D istributions Sample Clauses

D istributions. The General Partner shall determine from time to time whether to make any distributions to the Partners prior to the liquidation of the Partnership. All distributions (other than distributions in respect o f a withdrawal pursuant to Article 8 and distributions intended to assist Partners in meeting their tax obligations associated with their investment in the Partnership) will be made to Partners in proportion to each Partner’s Capital Account balance. Distributions designated by the General Partner as intending to assist Partners in meeting their tax obligations associated with their investment in the Partnership shall be made to Partners in proportion to their allocated shares of the Partnership’s net taxable income and gains. No Partner shall be able to demand or receive property other than cash, except in the General Partner’s discretion. The General Partner is authorized to withhold from any distribution, or with respect to allocations, and to pay over to any applicable federal, state or local government, any amounts required to be withheld pursuant to applicable law and shall allocate such amounts to those Partners with respect to which such amounts were withheld. 7.1 M anagem ent Fee. (a) The Partnership shall pay the General Partner a management fee (the “ Management Fee”), which shall be calculated and payable annually in advance within 5 business days after the first day of each calendar year. The Management Fee shall be equal to 1% per annum of the Partnership’s Net Asset Value as o f the first business day of each calendar year (excluding any portion of the Fund’s Net Asset Value that is attributable to General Partner or to any Limited Partner that is a member, officer, employee or Affiliate of the General Partner). No portion o f the Management Fee shall be charged to or assessed against the General Partner or any Limited Partner that is a member, officer, employee or Affiliate o f the General Partner. The portion o f the Management Fee allocable to each applicable Limited Partner (such Limited Partner’s “ Allocable M anagement Fee”) shall be equal to the total Management Fee times a fraction the numerator o f which is such Limited Partner’s Capital Account balance as o f the first business day o f the Fiscal Period (including any Capital Contributions effective as o f such date) and the denominator o f which is the sum of the Capital Account balances of all applicable Limited Partners on such date (including any Capital Contributions effecti...
Sample 1
AutoNDA by SimpleDocs
D istributions. The Fund Policy Board has the discretion to decide how and when to spend earnings from the Fund as certified by the Board of Investors. The Board of Investors will provide liquidity in the Fund to meet these withdrawals. Investment managers should assume that withdrawals might be made from the Fund from time to time to meet distribution needs. The Board will endeavor to provide ample notice of any material withdrawals. Investment managers will be given adequate notice of cash needs and an estimation of the liquidity requirements from their funds. They will be expected to manage their funds to provide for anticipated withdrawals without impairing the investment process.
Sample 1

Related to D istributions

  • Distributions, Etc Upon the dissolution, winding up, liquidation or reorganization of the Tenant, whether in bankruptcy, insolvency or receivership proceedings or upon an assignment for the benefit of creditors or any other marshalling of the assets and liabilities of the Tenant, if any sum shall be paid or any property shall be distributed upon or with respect to any of the Pledged Collateral, such sum shall be paid over to the Secured Parties, to be held as collateral security for the Secured Obligations. If any dividend shall be declared on any of the Pledged Collateral (excluding cash dividends), or any share of beneficial interest or fraction thereof shall be issued pursuant to any split of beneficial interests involving any of the Pledged Collateral, or any distribution of capital shall be made on any of the Pledged Collateral, or any property shall be distributed upon or with respect to the Pledged Collateral pursuant to recapitalization or reclassification of the capital of the Tenant, the shares or other property so distributed shall be delivered to the Secured Parties to be held as collateral security for the Secured Obligations.

  • Interim Distributions At such times as may be determined by it in its sole discretion, the Trustee shall distribute, or cause to be distributed, to the Beneficiaries, in proportion to the number of Trust Units held by each Beneficiary relating to the Trust, such cash or other property comprising a portion of the Trust Assets as the Trustee may in its sole discretion determine may be distributed without detriment to the conservation and protection of the Trust Assets in the Trust.

  • Distributions to Members Section 9.1

  • Operating Distributions Subject to Section 5.2, the Company shall from time to time distribute to the Member such amounts in cash and other assets as shall be determined by the Member.

  • Distributions; Upstream Payments Declare or make any Distributions, except Upstream Payments and Permitted Distributions; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.15.

  • Residual Distributions If the Liquidation Preference has been paid in full to all holders of Designated Preferred Stock and the corresponding amounts payable with respect of any other stock of the Issuer ranking equally with Designated Preferred Stock as to such distribution has been paid in full, the holders of other stock of the Issuer shall be entitled to receive all remaining assets of the Issuer (or proceeds thereof) according to their respective rights and preferences.

  • Distributions Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not 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 other applicable law.

  • No Distributions Make any Distribution except Permitted Distributions.

  • Capital Contributions Distributions 17 TABLE OF CONTENTS (continued)

  • Distributions Cumulative Notwithstanding the foregoing, distributions on the Series A Preferred Units will accrue whether or not the terms and provisions set forth in Section 16.2.C hereof at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!