Examples of Distributable Cash in a sentence
Nonrecourse Deductions for any Fiscal Year or other period shall be specially allocated to the Partners in proportion to the percentages in which the Partnership’s Distributable Cash would be distributed to the Partners for such Fiscal Year or other taxable period pursuant to Section 5.1(b).
Each distribution of Distributable Cash to be distributed by the General Partner initially shall be tentatively apportioned among each Partner in accordance with the number of Units held by such Partner as a percentage of all Units held by the Partners.
For purposes of determining the Partners’ proportionate shares of the “excess nonrecourse liabilities” of the Partnership within the meaning of Section 1.752-3(a)(3) of the Treasury Regulations, their respective interests in Partnership profits shall be in proportion to the percentages in which the Partnership’s Distributable Cash would be distributed to the Partners for such Fiscal Year or other taxable period pursuant to Section 5.1(b).
The General Partner shall, in its discretion, be entitled to retain such reserves as it considers prudent for the Partnership’s business from any Distributable Cash.