DISTRIBUTIONS      27 Sample Clauses

DISTRIBUTIONS      27. 5.1 In General 27 5.2 Distributions Prior to Dissolution 27 5.3 Distributions on or After Dissolution 28 5.4 Adjustment to Incentive Distributions Payable to General Partner 28 5.5 Incentive Distributions Paid in the Form of Redemption Exchange Units 28 5.6 Prohibition on Distributions 29 ARTICLE 6 REDEMPTION-EXCHANGE RIGHTS 29 6.1 Redemption-Exchange Rights 29 6.2 Redemption and Exchange Procedures 29 6.3 Redemption-Exchange Date 30 6.4 Withdrawal of Exercise 31 6.5 Effect of Exercise of the Redemption-Exchange Right 31 6.6 FIRPTA 31 ARTICLE 7 REDEMPTION AMOUNT AND EXCHANGE RATIO 32 7.1 Redemption Amount 32 7.2 Exchange Ratio and Adjustments 32 ARTICLE 8 ADJUSTMENTS 32 8.1 Unit Reorganization 32 8.2 Unit Reclassification 32 8.3 Adjustments Cumulative 33 ARTICLE 9 MANAGEMENT AND OPERATION OF PARTNERSHIP 33 9.1 Management 33 9.2 Restrictions on General Partner’s Authority 34 9.3 Reimbursement of Partnership Expenses 34 9.4 Outside Activities 35 9.5 Disclosure of Interests 36 9.6 Indemnification 36 9.7 Resolution of Conflicts of Interest 38 9.8 Other Matters Concerning the General Partner 39 9.9 Title to Partnership Assets 39 9.10 Purchase or Sale of Units 40 9.11 Reliance by Third Parties 40 9.12 Services 40 ARTICLE 10 RIGHTS AND OBLIGATIONS OF LIMITED PARTNERS 41 10.1 Limitation of Liability 41 10.2 Management of Partnership Affairs 41 10.3 Outside Activities 41
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DISTRIBUTIONS      27. Section 7.01 General. 27 Section 7.02 Priority of Distributions 27 Section 7.03 Limitations on Class C Common Units 28 Section 7.04 Tax Advances 28 Section 7.05 Tax Withholding; Withholding Advances 29 Section 7.06 Distributions in Kind 30 ARTICLE VIII MANAGEMENT 31 Section 8.01 Establishment of the Board 31 Section 8.09 Officers 31 Section 8.10 No Personal Liability 31 ARTICLE IX PRE-EMPTIVE RIGHTS 31 Section 9.01 Pre-emptive Right. 31 ARTICLE X TRANSFER 34 Section 10.01 General Restrictions on Transfer 34 Section 10.02 Permitted Transfers 34 Section 10.03 Drag-along Rights 34 Section 10.04 Incentive Units Purchase Right. 35 ARTICLE XI COVENANTS 37 Section 11.01 Confidentiality 37 Section 11.02 Other Business Activities 38 Section 11.03 Non-compete; Non-solicit 39 ARTICLE XII ACCOUNTING; TAX MATTERS 40 Section 12.02 Tax Matters Member 40 Section 12.03 Tax Returns 41 Section 12.04 Company Funds 41
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DISTRIBUTIONS      27. Section 6.1 Distributions. 27 Section 6.2 Tax-Related Distributions. 28 Section 6.3 Distribution Upon Resignation. 28
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Related to DISTRIBUTIONS      27

  • Distributions, Etc Upon the dissolution, winding up, liquidation or reorganization of the Tenant, whether in bankruptcy, insolvency or receivership proceedings or upon an assignment for the benefit of creditors or any other marshalling of the assets and liabilities of the Tenant, if any sum shall be paid or any property shall be distributed upon or with respect to any of the Pledged Collateral, such sum shall be paid over to the Secured Parties, to be held as collateral security for the Secured Obligations. If any dividend shall be declared on any of the Pledged Collateral (excluding cash dividends), or any share of beneficial interest or fraction thereof shall be issued pursuant to any split of beneficial interests involving any of the Pledged Collateral, or any distribution of capital shall be made on any of the Pledged Collateral, or any property shall be distributed upon or with respect to the Pledged Collateral pursuant to recapitalization or reclassification of the capital of the Tenant, the shares or other property so distributed shall be delivered to the Secured Parties to be held as collateral security for the Secured Obligations.

  • Distributions Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.

  • Interim Distributions At such times as may be determined by it in its sole discretion, the Trustee shall distribute, or cause to be distributed, to the Beneficiaries, in proportion to the number of Trust Units held by each Beneficiary relating to the Trust, such cash or other property comprising a portion of the Trust Assets as the Trustee may in its sole discretion determine may be distributed without detriment to the conservation and protection of the Trust Assets in the Trust.

  • Distribution of Cash (a) The Partnership shall distribute cash on a quarterly (or, at the election of the General Partner, more frequent) basis, in an amount determined by the General Partner in its sole and absolute discretion, to the Partners who are Partners on the Partnership Record Date with respect to such quarter (or other distribution period) in accordance with Section 5.2(b).

  • Distributions Other Than Cash Whenever the Depositary shall receive any distribution other than cash on the deposited Preferred Stock, the Depositary shall, subject to Section 3.02, distribute to record holders of Receipts on the record date fixed pursuant to Section 4.04 such amounts of the securities or other property received by it as are, as nearly as practicable, in proportion to the respective numbers of Depositary Shares evidenced by the Receipts held by such holders, in any manner that the Depositary and the Company may deem equitable and practicable for accomplishing such distribution. If in the opinion of the Depositary after consultation with the Company, such distribution cannot be made proportionately among such record holders, or if for any other reason (including any requirement that the Company or the Depositary withhold an amount on account of taxes) the Depositary deems, after consultation with the Company, such distribution not to be feasible, the Depositary may, with the approval of the Company, adopt such method as it deems equitable and practicable for the purpose of effecting such distribution, including the sale (at public or private sale) of the securities or other property thus received, or any part thereof, at such place or places and upon such terms as the Depositary may deem proper. The net proceeds of any such sale shall, subject to Section 3.02, be distributed or made available for distribution, as the case may be, by the Depositary to record holders of Receipts as provided by Section 4.01 in the case of a distribution received in cash. The Depositary shall not be obligated hereunder to make any distribution of such securities to the holders of Receipts unless the Company shall have provided to the Depositary, upon request of the Depositary, an opinion of counsel stating that such securities have been registered under the Securities Act or do not need to be registered thereunder in order to be freely transferable.

  • No Distributions Make any Distribution except Permitted Distributions.

  • Liquidating Distributions Notwithstanding anything to the contrary in this Article VII or in Section 8.3 of the Master Agreement, upon the sale of the Property or the dissolution and liquidation of the Series in accordance with the provisions of this Agreement and of Section 8.3 of the Master Agreement, the proceeds of liquidation of the Series or the sale of the Property will be distributed within ninety (90) days of the date of sale of the Property or the dissolution and liquidation in the following order and priority:

  • Distributions of Cash Flow Cash flow for each taxable year of the Company shall be distributed to the Member at such times and in such amounts as the Member shall determine.

  • Distributions to Members Section 9.1

  • Distributions; Upstream Payments Declare or make any Distributions, except Upstream Payments and Permitted Distributions; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.15.

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