Common use of Special Provision Relating to FCI Common Units Clause in Contracts

Special Provision Relating to FCI Common Units. Without the prior written consent of FCI and notwithstanding any other provision of this Agreement, neither the General Partner nor the Partnership shall declare a distribution on a Common Unit for any Quarter in an amount in excess of the Ceiling Quarterly Distribution if the Cumulative FCI Common Unit Arrearage is or will be, based on that Quarter's distribution, greater than zero.

Appears in 3 contracts

Samples: Agreement (Ferrellgas Partners Finance Corp), Ferrellgas L P, Ferrellgas Partners Finance Corp

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Special Provision Relating to FCI Common Units. Without the prior written consent of FCI and notwithstanding any other provision of this Agreement, neither the General Partner nor the Partnership shall declare a distribution on a Common Unit for any Quarter in an amount in excess of the Ceiling Quarterly Distribution if the Cumulative FCI Common Unit Arrearage is or will be, based on that Quarter's ’s distribution, greater than zero.

Appears in 2 contracts

Samples: Ferrellgas Partners Finance Corp, Ferrellgas Finance Corp

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