Common use of Distribution of Available Cash and Property Clause in Contracts

Distribution of Available Cash and Property. The General Partners may from time to time, in their sole discretion, acting together by unanimous agreement, distribute to the General Partners and the Limited Partners, pro rata in accordance with the relative positive balances of their Capital Accounts, cash or other property held by the Partnership, determined by the General Partners, in their sole discretion, acting together by unanimous agreement, to be available for distribution. Any withholding tax imposed with respect to a distribution to a Partner shall be deemed to be a distribution.

Appears in 4 contracts

Samples: American Real Estate Partners L P, Macklowe William S, Icahn Carl C Et Al

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