Common use of Adjustment of Minimum Quarterly Distribution and Target Distribution Levels Clause in Contracts

Adjustment of Minimum Quarterly Distribution and Target Distribution Levels. The Minimum Quarterly Distribution and Target Distributions shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Interests in accordance with Section 5.10.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (Hess Midstream Partners LP), Partnership Restructuring Agreement (Hess Midstream Partners LP)

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Adjustment of Minimum Quarterly Distribution and Target Distribution Levels. (a) (i) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distributions Distribution shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Interests Securities in accordance with Section 5.104.12.

Appears in 1 contract

Samples: Limited Partnership Agreement (Terra Nitrogen Co L P /De)

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