Common use of Time of Allocations and Distributions Clause in Contracts

Time of Allocations and Distributions. Distributions of Distributable Cash and the determination of Profit and Loss allocations shall be made as soon as practicable after the end of each Fiscal Year of the Company. The Board may, in its sole discretion, make distributions of Distributable Cash at intervals during a Fiscal Year, and prior to the final determination of Profit and Loss allocations and Distributions to be made for that Fiscal Year. However, any Distributions prior to the end of a Fiscal Year shall be deemed only an advance against the Distributions to be made at the end of that Fiscal Year and shall be subject to a final determination of the actual amount to be distributed for that Fiscal Year.

Time of Allocations and Distributions. Distributions of Distributable Cash and the determination of Profit and Loss allocations shall be made as soon as practicable after the end of each Fiscal Year fiscal year of the Company. The Board Manager may, in its sole discretion, make distributions of Distributable Cash at intervals during a Fiscal Yearfiscal year, and prior to the final determination of Profit and Loss allocations and Distributions distributions to be made for that Fiscal Yearfiscal year. However, any Distributions distributions prior to the end of a Fiscal Year fiscal year shall be deemed only an advance against the Distributions to be made at the end of that Fiscal Year fiscal year and shall be subject to a final determination of the actual amount to be distributed for that Fiscal Yearfiscal year.