Common use of DISTRIBUTION OF CASH FLOW AND OTHER AMOUNTS Clause in Contracts

DISTRIBUTION OF CASH FLOW AND OTHER AMOUNTS. As determined by the General Partner employing its reasonable business judgment, to the extent Partnership Cash Flow is available for distribution at the close of any fiscal one-month period, such distribution shall be made as soon as reasonably possible following such period, in the manner provided in Section 7.03, as if such fiscal one-month period were a fiscal year. No such distribution will be made if it would create a negative Capital Account balance for a Limited Partner. The General Partner may also refuse to make a distribution at the end of any fiscal one-month period if such distribution would impair Reserves set up by the General Partner pursuant to Section 10.04.

Appears in 8 contracts

Samples: Execution Copy (Honda Titling D Lp), Limited Partnership Agreement (Ryder Truck Rental I Lp), Limited Partnership Agreement (Honda Titling D Lp)

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