Subscriptions Distributions Clause Samples
The "Subscriptions; Distributions" clause governs how investors subscribe to interests in a fund or entity and how profits or returns are distributed to them. It typically outlines the process for making capital contributions, the timing and method of accepting new investors, and the procedures for allocating and paying out distributions, such as profits, dividends, or return of capital. This clause ensures that both the inflow of investment and the outflow of returns are handled in an orderly and transparent manner, providing clarity and fairness to all parties involved.
Subscriptions Distributions. 17 SECTION 3.1. Subscriptions ........................................................................................17 SECTION 3.2. Distributions – General Principles .......................................................18 SECTION 3.3. Performance Participation Allocation ..................................................19 SECTION 3.4. Tax Distributions .................................................................................21 SECTION 3.5. Reinvestment........................................................................................21 ARTICLE IV The General Partner ................................................................................................21 SECTION 4.1. Powers of the General Partner .............................................................21 SECTION 4.2. Limitation on Liability. ........................................................................26 SECTION 4.3. Indemnification ....................................................................................27 SECTION 4.4. General Partner as Unitholder ..............................................................28 SECTION 4.5. Other Activities ....................................................................................28 SECTION 4.6. Valuation ..............................................................................................29 ARTICLE V
Subscriptions Distributions