Common use of Distribution Policy Clause in Contracts

Distribution Policy. The General Partner may in its sole discretion make distributions of cash or securities at any time and from time to time; provided, however, that no securities will be distributed in kind to the Partners until the earlier to occur of: 3.1. 1such time as such securities may be sold by or for the account of any Partner pursuant to Rule 144 promulgated under the Securities Act, or any successor rule; or 3.1. 2the final distribution of the assets of the Partnership to the Partners pursuant to Section 7.4.