Pre-Tender Offer Settlement Date Distributions By Fund Sample Clauses

Pre-Tender Offer Settlement Date Distributions By Fund. Prior to ------------------------------------------------------ the Tender Offer Settlement Date, Fund will distribute (the "Distributions") to (i) the Texas Transition Trust such portion of the Prepaid Amount as is determined by the general partner of Fund and (ii) its then partners cash equal to all of the remaining Prepaid Amount not used by (or reserved for) Fund to pay its Transaction-Related Expenses or other normal expenses and any other cash Fund then has as a result of cash distributions from Flags II and earnings on those distributions. The Tender Offer will be for Units after the Distributions and neither SFOT Acquisition I nor SFOT Acquisition II will, by virtue of the purchase of Units in the Tender Offer, acquire any interest in the Distributions or the Texas Transition Trust, provided that, the Per Unit Liabilities Amount at -------- ---- the Tender Offer Settlement Date will be increased by "x" multiplied by "y" divided by "z," where "x" is the Prepaid Amount, "y" is .9995 and "z" is the Number of Limited Partner Units (thereby effectively giving SFOT Acquisition I and SFOT Acquisition II, as applicable, credit, against the amount they are otherwise paying in the Tender Offer, for that portion of the Prepaid Amount that they would have received had the Prepaid Amount been paid after the Tender Offer Settlement Date).