Common use of Amounts Reserved Related to Capital Commitment Partner Interests Clause in Contracts

Amounts Reserved Related to Capital Commitment Partner Interests. If there are any Securities or other property or other investments or securities related to the Partners’ Capital Commitment Partner Interests which, in the judgment of the Liquidator, cannot be sold, or properly distributed in kind in the case of dissolution, without sacrificing a significant portion of the value thereof, the value of a Partner’s interest in each such Security or other investment or security may be excluded from the amount distributed to the Partners participating in the related Capital Commitment Investment pursuant to clause (ii) of Section 9.2(b). Any interest of a Partner, including his pro rata interest in any gains, losses or distributions, in Securities or other property or other investments or securities so excluded shall not be paid or distributed until such time as the Liquidator shall determine.

Appears in 4 contracts

Samples: Agreement of Limited Partnership (Blackstone Group Inc), Agreement of Limited Partnership (Blackstone Group Inc), Agreement of Limited Partnership (Blackstone Group Inc)

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Amounts Reserved Related to Capital Commitment Partner Interests. If there are any Securities or other property or other investments or securities related to the Partners’ Capital Commitment Partner Interests which, in the judgment of the Liquidator, cannot be sold, or properly distributed in kind in the case of dissolution, without sacrificing a significant portion of the value thereof, the value of a Partner’s interest in each such Security or other investment or security may be excluded from the amount distributed to the Partners participating in the related Capital Commitment Investment pursuant to clause (ii) of Section 9.2(b). Any interest of a Partner, including his or her pro rata interest in any gains, losses or distributions, in Securities or other property or other investments or securities so excluded shall not be paid or distributed until such time as the Liquidator shall determine.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Blackstone Group L.P.)

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