Common use of Persons Receiving Distributions Clause in Contracts

Persons Receiving Distributions. Distributions will be made to the Persons shown on the Company’s books and records as Unitholders who are entitled to distributions as of the date of such distribution; provided, however, that any Transferor and Transferee of Units and/or other Equity Securities may mutually agree as to which of them should receive payment of any distribution under this Article IV. If any restrictions on Transfer or change in beneficial ownership of Units in this Agreement, any Management Equity Agreement or any other agreement between the Company and a Unitholder are breached, then the Company may withhold distributions in respect of the affected Units and/or other Equity Securities until such breach is cured.