Withdrawal Payment Date definition
Withdrawal Payment Date means each quarterly date following the Initial Quarterly Withdrawal Date as of which the relevant portion of the withdrawal request is effective.
Withdrawal Payment Date means the effective date of a withdrawal or distribution made to a Partner from a Capital Account, as adjusted as determined by the General Partner in accordance with Section 6.02(h).
Examples of Withdrawal Payment Date in a sentence
Each such distribution shall, as of the applicable Withdrawal Payment Date, reduce the applicable Capital Account(s) of the distributee Partner by the fair value thereof.
A request to withdraw less than the value of a Limited Partner’s entire Capital Account will be fulfilled through a withdrawal of the maximum amount permitted on each Withdrawal Payment Date for a Full Withdrawal up to the amount of such requested partial withdrawal.