Common use of Allocation of Distributions Clause in Contracts

Allocation of Distributions. The Partnership may make distributions from time to time in the discretion of the General Partner and in accordance with the Provisions of the Act. Any such distributions shall be allocated ninety-nine percent (99%) to the Limited Partners and one percent (1%) to the General Partner. Nothing contained in this Section 6.1 shall prohibit any distributions to a withdrawing Limited Partner pursuant to Section 7.5 hereof.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Synagro Technologies Inc), Limited Partnership Agreement (Synagro Technologies Inc), Limited Partnership Agreement (Synagro Technologies Inc)

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Allocation of Distributions. The Partnership may make distributions Distributions from time to time in the discretion of the General Partner and in accordance with the Provisions of the Act. Any such distributions Distributions shall be allocated ninety-nine percent (99%) to the Limited Partners and one percent (1%I%) to the General Partner. Nothing contained in this Section Subsection 6.1 shall prohibit any distributions Distributions to a withdrawing Limited Partner pursuant to Section 7.5 hereof.

Appears in 1 contract

Samples: Limited Partnership Agreement (Synagro Technologies Inc)

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Allocation of Distributions. The Partnership may make distributions from time to time in the discretion of the General Partner and in accordance with the Provisions of the Act. Any such distributions shall be allocated ninety-nine percent (99%) to the Limited Partners and one percent (1%) to the General Partner. Nothing contained in this Section 6.1 shall prohibit any distributions to a withdrawing Limited Partner pursuant to Section 7.5 7.3 hereof.

Appears in 1 contract

Samples: Limited Partnership Agreement (Synagro Technologies Inc)

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