Distributions; Distribution Reinvestment Plan. As described more fully in the Memorandum, the Company generally intends to distribute on a monthly basis, out of assets legally available for distribution, substantially all of its available earnings in such amount so the Company will not have to pay corporate-level income tax, subject to the discretion of the Board and applicable legal restrictions. The Company has adopted an “opt out” distribution reinvestment plan (as it may be amended, the “Distribution Reinvestment Plan”), pursuant to which Unitholders will have their cash distributions automatically reinvested in additional units of same class of units to which the distribution relates unless they specifically “opt out” of the Distribution Reinvestment Plan and elect to receive distributions in cash. A Unitholder may elect to “opt out” of the Distribution Reinvestment Plan or change their election by notifying the plan administrator and the Company’s transfer agent and registrar in writing so that such notice is received by the plan administrator no later than 10 calendar days prior to the record date for distributions to unitholders.
Distributions; Distribution Reinvestment Plan. As described more fully in the Registration Statement, the Company generally intends to distribute on a quarterly basis, out of assets legally available for distribution, substantially all of its available earnings in such amount so the Company will not have to pay corporate-level income tax, subject to the discretion of the Board and applicable legal restrictions. The Company has adopted an “opt-out” distribution reinvestment plan (as it may be amended, the “Distribution Reinvestment Plan”), pursuant to which Unitholders will have their cash distributions automatically reinvested in additional Common Units unless they specifically “opt out” of the Distribution Reinvestment Plan and elect to receive their distributions in cash. The Subscriber may “opt out” of the Distribution Reinvestment Plan in the Subscriber Questionnaire attached hereto. A Unitholder may also elect to “opt out” of the Distribution Reinvestment Plan or change their election by notifying the plan administrator and our transfer agent and registrar in writing so that such notice is received by the plan administrator no later than ten calendar days prior to the record date for distributions to unitholders. The Subscriber acknowledges and agrees that any distributions received by the Subscriber or reinvested by the Company on the Subscriber’s behalf pursuant to the Distribution Reinvestment Plan shall have no effect on the amount of the Subscriber’s Undrawn Commitment. Subscription Agreement (All Subscribers)
Distributions; Distribution Reinvestment Plan. As described more fully in the Memorandum, the Company generally intends to distribute on a monthly basis, out of assets legally available for distribution, substantially all of its available earnings in such amount so the Company will not have to pay corporate-level income tax, subject to the discretion of the board of directors of the Company (the “Board”) and applicable legal restrictions. The Company has adopted an “opt in” distribution reinvestment plan (as it may be amended, the “Distribution Reinvestment Plan”), pursuant to which Unitholders will have their cash distributions automatically reinvested in additional Units if they specifically “opt in” to the Distribution Reinvestment Plan. A Unitholder may elect to “opt in” to the Distribution Reinvestment Plan or change their election by notifying the plan administrator and the Company’s transfer agent and registrar in writing so that such notice is received by the plan administrator no later than 10 calendar days prior to the record date for distributions to unitholders.
