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.
Appears in 4 contracts
Samples: Amended and Restated Agreement of Exempted Limited Partnership (Blackstone Inc.), Limited Partnership Agreement (Blackstone Inc.), Amended and Restated Agreement of Exempted Limited Partnership (Blackstone Group 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.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Blackstone Group Inc)
