Common use of Distributable Cash Clause in Contracts

Distributable Cash. (A) Following the end of each calendar month the amount of Distributable Cash for the immediately preceding calendar month shall be determined, and, subject to the provisions set forth herein, such Distributable Cash amount shall be distributed promptly to the Partners as provided in Section 7.4. Notwithstanding any other provision of this Agreement, the Partnership shall not be required to make any distribution if such distribution is prohibited by Section 17-607 of the Act.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Lyondell Chemical Co), Credit Agreement (Lyondell Chemical Co), Limited Partnership Agreement (Lyondell Chemical Co)

AutoNDA by SimpleDocs

Distributable Cash. (A1) Following the end of each calendar month the amount of Distributable Cash for the immediately preceding calendar month shall be determined, and, subject to the provisions set forth herein, such Distributable Cash amount shall be distributed promptly to the Partners as provided in Section 7.4. Notwithstanding any other provision of this Agreement, the Partnership shall not be required to make any distribution if such distribution is prohibited by Section 17-607 of the Act.

Appears in 1 contract

Samples: Citgo Petroleum Corp

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.