Consent to Capital Contribution Withdrawals and Distributions. Partners shall not be allowed to withdraw any part of their capital contributions or to receive distributions, whether in property or cash, except as otherwise allowed by this agreement and, in any case, only if such withdrawal is made with the written consent of all partners. The Partners may amend this Agreement to impose a guaranteed payments provision, whereby distributions are made pursuant to rules established by the Partners with regard to capital account balances or business milestones. Such a provision is optional, is not presently included in this Agreement, and must be ratified by the unanimous consent of all partners.
Appears in 14 contracts
Samples: General Partnership Agreement, General Partnership Agreement, General Partnership Agreement
