Limited Liability Partnership. The Managing Partner shall determine the timing and amounts of distributions and such determination shall be binding on all Partners. The net income of the Partnership shall be proportionally allocated to and any net losses of the Partnership shall be borne proportionally by the Partners as such percentages are set forth in Schedule A hereto. No Partner is entitled to priority preference in any distribution from the Partnership. No Partner shall be entitled to make withdrawals from his individual account or have returned to him his capital contributions except in accordance herewith. All distributions shall be made in cash.
Appears in 43 contracts
Samples: ___________________ Partnership Agreement, Partnership Agreement, Partnership Agreement
