Common use of Requirement and Characterization of Distributions; Distributions to Record Holders Clause in Contracts

Requirement and Characterization of Distributions; Distributions to Record Holders. (a) Subject, in all instances, to the operation of Section 5.10(b), within 60 days following the end of each Quarter commencing with the Quarter ending on December 31, 2002, an amount equal to 100% of Available Cash with respect to such Quarter shall, subject to Section 17-607 of the Delaware Act, be distributed in accordance with this Article VI by the Partnership to the Partners, Pro Rata, as of the Record Date selected by the General Partner in its reasonable discretion. All distributions required to be made under this Agreement shall be made subject to Section 17-607 of the Delaware Act.

Appears in 3 contracts

Samples: Agreement, Preferred Unit Purchase Agreement, Preferred Unit Purchase Agreement (Natural Resource Partners Lp)

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Requirement and Characterization of Distributions; Distributions to Record Holders. (a) Subject, in all instances, to the operation of Section 5.10(b), within 60 Within 45 days following the end of each Quarter commencing with the Quarter ending on December 31September 30, 20021998, an amount equal to 100% of Available Cash (whether from Operating Surplus or Capital Surplus) with respect to such Quarter shall, subject to Section 17-607 of the Delaware ActAct and any terms applicable to a Partner under the Distribution Waiver Agreement, be distributed in accordance with this Article VI by the Partnership to the Partners, Pro Rata, Partners in accordance with their Percentage Interest as of the Record Date selected by the General Partner in its reasonable discretion. All distributions required to be made under this Agreement shall be made subject to Section 17-607 of the Delaware Act.

Appears in 2 contracts

Samples: Defined Terms (Enterprise Products Partners L P), Limited Liability Company Agreement (Enterprise GP Holdings L.P.)

Requirement and Characterization of Distributions; Distributions to Record Holders. (a) SubjectExcept as described in Section 6.3(b), in all instances, to the operation of Section 5.10(b6.3(d) or Section 6.3(e), within 60 45 days following the end of each Quarter commencing with the Quarter ending on December 31September 30, 20022007, an amount equal to 100% of Available Cash with respect to such Quarter shall, subject to Section 17-607 of the Delaware Act, be distributed to the Partners in accordance with this Article VI by the Partnership to the Partners, Pro Rata, Partners in accordance with their respective Percentage Interests as of the Record Date selected by the General Partner in its reasonable discretionPartner. All distributions required to be made under this Agreement shall be made subject to Section 17-607 of the Delaware Act.

Appears in 2 contracts

Samples: Underwriting Agreement (Encore Acquisition Co), Underwriting Agreement (Encore Energy Partners LP)

Requirement and Characterization of Distributions; Distributions to Record Holders. (a) Subject, Except as described in all instances, to the operation of Section 5.10(b6.3(b), within 60 50 days following the end of each Quarter commencing with the Quarter ending on December 31June 30, 20022006, an amount equal to 100% - 38 - Alliance Holdings GP, L.P. of Available Cash with respect to such Quarter shall, subject to Section 17-607 of the Delaware Act, be distributed in accordance with this Article VI by the Partnership to the Partners, Pro Rata, Partners in accordance with their respective Percentage Interests as of the Record Date selected by the General Partner in its reasonable discretionPartner. All distributions required to be made under this Agreement shall be made subject to Section 17-607 of the Delaware Act.

Appears in 1 contract

Samples: Alliance Holdings GP, L.P.

Requirement and Characterization of Distributions; Distributions to Record Holders. (a) Subject, Except as provided in all instances, to the operation of Section 5.10(b)6.4, within 60 75 days following the end of each Quarter commencing with the Quarter ending on December 31September 30, 20022006, subject to Section 6.4 with respect to the Quarter in which the Closing Date occurs, an amount equal to 100% of Available Cash with respect to such Quarter shall, subject to Section 17-607 of the Delaware Act, be distributed in accordance with this Article VI by the Partnership to the Partners, Pro Rata, Partners in accordance with their respective Percentage Interests as of the Record Date selected by the General Partner in its reasonable discretionPartner. All distributions required to be made under this Agreement shall be made subject to Section 17-607 of the Delaware Act.

Appears in 1 contract

Samples: Buckeye GP Holdings L.P.

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Requirement and Characterization of Distributions; Distributions to Record Holders. (a) Subject, in all instances, to the operation of Section 5.10(b), within Within 60 days following the end of each Quarter (other than the fourth Quarter of each fiscal year), and within 90 days following the end of the fourth Quarter of each fiscal year, commencing with the Quarter ending on December March 31, 20022023, an amount equal to 100% of Available Cash with respect to such Quarter shall, subject to Section 17-607 of the Delaware Act, shall be distributed in accordance with this Article VI by the Partnership to the Partners, holders of Common Units Pro Rata, Rata as of the Record Date selected by the General Partner in its reasonable discretionPartner. All distributions required to be made under this Agreement shall be made subject to Section Sections 17-607 and 17-804 of the Delaware ActAct and other applicable law, notwithstanding any other provision of this Agreement. For the avoidance of doubt, the General Partner Interest shall not be entitled to distributions made pursuant to this Section 6.3(a).

Appears in 1 contract

Samples: TXO Energy Partners, L.P.

Requirement and Characterization of Distributions; Distributions to Record Holders. (a) Subject, in all instances, to the operation of Section 5.10(b), within 60 Within 50 days following the end of each Quarter commencing with the Quarter ending on December 31February 28, 20022006, an amount equal to 100% of Available Cash with respect to such Quarter (other than cash distributed with respect to the Series A Units and Series B Units) shall, subject to Section 17-607 of the Delaware Act, be distributed in accordance with this Article VI by the Partnership to the Partners, Pro Rata, holders of Common Units in accordance with their respective Percentage Interests as of the Record Date selected by the General Partner in its reasonable discretionPartner. All distributions required to be made under this Agreement shall be made subject to Section 17-607 of the Delaware Act.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Southern Union Co)

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