Common use of Distributions and Allocations Clause in Contracts

Distributions and Allocations. A. For the fiscal quarter in which Partnership Units are issued to an Investor, such Investor shall be entitled to a distribution equal to its pro rata share of the distributions made on all Limited Partnership Interests held by Common Limited Partners multiplied by a fraction, the numerator of which shall be the number of days in such fiscal quarter in which the Investor has held the Partnership Units, and the denominator of which shall be the total number of days in such fiscal quarter.

Appears in 7 contracts

Samples: Kilroy Realty Corp, Kilroy Realty, L.P., Kilroy Realty, L.P.

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Distributions and Allocations. A. (a) For the fiscal quarter in which Partnership Units are issued to an Investor, such Investor shall be entitled to a distribution equal to its pro rata share of the distributions made on all Limited Partnership Interests held by Common Limited Partners multiplied by a fraction, the numerator of which shall be the number of days in such fiscal quarter in which the Investor has held the Partnership Units, and the denominator of which shall be the total number of days in such fiscal quarter.

Appears in 1 contract

Samples: Kilroy Realty Corp

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