Common use of Distributions Prior to Dissolution Clause in Contracts

Distributions Prior to Dissolution. (a) From time to time Packaging may make such distributions on behalf of the LLC as it in its sole discretion may determine are appropriate, without being limited to current or accumulated income or gains. Such distributions may be made from LLC revenues, borrowings or Capital Contributions. Packaging may in its sole discretion distribute to Members LLC property other than cash. (b) All distributions shall be made to the Members in the following priority and proportions: (i) first, to Packaging to the extent of the Undistributed Preferred Return; (ii) next, to Packaging to the extent of the Unreturned Preference Amount; and (iii) the balance, if any, 20% to Packaging and 80% to Sub GP.

Distributions Prior to Dissolution. (a) From time to time Packaging may make such distributions on behalf of the LLC as it in its sole discretion may determine are appropriate, without being limited to current or accumulated income or gains. Such distributions may be made from LLC revenues, borrowings or Capital Contributions. Packaging may in its sole discretion distribute to Members LLC property other than cash. (b) All distributions shall be made to the Members in the following priority and proportions: (i) first, to Packaging to the extent of the Undistributed Preferred Return; (ii) next, to Packaging to the extent of the Unreturned Preference Amount; and (iii) the balance, if any, 20% to Packaging and 80% to Sub GPGrowth.