Administrator shall make distributions of the Trust Proceeds Available for Distribution (as defined below) on each Quarterly Distribution Date (as defined below) and on such additional dates that the Plan Administrator, in consultation with the Post-Consummation Trust Committee, determines are appropriate from time to time; provided, that the Plan Administrator shall be entitled, with the consent of the Post-Consummation Trust Committee, to defer any such distribution to the next Quarterly Distribution Date if the Plan Administrator determines that the amount of Trust Proceeds Available for Distribution at such time is insufficient to justify the cost of effecting the distribution. “Quarterly Distribution Date” means the last Business Day of the month following the end of each calendar quarter after the Effective Date; provided, however, that if the Effective Date is less than 30 days prior to the end of a calendar quarter, the first Quarterly Distribution Date will be the last Business Day of the first month following the calendar quarter in which the Effective Date occurs. The Plan Administrator shall establish a record date for any distributions of not less than 10 days nor more than 60 days prior to the proposed date of such distribution (the “Record Date”).
Timing and Amount of Distributions. The Liquidation Trust Administrator shall make distributions of the Trust Proceeds Available for Distribution (as defined below) on each Quarterly Distribution Date (as defined below) and on such additional dates that the Liquidation Trust Administrator, in consultation with the Liquidation Trust Committee, determines are appropriate from time to time; provided, that the Liquidation Trust Administrator shall be entitled, with the consent of the Liquidation Trust Committee, to defer any such distribution to the next Quarterly Distribution Date if the Liquidation Trust Administrator determines that the amount of Trust Proceeds Available for Distribution at such time is insufficient to justify the cost of effecting the distribution. “Quarterly Distribution Date” means the last Business Day of the month following the end of each calendar quarter after the Effective Date or as soon as reasonably practicable thereafter; provided, however, that if the Effective Date is less than 30 days prior to the end of a calendar quarter, the first Quarterly Distribution Date will be the last Business Day of the first month following the calendar quarter in which the Effective Date occurs. The Liquidation Trust Administrator shall establish a record date for any distributions of not less than 10 days nor more than 60 days prior to the proposed date of such distribution (the “Record Date”).
Timing and Amount of Distributions. The Company shall from time to time distribute to the Members such amounts as the Managers determine are available for distribution. Distributions will only be made after the Company has set aside a reserve which should be retained for the Company’s reasonable needs or for contemplated future business activities.
Timing and Amount of Distributions. Except as otherwise provided in Article 9 hereof, all Cash Available for Distribution, Refinancing Proceeds, ------- Sales Proceeds and net proceeds from any Terminating Capital Transaction shall be distributed to the Members at such times and in such amounts Approved by the Members.
Timing and Amount of Distributions. Distributions of Available Trust Cash shall be made no less frequently than once per twelve-month period, such period to be measured from the Effective Date (each a “Distribution Date”); provided, however, that the Trustee may defer a distribution to the next Distribution Date if the Trustee determines, in the reasonable exercise of the Trustee’s discretion, that the amount available for distribution at such time is insufficient to justify the cost of effecting the distribution; provided further, however, that the Trustee may, in the reasonable exercise of the Trustee's discretion, cause the Trust to retain an amount of Available Trust Cash reasonably necessary to maintain the value of the Assets or to meet Trust liabilities, including any reserve for Disputed Claims.
Timing and Amount of Distributions. Distributions of Distributable Cash and Distributable Securities shall generally be made within 30 days following receipt of the distributions from the Funds which generated such distributions; however, the General Partner, in its reasonable discretion, may determine to delay the timing of such distributions in order to enable the Partnership to manage its current and anticipated expenses.
Timing and Amount of Distributions. The timing and amount of distributions to Partners from the Partnership, other than in connection with the liquidation of the Partnership, shall be determined by the General Partner in its sole and complete discretion.
Timing and Amount of Distributions. The timing and amount of all distributions shall be determined by the Management Committee. The Management Committee shall have the right to establish from time to time such reserves as it determines are appropriate for the smooth and proper operation of the Company, including, without limitation, reserves to pay the Development Fee and Administrative Fee as they come due.
