Common use of Distributions Allocations Clause in Contracts

Distributions Allocations. ‌ 14.1 General.‌ 14.1.1 Subject to Section 14.1.2, the General Partner may cause the Fund to make distributions of cash, securities and other property to the Partners at any time and from time to time in the manner described in this Agreement. Except as otherwise provided herein, Distributable Proceeds comprised of Temporary Investment Income shall generally be distributed on an [annual] basis and Distributable Proceeds other than Temporary Investment Income shall be distributed as soon as practicable after receipt by the Fund but in all events within [forty-five (45)] days of receipt by the Fund. 14.1.2 Notwithstanding anything to the contrary provided herein, neither the Fund nor the General Partner on behalf of the Fund shall be required to make a distribution to any Partner on account of its interest in the Fund to the extent such distribution would violate any applicable law.‌