Restriction on Withdrawals Sample Clauses
Restriction on Withdrawals. No Partner shall have any right to withdraw any amount or receive any Distribution from the Partnership except as expressly provided for in this Agreement and as permitted by applicable law, but all Partners agree to any withdrawal by any other Partner including any total or partial withdrawal of the contribution of a Partner to the capital of the Partnership if such is authorized by the General Partner and is permitted by applicable law. No Partner shall have the right to receive interest on its share of the Capital Account.
Restriction on Withdrawals. No Partner will be liable to the Partnership for the amount of a distribution received if, at the time of the distribution, such Partner did not know that the distribution was in violation of this Section 8.3. A Partner that receives a distribution in violation of this Section 8.3, and that knew at the time of the distribution that the distribution violated such condition, will be liable to the Partnership for the amount of the distribution.
Restriction on Withdrawals. (a) The Agent may at any time withdraw from the Receipts Accounts such amounts as are necessary to pay all amounts due and payable to the Agent in accordance with this Agreement.
(b) The Agent may delegate its powers to make withdrawals under this clause to any administrative receiver, receiver and/or manager appointed under the powers contained in the Security Documents.
(c) The Borrowers hereby gives its irrecoverable authority to the Agent to effect the withdrawals, payments and transfers referred to in this clause.
(d) No withdrawals other than those referred to in clause 21.3.2 may be made without the consent of the Agent.
Restriction on Withdrawals. No Partner shall have any right to withdraw any amount or receive any Distribution from the Partnership except as expressly provided for in this Agreement and as permitted by applicable law, but all Partners agree to any withdrawal by any other Partner including any total or partial withdrawal of the contribution of a Partner to the capital of the Partnership if such is authorized by the General Partner and is permitted by applicable law. No Partner shall have the right to receive interest on its share of the Capital Account. ARTICLES PARTICIPATION IN PROFITS AND LOSSES
8.1 Allocation to Partners Holding Units Any amount that is, pursuant to any provision of this Agreement, to be Distributed or allocated amongst the Partners shall be apportioned amongst them on the basis of their respective Pro Rata Shares, including any Net Income or Net Loss.
Restriction on Withdrawals. During the Security Period each Borrower may withdraw any sum from its Earnings Account provided that (i) no Event of Default has occurred from such withdrawal and (ii) no notice has been given to that Borrower by the Facility Agent or the Security Agent that such withdrawal is not permitted.