Common use of Withdrawals and Distributions in General Clause in Contracts

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.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Trian Fund Management, L.P.), Limited Partnership Agreement (Trian Fund Management, L.P.)

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Withdrawals and Distributions in General. No Partner shall be entitled to (i) to receive distributions from the Partnership, except as provided in Section 5.05 Sec. 4.04 and Section 6.02 Sec. 7.02; or (ii) to withdraw any amount from a his or its Capital AccountAccount other than upon his or its withdrawal from the Partnership, except as provided in Section 5.02, Sec. 4.02 or upon the consent of, and upon such terms as may be determined by, of the Managing General Partner in its sole discretion.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Nymagic Inc), Limited Partnership Agreement (Nymagic Inc)

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 Except upon the consent of, and upon such terms as may be determined by, the Managing General Partner in its sole discretion, no Partner shall be entitled to (a) receive distributions from the Partnership, or (b) withdraw any amount from such Partner’s Capital Account.

Appears in 1 contract

Samples: Limited Partnership Agreement (FSI Low Beta Absolute Return Fund)

Withdrawals and Distributions in General. No Partner shall be entitled to (i) receive distributions from the Partnership, except as provided in Section 5.05 5.06 and Section 6.02 6.02; or (ii) withdraw any amount from a Capital Account, except as provided in Section 5.025.03, or upon the consent of, and upon such terms as may be determined by, the Managing General Partner in its sole discretion.

Appears in 1 contract

Samples: Limited Partnership Agreement (Trian Fund Management, L.P.)

Withdrawals and Distributions in General. No ------------------------------------------------------ Partner shall be entitled to (i) to receive distributions from the Partnership, except as provided herein and in Section 5.05 and Section 6.02 6.02, or (ii) to withdraw any amount from a such Partner's Capital Account, except as provided in Section 5.02, herein or upon the consent of, and upon such terms as may be determined by, the Managing General Partner in its sole his reason- able discretion.

Appears in 1 contract

Samples: Limited Partnership Agreement (Southern Union Co)

Withdrawals and Distributions in General. No Partner shall be entitled to to: (i) receive distributions from the Partnership, except as provided in Section 5.05 Sections 7.5 and Section 6.02 8.2; or (ii) withdraw any amount from a Capital AccountAccount of a Partner, except as provided in Section 5.02, 7.2 or upon the consent of, and upon such terms as may be determined by, the Managing General Partner in its sole discretion.

Appears in 1 contract

Samples: static1.squarespace.com

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.

Appears in 1 contract

Samples: Limited Partnership Agreement (Trian Fund Management, L.P.)

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Withdrawals and Distributions in General. No Except with the consent of all the General Partners in their sole discretion, no Partner shall be entitled to (i) receive distributions from the Partnership, except as provided in Section 5.05 and Section 6.02 Partnership or (ii) withdraw any amount from a such Partner's Capital Account, except other than as provided in Section 5.02, or upon the consent of, this Article IV and upon such terms as may be determined by, the Managing General Partner in its sole discretionArticle VI.

Appears in 1 contract

Samples: Limited Partnership Agreement (Horton D R Inc /De/)

Withdrawals and Distributions in General. No Partner shall be entitled to (i) receive distributions from the Partnership, except as provided in Section 5.05 5.06 and Section 6.02 or (ii) withdraw any amount from a Capital Account, except as provided in Section 5.025.03, or upon the consent of, and upon such terms as may be determined by, the Managing General Partner in its sole discretion.

Appears in 1 contract

Samples: Limited Partnership Agreement (Trian Fund Management, L.P.)

Withdrawals and Distributions in General. No Partner shall be entitled to (i) to receive distributions from the Partnership, except as provided in Section 5.05 Sec. 4.04 and Section 6.02 Sec. 7.02; or (ii) to withdraw any amount from a his or its Capital Account, except as provided in Section 5.02Account other than upon his or its withdrawal from the Partnership, or upon the consent of, and upon such terms as may be determined by, the Managing General Partner in its sole discretion.

Appears in 1 contract

Samples: Limited Partnership Agreement (Nymagic Inc)

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