Operating Distributions definition
Examples of Operating Distributions in a sentence
All Operating Distributions and Capital Event Distributions shall be distributed as set in this Article VII.
Carried Interest Class B Interest 5% of Distributable Cash attributable to Operating Distributions and 2.5% of Distributable Cash associated with Liquidation Distributions (as set forth in Section 4 of this Agreement).
For and in consideration of the assumption of the rights, duties and obligations by Agent hereunder, Winthrop hereby assigns to Agent all of its right, title and interest in and to the Asset Management Fees, the Accrued Asset Management Fees, the Reimbursements, the Operating Distributions and the Refinancing Distributions.
Operating Distributions, if any, shall be made to the Members on a quarterly basis, and Capital Event Distributions, if any, shall be made to the Members promptly after actual receipt of the proceeds of the corresponding Capital Event.
Operating Distributions, if any, shall be made to the Members on a quarterly basis, and Capital Event Distributions, if any, shall be made to the Members promptly after actual receipt of the proceeds of the corresponding Capital Event, provided, in no event shall any distributions be made hereunder to any Member until after April 30, 2008.
The amounts and terms of any Special Distribution and Operating Distributions is the Board’s sole discretion and shall be dependent upon the Company’s financial condition, its profitability, results of operations, capital requirements, and such other factors as the Board deems to be relevant.
If rights to preferential distributions from the Project Partnership are to be assigned at Closing as contemplated by Section 4(e) of Schedule A hereto, the Contributors shall deliver to PREIT at least five business days prior to Closing a statement setting forth the sum of the Unpaid Preference Amount and the Unpaid Cumulative Special Operating Distributions as of the Closing.
Operating Distributions to TOWL under Section 8A(v)(a) of the Agreement of Joint Venture of the Joint Venture will be 11% per annum (in lieu of 10% per annum) of the amounts stated in such Section to the extent applicable to the Project only (and will remain at 10% per annum with respect to the Birch Run and Williamsburg Projects).
The Woodlands Operating Company, L.P. Woodlands Operating Distributions.