Common use of Over-Distributions Clause in Contracts

Over-Distributions. If the Partnership distributes to a Partner more than the amount to which the Partner in entitled (e.g., by reason of an accounting error), the Partner shall, upon written notice of the over-distribution delivered to the Partner within one year of the over-distribution, promptly return the over-distribution to the Partnership. For the avoidance of doubt, this Section 4.7.2 applies to any distribution made under this Agreement.

Appears in 4 contracts

Samples: Limited Partnership Agreement (StepStone Group Inc.), Transaction Agreement (StepStone Group Inc.), Limited Partnership Agreement (StepStone Group Inc.)

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Over-Distributions. If the Partnership distributes amount of any distribution to a Partner more than under the Agreement exceeds the amount to which the Partner in entitled (e.g., by reason of an accounting error), the Partner shall, upon written notice of the over-distribution delivered to the Partner within one year of the over-distribution, promptly return the over-distribution to the Partnership. For the avoidance of doubt, this Section 4.7.2 applies to any distribution made under this Agreement.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Excelerate Energy, Inc.), Limited Partnership Agreement (Excelerate Energy, Inc.)

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