Withdrawals and Distributions in General. No Partner shall be entitled to (i) receive distributions from the Partnership, except as provided in Section 5.05 and Section 6.02 or (ii) withdraw any amount from a Capital Account, except as provided in Section 5.02, or upon the consent of, and upon such terms as may be determined by, the Managing General Partner in its sole discretion.
Withdrawals and Distributions in General. No Member shall be entitled to withdraw any amount from any Capital Account other than as provided in this Agreement.
Withdrawals and Distributions in General. No Non-Managing Member shall be entitled (i) to receive distributions from the Company, or (ii) to withdraw any amount from such Non-Managing Member’s Capital Account, except as provided in this Article 4, or with the consent of and upon such terms as may be specified by, the Managing Member in its sole and absolute discretion.
Withdrawals and Distributions in General. Section 4.02 Distribution............................. Section 4.03 Withdrawals..............................
Withdrawals and Distributions in General. No Partner shall be entitled to (a) receive distributions from the Onshore Partnership except as provided in Section 5.05 and Section 6.03; or
Withdrawals and Distributions in General. (a) No Partner shall be entitled to (i) receive distributions from the Partnership, except as provided in Sections 6.05 and 8.04, or (ii) withdraw any amount from a Capital Account, except as provided in Section 6.02 or upon the consent of, and upon such terms as may be determined by, the General Partner, in its sole discretion; provided, however, that prior to a withdrawal other than a withdrawal described in Section 6.02, the General Partner shall consult with counsel to the Partnership to ensure that such withdrawal will not cause the Partnership to be treated as a "publicly traded partnership" taxable as a corporation for U.S. federal tax purposes.
Withdrawals and Distributions in General. No Part- ------------------------------------------------------ ner shall be entitled (i) to receive distributions from the Part- nership, except as provided herein and in Section 6.02, or (ii) to withdraw any amount from such Partner's Capital Account, except as provided herein or upon the consent of, and upon such terms as may be determined by, the General Partner in his reason- able discretion.
Withdrawals and Distributions in General. A Partner shall cease to be a Partner (i) as of the effective date of the full withdrawal of such Partner’s Capital Account(s), (ii) as of the effective date of the Transfer of all of such Partner’s Interests in accordance with Section 5.3, or (iii) in the event of the winding up of the Partnership, as of the final distribution of the Assets of the Partnership. As of the effective date of a withdrawal, solely with respect to the withdrawal proceeds, a withdrawing Partner shall be considered a creditor of the Partnership and shall have no rights or obligations with respect to the Partnership except that such Partner shall (i) have the right to receive, as a creditor, withdrawal proceeds and, (ii) continue to be bound by the Sections of this Agreement governing the payment of withdrawal proceeds, and (iii) continue to be subject to the ELP Law.
Withdrawals and Distributions in General. (a) No Member shall have the right to withdraw or demand distributions of any amount in its Capital Account, except as expressly provided in this Article IV and in Article VII.
Withdrawals and Distributions in General. No Partner shall be entitled to receive distributions from the Partnership, except as provided in Section 4.3 and Section 7.2.
