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Common use of Distributions and Payments Clause in Contracts

Distributions and Payments. For each Accounting Period, on a cumulative basis, Distributable Cash shall be paid and distributed to the Members in the ratio of their respective Membership Percentages.

Appears in 4 contracts

Sources: Operating Agreement (Salem Communications Corp /De/), Operating Agreement (Salem Communications Corp /De/), Operating Agreement (Salem Communications Corp /De/)

Related Clauses

  • ▇▇▇▇▇▇▇▇ and Payments
  • Advances and Payments
  • Distributions and Repurchases
  • Deposits and Payments
  • COMPENSATION AND PAYMENTS

Parent Clauses

  • DISTRIBUTION OF PAYMENTS
  • TAXATION
  • Distributions Allocations of Profits and Losses
  • Profits Losses and Distributions
  • Borrower Covenants

Sub-Clauses

  • METHOD OF PAYMENT
  • PAYMENTS FROM TRUST ESTATE ONLY
  • DISTRIBUTION OF PAYMENTS
  • TRUST PAYMENT DATE STATEMENT
  • Distributions
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