ASSIGNMENT OF INTEREST HOLDERS RIGHTS TO DISTRIBUTIONS AND ALLOCATIONS Sample Clauses

ASSIGNMENT OF INTEREST HOLDERS RIGHTS TO DISTRIBUTIONS AND ALLOCATIONS. An Interest Holder may assign the Interest Holder's rights to receive Distributions and/or to be allocated Partnership Income and Loss Items, while still retaining record ownership of his SDIs. Such assignment shall not be subject to the conditions and restrictions of Section 13.03 above (including the necessity of obtaining the Managing General Partner's approval of such assignment), except that the assignment shall not be permitted if the Managing General Partner determines that such transfer would or could (A) violate the restriction on transfers set forth in Section 13.05 below, (B) endanger the federal partnership tax status of the Partnership, or (C) violate state or federal securities laws applicable to the proposed assignment. The assignor Interest Holder shall deliver written notice of the proposed assignment to the Depositary, which notice shall identify the assignee and shall state the address to which future Cash Distributions should be sent. An assignment of an Interest Holder's economic rights pursuant to this Section 13.04 shall not entitle the assignee to exercise or enjoy any non-economic rights or powers of an Interest Holder. The assignor shall continue to be an Interest Holder and shall be entitled to exercise and enjoy all rights and powers of an Interest Holder other than the right to receive Distributions and allocations.
Sample 1Sample 2
AutoNDA by SimpleDocs

Related to ASSIGNMENT OF INTEREST HOLDERS RIGHTS TO DISTRIBUTIONS AND ALLOCATIONS

  • Distributions and Allocations All distributions of cash or other property (except upon the Company's dissolution, which shall be governed by the applicable provisions of the Act and Article IX hereof) and all allocations of income, profits, and loss shall be made 100% to the Member in accordance with its Membership Interest. All amounts withheld pursuant to the Code or any provisions of state or local tax law with respect to any payment or distribution to the Member from the Company shall be treated as amounts distributed to the Member pursuant to this Section 7.3. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable law.

  • Trust Accounts Distributions Statements to Noteholders SECTION 5.1.

  • Allocations Distributions Each item of income, gain, loss, deduction and credit of the Company shall be allocated 100% to the Member. Each distribution of cash or other property by the Company shall be made 100% to the Member. Distributions shall be made to the Member at the times and in the amounts determined by the Member.

  • Liquidating Distributions Notwithstanding anything to the contrary in this Article VII or in Section 8.3 of the Master Agreement, upon the sale of the Property or the dissolution and liquidation of the Series in accordance with the provisions of this Agreement and of Section 8.3 of the Master Agreement, the proceeds of liquidation of the Series or the sale of the Property will be distributed within ninety (90) days of the date of sale of the Property or the dissolution and liquidation in the following order and priority:

  • Collections and Allocations (a) The Borrower or the Servicer on behalf of the Borrower shall promptly (but in no event later than two (2) Business Days after the receipt thereof) identify any Collections received by it as being on account of Interest Collections or Principal Collections and deposit all such Interest Collections or Principal Collections received directly by it into the Collection Account. The Servicer on behalf of the Borrower shall make such deposits or payments on the date indicated by wire transfer, in immediately available funds.

  • Distributions to Members To the extent available after meeting the financial obligations of the Company, and after providing any necessary reserves as determined by the Manager, the Company shall distribute cash and other assets to the Member in a manner determined by the Manager, at such times and on such terms and conditions as deemed appropriate by the Manager.

  • Waiver of Distributions from Trust Account In connection with the Securities purchased pursuant to this Agreement, the Purchaser hereby waives any and all right, title, interest or claim of any kind in or to any distributions from the Trust Account.

  • Certain Distributions If the Company elects to:

  • Requirement and Characterization of Distributions; Distributions to Record Holders (a) Within 45 days following the end of each Quarter commencing with the Quarter ending on September 30, 2005, an amount equal to 100% of Available Cash with respect to such Quarter shall, subject to Section 17-607 of the Delaware Act, be distributed in accordance with this Article VI by the Partnership to the Partners as of the Record Date selected by the General Partner. All amounts of Available Cash distributed by the Partnership on any date from any source shall be deemed to be Operating Surplus until the sum of all amounts of Available Cash theretofore distributed by the Partnership to the Partners pursuant to Section 6.4 equals the Operating Surplus from the Closing Date through the close of the immediately preceding Quarter. Any remaining amounts of Available Cash distributed by the Partnership on such date shall, except as otherwise provided in Section 6.5, be deemed to be “Capital Surplus.” All distributions required to be made under this Agreement shall be made subject to Section 17-607 of the Delaware Act.

Time is Money Join Law Insider Premium to draft better contracts faster.