Adjustment of Target Distribution Levels. (a) The Target Distributions, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Interests. In the event of a distribution of cash or cash equivalents that is deemed to be from Capital Surplus, the then applicable Target Distributions shall be reduced in the same proportion that the distribution had to the fair market value of the Common Units immediately prior to the announcement of the distribution. If the Common Units are publicly traded on a National Securities Exchange, the fair market value will be the Current Market Price before the ex-dividend date. If the Common Units are not publicly traded, the fair market value will be determined by the Board of Directors.
Adjustment of Target Distribution Levels. (a) The Target Distributions shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Interests. In the event of a distribution of cash or cash equivalents that is deemed to be from Capital Surplus, the then-applicable Target Distributions shall be reduced in the same proportion that the distribution had to the fair market value of the Common Units immediately prior to the announcement of the distribution. If the Common Units are publicly traded on a National Securities Exchange, the fair market value will be the Current Market Price before the ex-dividend date. If the Common Units are not publicly traded, the fair market value will be determined by the Board of Directors.
Adjustment of Target Distribution Levels. (a) The Target Distributions, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Membership Interests in accordance with Section 5.8. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Target Distributions shall be reduced in the same proportion that the distribution had to the fair market value of the Common Units prior to the announcement of the distribution.
Adjustment of Target Distribution Levels. 55 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 56 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 56 Section 6.9 Entity-Level Taxation 57 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 57 Section 7.2 Replacement of Fiduciary Duties 60 Section 7.3 Certificate of Limited Partnership 60 Section 7.4 Restrictions on the General Partner’s Authority 60 Section 7.5 Reimbursement of the General Partner 61 Section 7.6 Outside Activities 61 Section 7.7 Indemnification 62 Section 7.8 Liability of Indemnitees 64 Section 7.9 Standards of Conduct and Modification of Duties 65 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 67 Section 7.11 Purchase or Sale of Partnership Interests 67 Section 7.12 Registration Rights of the Gneral partner and its Affiliates 68 Section 7.13 Reliance by Third Parties 70 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS Section 8.1 Records and Accounting 70 Section 8.2 Fiscal Year 71 Section 8.3 Reports 71 ARTICLE IX TAX MATTERS
Adjustment of Target Distribution Levels. (a) The Target Distributions, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Interests. In the event of a distribution of cash or cash equivalents that is DOMINION MIDSTREAM PARTNERS, LP FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP deemed to be from Capital Surplus, the then applicable Target Distributions shall be reduced in the same proportion that the distribution had to the fair market value of the Common Units immediately prior to the announcement of the distribution. If the Common Units are publicly traded on a National Securities Exchange, the fair market value will be the Current Market Price before the ex-dividend date. If the Common Units are not publicly traded, the fair market value will be determined by the Board of Directors.
Adjustment of Target Distribution Levels. (a) The Target Distributions, Class B Earn Test Amount, Class B Payment Test Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Interests. In the event of a distribution of cash or cash equivalents that is deemed to be from Capital Surplus, the then applicable Target Distributions, Class B Earn Test Amount and Class B Payment Test Distribution shall be reduced in the same proportion that the distribution had to the fair market value of the Common Units immediately prior to the announcement of the distribution. If the Common Units are publicly traded on a National Securities Exchange, the fair market value will be the Current Market Price before the ex-dividend date. If the Common Units are not publicly traded, the fair market value will be determined by the Board of Directors.
Adjustment of Target Distribution Levels. Section 6.7 Special Provisions Relating to the Holders of Subordinated Units
Adjustment of Target Distribution Levels. (a) The Target Distributions, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Interests. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Target Distributions shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Target Distribution by a fraction, the numerator of which is the Unrecovered Initial Unit Price of the Common Units immediately after giving effect to such distribution, and the denominator of which is the Unrecovered Initial Unit Price of the Common Units immediately prior to giving effect to such distribution. If the Common Units are publicly traded on a National Securities Exchange, the fair market value will be the Current Market Price before the ex-dividend date. If the Common Units are not publicly traded, the fair market value will be determined by the Board of Directors.
Adjustment of Target Distribution Levels. (a) The Target Distributions, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Interests. In the event of a distribution of cash or cash equivalents that is deemed to ENVIVA PARTNERS, LP FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP be from Capital Surplus, the then applicable Target Distributions shall be reduced in the same proportion that the distribution had to the Current Market Price of the Common Units immediately prior to the declaration of the distribution.
Adjustment of Target Distribution Levels. 57 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 57 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 58 Section 6.9 Entity-Level Taxation 58 ARTICLE VII
