Common use of Discretionary Special Distributions Clause in Contracts

Discretionary Special Distributions. Subject to the provisions of Subsection 6.5(b)(xi), the General Partner may from time to time cause the Partnership to make other distributions to the Partners, provided that any such distribution is made pro rata in accordance with each Partner’s Percentage Interest.

Appears in 3 contracts

Samples: Partnership Agreement (Penske Automotive Group, Inc.), Limited Partnership Agreement (Penske Automotive Group, Inc.), Limited Partnership Agreement (Penske Automotive Group, Inc.)

AutoNDA by SimpleDocs

Discretionary Special Distributions. Subject to the provisions of Subsection 6.5(b)(xi6.5(c)(ix), the General Partner may from time to time cause the Partnership to make other distributions to the Partners, provided that any such distribution is made pro rata in accordance with each Partner’s Percentage Interest.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Penske Automotive Group, Inc.)

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