Distribution Deferral Sample Clauses
Distribution Deferral. At the election of Electing Contributors, the amendment to the CBL/OP Partnership Agreement which the parties adopt at Closing to effectuate the terms of this Contribution Agreement shall include provisions similar to those set forth in Paragraphs 10 and 11 of the First Amendment to the Partnership Agreement (limiting dividends for 2 years to meet the safe-harbor requirements of Section 1.707-4 of the Treasury Regulations). Any amount by which a dividend during such 2 year period is limited (reduced) shall be deferred and paid to Electing Contributors within two (2) months of the end of such two year period.
Distribution Deferral. At the election of the Contributors Representatives, the Partnership shall limit distributions to the Protected Parties for 2 years to meet the safe-harbor requirements of Section 1.707-4 of the Treasury Regulations. Any amount by which a distribution during such 2 year period is limited (reduced) shall be deferred and paid to the Protected Parties within thirty days after the end of such two year period.
Distribution Deferral