Distributions of Cash Flow. (a) The General Partner shall cause the Partnership to distribute on a quarterly basis such portion of the Cash Flow of the Partnership as the General Partner shall determine in its sole discretion. Such distributions shall be made to the Partners who are Partners on the Partnership Record Date established by the General Partner in accordance with their respective Common Percentage Interests. (b) In no event may a Partner receive a distribution of Cash Flow with respect to a Partnership Unit if such Partner is entitled to receive a dividend out of the Company's share of such Cash Flow with respect to a REIT Share for which all or part of such Partnership Unit has been exchanged.
Appears in 6 contracts
Samples: Contribution Agreement (Education Realty Trust, Inc.), Contribution Agreement (Education Realty Trust, Inc.), Merger Agreement (Education Realty Trust, Inc.)
Distributions of Cash Flow. (a) The General Partner shall cause the Partnership to distribute on a quarterly basis such portion of the Cash Flow of the Partnership as the General Partner shall determine in its sole discretion. Such All such distributions of Cash Flow shall be made to the Partners who are Partners on the Partnership Record Date established by the General Partner in accordance with their such Partner's respective Common Percentage InterestsInterests on such Partnership Record Date.
(b) In no event may a Partner receive a distribution of Cash Flow with respect to a Partnership Unit if such Partner is entitled to receive a dividend out of the CompanyGeneral Partner's share of such Cash Flow with respect to a REIT Share for which all or part of such Partnership Unit has been exchanged.
Appears in 2 contracts
Samples: Agreement of Limited Partnership (Innsuites Hospitality Trust), Limited Partnership Agreement (Realty Refund Trust)
Distributions of Cash Flow. (a) The General Partner shall cause the Partnership to distribute on a quarterly basis such portion of the Cash Flow of the Partnership as the General Partner shall determine in its sole discretion. Such Except as provided in Section 10.4, all such distributions of Cash Flow shall be made to the Partners who are Partners on the Partnership Record Date established by the General Partner in accordance with their such Partner's respective Common Percentage InterestsInterests on such Partnership Record Date.
(b) In no event may a Partner receive a distribution of Cash Flow with respect to a Partnership Unit if such Partner is entitled to receive a dividend out of the CompanyGeneral Partner's share of such Cash Flow with respect to a REIT Share for which all or part of such Partnership Unit has been exchanged.
Appears in 2 contracts
Samples: Agreement of Limited Partnership (Boykin Lodging Trust Inc), Limited Partnership Agreement (Boykin Lodging Co)
Distributions of Cash Flow. (a) The General Partner shall cause the Partnership to distribute on a quarterly basis such portion of the Cash Flow of the Partnership as the General Partner shall determine in its sole discretion. Such All such distributions of Cash Flow shall be made to the Partners who are Partners on the Partnership Record Date established by the General Partner in accordance with their each Partner's respective Common Percentage InterestsInterest on such Partnership Record Date.
(b) In no event may a Partner receive a distribution of Cash Flow with respect to a Partnership Unit if such Partner is entitled to receive a dividend out of distribution from the Company's share of such Cash Flow General Partner with respect to a REIT Share for which all or part of such Partnership Unit has been exchanged.
Appears in 1 contract
Samples: Limited Partnership Agreement (Liberty Self Stor Inc)
Distributions of Cash Flow. (a) The General Partner shall cause the Partnership to distribute on a quarterly basis such portion of the Cash Flow of the Partnership as the General Partner shall determine in its sole discretion. Such distributions shall be made to the Partners who are Partners on the Partnership Record Date established by the General Partner in accordance with their respective Common Percentage Interests.
(b) In no event may a Partner receive a distribution of Cash Flow with respect to a Partnership Unit if such Partner is entitled to receive a dividend out of the Company's ’s share of such Cash Flow with respect to a REIT Share for which all or part of such Partnership Unit has been exchanged.
Appears in 1 contract
Samples: Agreement of Limited Partnership (Education Realty Trust, Inc.)