Common use of ORDINARY COURSE DISTRIBUTIONS Clause in Contracts

ORDINARY COURSE DISTRIBUTIONS. (a) The Board of Managers shall cause the Company to distribute to the Common Members, out of funds legally available for distribution, pro rata in accordance with their Common Units and not later than 90 days following the end of each Fiscal Year, an aggregate amount determined by a Majority in Interest of the Common Members, not to exceed $200 million, for each such Fiscal Year. (b) Any amount distributed to a Common Member pursuant to this Section 5.05 will be deemed to be an advance distribution of amounts otherwise distributable to such Common Member (i) first, pursuant to Section 5.02(d); and (ii) second, pursuant to Section 5.02(e).

ORDINARY COURSE DISTRIBUTIONS. (a) The Board of Managers shall cause the Company to distribute to the Common Members, out of funds legally available for distribution, pro pro-rata in accordance with their Common Units and not later than 90 days following the end of each Fiscal Year, an aggregate amount determined by a Majority in Interest of the Common Members, not to exceed $200 million, for each such Fiscal Year. (b) Any amount distributed to a Common Member pursuant to this Section 5.05 will be deemed to be an advance distribution of amounts otherwise distributable to such Common Member (i) first, pursuant to Section 5.02(d); and (ii) second, pursuant to Section 5.02(e).

ORDINARY COURSE DISTRIBUTIONS. (a) The Board of Managers shall cause the Company to distribute to the Common Members, out of funds legally available for distribution, pro pro-rata in accordance with their Common Units and not later than 90 days following the end of each Fiscal Year, an aggregate amount determined by a Majority in Interest of the Common Members, not to exceed $200 400 million, for each such Fiscal Year. (b) Any amount distributed to a Common Member pursuant to this Section 5.05 5.06 will be deemed to be an advance distribution of amounts otherwise distributable to such Common Member (i) first, pursuant to Section 5.02(d5.02(f) or Section 5.03(c); and (ii) second, pursuant to Section 5.02(e)as applicable.

ORDINARY COURSE DISTRIBUTIONS. (a) The Board of Managers shall cause the Company to distribute to the Common Members, out of funds legally available for distribution, pro rata in accordance with their Common Units and not later than 90 days following the end of each Fiscal Year, an aggregate amount determined by a Majority in Interest of the Common Members, not to exceed $200 400 million, for each such Fiscal Year. (b) Any amount distributed to a Common Member pursuant to this Section 5.05 5.06 will be deemed to be an advance distribution of amounts otherwise distributable to such Common Member (i) first, pursuant to Section 5.02(d5.02(f) or Section 5.03(c), as applicable; and (ii) second, pursuant to Section 5.02(e5.02(g) or Section 5.03(d), as applicable.