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 ..................................................18 SECTION 3.4. Tax Distributions .................................................................................20 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. ........................................................................25 SECTION 4.3. Indemnification ....................................................................................26 SECTION 4.4. General Partner as Unitholder ..............................................................27 SECTION 4.5.
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Subscriptions Distributions 
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Related to Subscriptions Distributions

  • Liquidating Distributions Notwithstanding anything to the contrary in this Article VII or in Section 8.3 of the Master Agreement, upon the sale of the Property or the dissolution and liquidation of the Series in accordance with the provisions of this Agreement and of Section 8.3 of the Master Agreement, the proceeds of liquidation of the Series or the sale of the Property will be distributed within ninety (90) days of the date of sale of the Property or the dissolution and liquidation in the following order and priority: (i) First, to creditors of the Series, including the Members who are creditors, to the extent otherwise permitted by law, in satisfaction (whether by payment or the making of reasonable provision for payment thereof) of all debts, liabilities, obligations and expenses of the Series, including, without limitation, the expenses incurred in connection with the liquidation of the Series; and (ii) Second, to the Members pro rata in proportion to their holdings of Shares, with such Distributions to be made by the end of the Fiscal Year during which the liquidation occurs (or, if later, ninety (90) days after the date of the liquidation).