Common use of Distributions Prior to Liquidation Clause in Contracts

Distributions Prior to Liquidation. Except as otherwise provided in this Agreement and subject to the limitations provided herein, and subject to all Mandatory Tax Distributions having been made, Distributions may be made to the Members at such times and in such amounts as the Board may determine. Distributions shall be made to the Members as follows: (a) first, to the holders of the Class A Units until they have received from the Company and Community Connect an amount equal to the Combined Capital Contributions (excluding Mandatory Tax Distributions); (b) second, to the Members on a per Unit basis in proportion to each Member’s Percentage Interest.

Distributions Prior to Liquidation. Except as otherwise provided in this Agreement and subject to the limitations provided herein, and subject to all Mandatory Tax Distributions having been made, Distributions may be made to the Members at such times and in such amounts as the Board may determine. Distributions shall be made to the Members as follows: (a) first, to the holders of the Class A Units until they have received from the Company and Community Connect Interactive One an amount equal to the Combined Capital Contributions (excluding Mandatory Tax Distributions); (b) second, to the Members on a per Unit basis in proportion to each Member’s Percentage Interest.