Common use of Distributions of Net Cash Clause in Contracts

Distributions of Net Cash. All Distributions of Net Cash shall be made to the Members as follows: 7.2.1 First, to the Electing Contributing Members, until the aggregate Distributions of Net Cash pursuant to this Section 7.2.1 for such Fiscal Year and all prior Fiscal Years are equal to (and have been distributed in proportion to, and to the extent of), the aggregate accrued ACC Priority Return payable to the Electing Contributing Members pursuant to the terms and conditions of this Agreement;

Appears in 2 contracts

Sources: Operating Agreement (Excel Legacy Corp), Operating Agreement (Excel Legacy Corp)