Capital Commitment Special Distribution Election. (a) From time to time during the term of this Agreement, the General Partner may in its sole discretion, upon receipt of a written request from a Partner, distribute to such Partner any portion of its pro rata share of a Capital Commitment Investment (as measured by such Partner’s Capital Commitment Profit Sharing Percentage in such Capital Commitment Investment) (a “Capital Commitment Special Distribution”). Such Partner’s Capital Commitment Capital Account shall be adjusted upon distribution of such Capital Commitment Special Distribution. (b) No Capital Commitment Special Distributions shall occur unless any Investor Notes relating thereto shall have been paid in full prior to or simultaneously with such Capital Commitment Special Distribution.
Appears in 61 contracts
Samples: Limited Partnership Agreement (Blackstone Inc.), Agreement of Limited Partnership (Blackstone Inc.), Limited Partnership Agreement (Blackstone Inc.)
Capital Commitment Special Distribution Election. (a) From time to time during the term of this Agreement, the General Partner Managing Member may in its sole discretion, upon receipt of a written request from a PartnerMember, distribute to such Partner Member any portion of its pro rata share of a Capital Commitment Investment (as measured by such PartnerMember’s Capital Commitment Profit Sharing Percentage in such Capital Commitment Investment) (a “Capital Commitment Special Distribution”). Such PartnerMember’s Capital Commitment Capital Account shall be adjusted upon distribution of such Capital Commitment Special Distribution.
(b) No Capital Commitment Special Distributions shall occur unless any Investor Notes relating thereto shall have been paid in full prior to or simultaneously with such Capital Commitment Special Distribution.
Appears in 26 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement (Blackstone Group L.P.)
Capital Commitment Special Distribution Election. (a) From time to time during the term of this Agreement, the General Partner Managing Member may in its sole discretion, upon receipt of a written request from a PartnerMember, distribute to such Partner Member any portion of its pro rata share of a Capital Commitment Investment (as measured by such PartnerMember’s Capital Commitment Profit Sharing Percentage in such Capital Commitment Investment) (a “Capital Commitment Special Distribution”). Such PartnerMember’s Capital Commitment Capital Account shall be adjusted upon distribution of such Capital Commitment Special Distribution.
(b) No Capital Commitment Special Distributions Distribution shall occur unless any Investor Notes relating thereto shall have been paid in full prior to or simultaneously with such Capital Commitment Special Distribution.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Blackstone Group L.P.), Limited Liability Company Agreement (Blackstone Group L.P.), Limited Liability Company Agreement (Blackstone Group L.P.)
Capital Commitment Special Distribution Election. (a) From time to time during the term of this Agreement, the General Partner Delaware GP may in its sole discretion, upon receipt of a written request from a Partner, distribute to such Partner any portion of its pro rata share of a Capital Commitment Investment (as measured by such Partner’s Capital Commitment Profit Sharing Percentage in such Capital Commitment Investment) (a “Capital Commitment Special Distribution”). Such Partner’s Capital Commitment Capital Account shall be adjusted upon distribution of such Capital Commitment Special Distribution.
(b) No Capital Commitment Special Distributions shall occur unless any Investor Notes relating thereto shall have been paid in full prior to or simultaneously with such Capital Commitment Special Distribution.
Appears in 1 contract
Samples: Exempted Limited Partnership Agreement (Blackstone Group L.P.)
Capital Commitment Special Distribution Election. (a) From time to time during the term of this Agreement, the General Partner may in its sole discretion, upon receipt of a written request from a Partner, distribute to such Partner any portion of its pro rata share of a Capital Commitment Investment (as measured by such Partner’s Capital Commitment Profit Sharing Percentage in such Capital Commitment Investment) (a “Capital Commitment Special Distribution”). Such Partner’s Capital Commitment Capital Account shall be adjusted upon distribution of such Capital Commitment Special Distribution.
(ba) No Capital Commitment Special Distributions shall occur unless any Investor Notes relating thereto shall have been paid in full prior to or simultaneously with such Capital Commitment Special Distribution.
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