Common use of Current Distributions to Partners Clause in Contracts

Current Distributions to Partners. Except as provided in Section 6.05 in connection with the termination and liquidation of the Partnership, the General Partner shall distribute funds at such times and in such amounts as it may determine, in its sole discretion, except that such funds shall be distributed by the General Partner to the Partners in accordance with their respective Percentage Interests at the time of the distribution. In determining the amount of funds to distribute pursuant to this Section 4.08, the General Partner may consider such factors as the need to allocate funds to any reserves for Partnership contingencies or any other Partnership purposes that the General Partner deems necessary or appropriate. The General Partner, in its sole discretion, may distribute undivided interests in Partnership Assets in- kind, provided, that such distribution shall be pro rata in accordance with the Partners' relative Percentage Interests.

Current Distributions to Partners. Except as provided in Section 6.05 in connection with the termination and liquidation of the Partnership, the General Partner shall distribute funds at such times and in such amounts as it may determine, in its sole discretion, except provided, that such funds shall be distributed by the General Partner to the Partners pro rata in accordance with their respective Percentage Interests at the time of the distribution. In determining the amount of funds to distribute pursuant to this Section 4.08Section, the General Partner may consider such factors as the need to allocate funds to any reserves for Partnership contingencies contingencies, Partnership indebtedness or any other Partnership purposes that the General Partner deems necessary or appropriate. The General Partner, in its sole discretion, may distribute undivided interests in Partnership Assets in- in-kind, provided, that such distribution shall be pro rata in accordance with the Partners' relative Percentage Interests.