Distributions of Cash Flow. Cash flow for each taxable year of the Company shall be distributed to the Member at such times and in such amounts as the Member shall determine.
Distributions of Cash Flow. The Company may make Distributions to the Member from time to time as determined by the Managers.
Distributions of Cash Flow. Except as provided in Section 7.3, Cash Flow shall be distributed to the Members in accordance with the Members’ Membership Interests at such time as the Managers, in their sole discretion, may deem appropriate.
Distributions of Cash Flow. Cash Flow for each taxable year of the Company shall be distributed to the Economic Interest Holders in proportion to their Percentages no later than ninety (90) days after the end of the taxable year.
Distributions of Cash Flow. From time to time, the Managing Member shall determine to what extent (if any) there exists sufficient Cash Flow, after taking into account such working capital, capital expenditures and debt service reserves as it deems necessary, to permit a distribution of Cash Flow to the Members. Any such distribution shall be made to the Members proportionately in accordance with their Membership Interests and shall be subject to Section 18-607 of the Act and other applicable law.
Distributions of Cash Flow. (a) The General Partner shall cause the Partnership to distribute on a quarterly basis such portion of the Cash Flow of the Partnership as the General Partner shall determine in its sole discretion. Such distributions shall be made to the Partners who are Partners on the Partnership Record Date established by the General Partner in accordance with their respective Common Percentage Interests.
(b) In no event may a Partner receive a distribution of Cash Flow with respect to a Partnership Unit if such Partner is entitled to receive a dividend out of the Company's share of such Cash Flow with respect to a REIT Share for which all or part of such Partnership Unit has been exchanged.
Distributions of Cash Flow. The General Partner shall cause the Partnership to distribute on a quarterly basis such portion of the Cash Flow of the Partnership as the General Partner shall determine in its sole discretion. Except as provided in Section 10.4, such distributions shall be made to the Partners who are Partners on the applicable Partnership Record Date as follows: first, to the holders of the Preferred Partnership Units, an amount equal to the unpaid portion of the Preferred Return due to the holders of the Preferred Partnership Units on the applicable Partnership Record Date, as determined pursuant to the applicable exhibit hereto setting forth the terms of such Preferred Partnership Units; second, to all Partners who are Partners on the applicable Partnership Record Date and who beneficially own Class B Common Partnership Units, the Class B Common Partnership Unit Return, including any accrued accumulated but previously unpaid Class B Common Partnership Return, if any; and third, to all Partners who are Partners on the applicable Partnership Record Date and who beneficially own Common Partnership Units (other than Class B Common Partnership Units), in accordance with their respective Common Percentage Interests; provided, however, if for any Common Partnership Unit Distribution Period, a Newly Issued Common Partnership Unit is outstanding on the Partnership Record Date for such period, there shall not be distributed in respect of such Newly Issued Common Partnership Unit the amount (the “Full Distribution Amount”) that would otherwise be distributed in respect of such Partnership Unit in accordance with its respective Common Percentage Interest, but rather, the General Partner shall cause to be distributed with respect to each such Newly Issued Common Partnership Unit an amount equal to the Full Distribution Amount multiplied by a fraction, the numerator of which equals the number of days such Newly Issued Common Partnership Unit has been outstanding during the Common Partnership Unit Distribution Period and the denominator of which equals the total number of days in such Common Partnership Unit Distribution Period. Any Cash Flow not distributed to the holders of Partnership Units by operation of this provision shall be retained by the Partnership and applied toward future distributions or payment of Partnership expenses.
Distributions of Cash Flow from Operations and Cash from Sales or Refinancing. Prior to the dissolution of the Company, Cash Flow from Operations and Cash from Sales or Refinancing, if any, remaining after repayment of any loans made by the Members to the Company, shall be distributed quarterly by the Managers as Cash Distributions according to the relative percentage Membership Interests of the Members and Economic Interest Owners; provided, however, that to the extent possible, any Guarantee Fee shall be deducted from the Cash Distributions otherwise distributable to the Nonguarantor Members and paid to the Guarantor Members as set forth in Section 5.17. Notwithstanding anything herein to the contrary, no distributions shall be made to Members if prohibited by the Act.
Distributions of Cash Flow. Cash Flow shall be distributed to the Member at such time or times as the Member shall determine in its sole discretion.
Distributions of Cash Flow. At such times as the Managing Member elects to cause the Company to make distributions from Cash Flow, such distributions shall be made in the following order of priority:
(i) First, to the Managing Member until it has received an amount equal to the Managing Member Preferred Capital Return plus the Managing Member Preferred Capital, which distributions shall be applied first to the Managing Member Preferred Capital Returns of all Managing Member Preferred Capital and then to the Managing Member Preferred Capital, in each case in the order in which such Managing Member Preferred Capital was made;
(ii) Second, to the Initial Preferred Member until it has received an amount equal to the Initial Preferred Member Priority Return; provided, that the Managing Member shall cause the Company to make distributions from Cash Flow to the Initial Preferred Member (A) monthly, in an amount corresponding to not less than (but need not be more than) an 8% per annum return on the Initial Preferred Member’s Unreturned Capital Contributions and (B) calendar quarterly, in an amount corresponding to the Initial Preferred Member Preferred Return, but taking into consideration the aggregate amount of the prior distributions made during such calendar quarter pursuant to clause (A); provided further, that if distributions are not made to the Initial Preferred Member to the full extent provided in clauses (A) and (B) (regardless of the sufficiency of Cash Flow) for two consecutive months (whether the month is pursuant to clause (A) or (B)), then beginning on the first day of the next successive month, the Initial Preferred Member shall be entitled to a Distribution Rate Step-Up until such time as the monthly distributions under clauses (A) and (B) are again made to the Initial Preferred Member in an aggregate amount corresponding to not less than the amounts provided in clauses (A) and (B);
(iii) Third, to the Managing Member until it has received an amount equal to the Managing Member Priority Return;
(iv) Fourth, either (x) pari passu in accordance with Unreturned Capital Contributions, between the Initial Preferred Member and the Managing Member, except that the Managing Member shall receive 30% of the distributions otherwise payable to the Initial Preferred Member under this clause (iv) as a promoted interest or (y) if the Unreturned Capital Contributions of a Member have been reduced to zero, 76 2/3% to Lex-Win and 23 1/3% to the Initial Preferred Member.
