Non-Pro Rata Distribution Sample Clauses
A Non-Pro Rata Distribution clause defines how distributions of funds or assets will be made in a manner that does not correspond to each party’s proportional ownership or interest. Instead of distributing proceeds equally or according to ownership percentages, this clause allows for certain parties to receive more or less than their pro rata share based on predetermined criteria or agreements. For example, it may be used to prioritize repayment to specific investors or to allocate funds differently in the event of a liquidation. The core function of this clause is to provide flexibility in distributions, addressing unique investment structures or priorities that require deviation from standard proportional allocation.
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Non-Pro Rata Distribution. Notwithstanding anything in this Agreement to the contrary, the General Partner is expressly authorized, in its sole discretion, to declare and cause the Partnership to make a non-pro rata distribution, with no other Limited Partners receiving any portion of such distribution, to Vornado Realty Trust or Vornado DC Spinco of 100% of the Partnership’s ownership interests in Vornado DC Spinco GP LLC; provided that Vornado Realty Trust or Vornado DC Spinco, as applicable, is a Partner of the Partnership at the time of such distribution.
Non-Pro Rata Distribution. Notwithstanding anything in this Agreement to the contrary, the General Partner is expressly authorized, in its sole discretion, to declare and cause the Partnership to make a non-pro rata distribution, with no other Limited Partners receiving any portion of such distribution, to Vornado Realty Trust or JBG ▇▇▇▇▇ Properties of 100% of the Partnership’s ownership interests in JBG ▇▇▇▇▇ Properties GP LLC; provided that Vornado Realty Trust or JBG ▇▇▇▇▇ Properties, as applicable, is a Partner of the Partnership at the time of such distribution.