Common use of Distributions of Net Extraordinary Cash Flow from Additional Properties Clause in Contracts

Distributions of Net Extraordinary Cash Flow from Additional Properties. Within 10 days of a Major Capital Event as to an Additional Property, Net Extraordinary Cash Flow from Additional Properties shall be distributed in the following rank and order: (A) First, to and among the Members in an amount equal to each Member’s Unreturned Capital from Additional Capital Commitments with respect to all Additional Properties; provided, however, if there is insufficient Net Extraordinary Cash Flow from Additional Properties available for distribution to pay all Members’ Unreturned Capital from Additional Capital Commitments, then the amount of such distribution shall be made to and among the Members in accordance with the ratio that the amount of each Member’s Unreturned Capital from Additional Capital Commitments bears to the aggregate Unreturned Capital from Additional Capital Commitments of all of the Members; and (B) Second, if the IRR of the Members (as determined in Section 7.4(d)) with respect to the Additional Properties is less than 8%: to and among the Members according to their Percentage Interests; and (C) Third, if the IRR of the Members with respect to the Additional Properties is at least 8% but not more than 10%: 5% of the amount of Net Extraordinary Cash Flow from an Additional Properties to Inland as an Incentive Distribution (as defined in Section 7.4(d)) and the balance to and among the Members according to their Percentage Interests; and = 1 (D) Fourth, if the IRR of the Members is greater than 10% with respect to the Additional Properties: 25% of the amount of Net Extraordinary Cash Flow from an Additional Properties to Inland as an Incentive Distribution and the balance to and among the Members according to their Percentage Interests.