Common use of Amounts Distributed Clause in Contracts

Amounts Distributed. Except as otherwise provided in Article XII, Cash Available for Distribution shall be distributed on the last Business Day of each Fiscal Quarter, or if such day is not a Business Day on the next succeeding Business Day (each such date, a "Distribution Date") to the Members in proportion to their Percentage Interests. The Manager shall cause any remaining Cash Available for Distribution to be invested in Permitted Assets.

Appears in 2 contracts

Sources: LLC Operating Agreement, Operating Agreement

Amounts Distributed. Except as otherwise provided in Article XIIXIII, Cash Available for Distribution shall be distributed on the last Business Day of each Fiscal Quarter, or if such day is not a Business Day on the next succeeding Business Day (each such date, a "Distribution Date") to the Members in proportion to their Percentage Interests. The Manager shall cause any remaining Cash Available for Distribution to be invested in Permitted Assets.

Appears in 1 contract

Sources: Operating Agreement