Common use of Distributions to Record Holders Clause in Contracts

Distributions to Record Holders. (a) Within 45 days following the end of each Quarter commencing with the Quarter ending December 31, 2019, an amount equal to 100% of Available Cash with respect to such Quarter shall be distributed in accordance with this Article VI by the Company to all Record Holders of Class A Shares, Pro Rata, as of the Record Date selected by the General Partner. Distributions and redemption payments, if any, by the Company shall be subject to the Delaware Act, notwithstanding any other provision of this Agreement.

Appears in 1 contract

Samples: Agreement (Hess Midstream LP)

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Distributions to Record Holders. (ae) Within 45 55 days following the end of each Quarter commencing with the Quarter ending December 31on [●], 20192015, an amount equal to 100% of Available Cash with respect to such Quarter shall be distributed in accordance with this Article VI by the Company Partnership to all Record Holders of Class A Shares, Pro Ratathe Common Shareholders, as of the Record Date selected by the General Partner, Pro Rata. Distributions and redemption payments, if any, by the Company shall be subject to the Delaware Act, notwithstanding Notwithstanding any other provision of this Agreement, all distributions required to be made under this Agreement shall be made subject to Sections 17-607 and 17-804 of the Delaware Act.

Appears in 1 contract

Samples: Agreement and Plan of Merger

Distributions to Record Holders. (a) Within 45 55 days following the end of each Quarter commencing with the Quarter ending December 31on [●], 20192015, an amount equal to 100% of Available Cash with respect to such Quarter shall be distributed in accordance with this Article VI by the Company Partnership to all Record Holders of Class A Shares, Pro Ratathe Common Shareholders, as of the Record Date selected by the General Partner, Pro Rata. Distributions and redemption payments, if any, by the Company shall be subject to the Delaware Act, notwithstanding Notwithstanding any other provision of this Agreement, all distributions required to be made under this Agreement shall be made subject to Sections 17-607 and 17-804 of the Delaware Act.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Williams Companies Inc)

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Distributions to Record Holders. (a) Within 45 days following the end of each Quarter commencing with the Quarter ending December 31, 2019[●], an amount equal to 100% of Available Cash with respect to such Quarter shall be distributed in accordance with this Article VI by the Company to all Record Holders of Class A Shares, Pro Rata, as of the Record Date selected by the General Partner. Distributions and redemption payments, if any, by the Company shall be subject to the Delaware Act, notwithstanding any other provision of this Agreement.

Appears in 1 contract

Samples: Transaction Agreement (Hess Midstream Partners LP)

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