Common use of Distributions from Operations Clause in Contracts

Distributions from Operations. Cash Flow for any period shall be distributed to the Members, at times determined by the Managing Members, as follows: (a) First, to the Preferred Members, until the Preferred Members have received distributions pursuant to this Section 7.01(a) and Section 7.04, in an amount equal to any accrued but unpaid Preferred Distribution; (b) Second, to the Common Members, until the amounts distributed to the Common Members pursuant to this Section 7.01(b) and Section 7.04, and the amounts distributed to the Preferred Members pursuant to Sections 7.01(a) and 7.04 are in proportion to their Proportionate Shares; and (c) Thereafter, to the Members, in proportion to their Proportionate Shares.