Common use of Distributions of Cash from Interim Capital Transactions Clause in Contracts

Distributions of Cash from Interim Capital Transactions. Available Cash that constitutes Cash from Interim Capital Transactions shall be distributed, unless the provisions of Section 5.3 require otherwise, 98% to all Unitholders, Pro Rata, and 2% to the General Partner, until a hypothetical holder of a Common Unit acquired on the Closing Date has received with respect to such Common Unit, during the period since the Closing Date through such date, distributions of Available Cash that are deemed to be Cash from Interim Capital Transactions in an aggregate amount equal to the Initial Unit Price. Thereafter, all Available Cash shall be distributed as if it were Cash from Operations and shall be distributed in accordance with Section 5.4.

Appears in 2 contracts

Samples: www.sec.gov, ONEOK Partners LP

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Distributions of Cash from Interim Capital Transactions. Available Cash that constitutes Cash from Interim Capital Transactions shall be distributed, unless the provisions of Section 5.3 require otherwise, 9899% to all Unitholders, Pro Rata, and 21% to the General Partner, until a hypothetical holder of a Common Unit acquired on the Closing Date has received with respect to such Common Unit, during the period since the Closing Date through such date, distributions of Available Cash that are deemed to be Cash from Interim Capital Transactions in an aggregate amount equal to the Initial Unit Price. Thereafter, all Available Cash shall be distributed as if it were Cash from Operations and shall be distributed in accordance with Section 5.4.

Appears in 1 contract

Samples: ONEOK Partners LP

Distributions of Cash from Interim Capital Transactions. Available Cash that constitutes Cash from Interim Capital Transactions shall be distributed, unless the provisions of Section 5.3 require otherwise, 9899% to all UnitholdersLimited Partners, Pro Ratain accordance with their respective Percentage Interests, and 21.0% to the General Partner, Partner until a hypothetical holder of a Common Unit acquired on at the Closing Date time of the Initial Offering has received with respect to such Common each Unit, during the period since the Closing Date from Partnership Inception through such date, distributions of Available Cash that are deemed to be Cash from Interim Capital Transactions in an aggregate amount per Unit equal to the Initial Unit Price. Thereafter, all Available Cash shall be distributed as if it were Cash from Operations and shall be distributed in accordance with Section 5.4.

Appears in 1 contract

Samples: Teppco Partners Lp

Distributions of Cash from Interim Capital Transactions. Available Cash that constitutes Cash from Interim Capital Transactions shall be distributed, unless the provisions of Section 5.3 require otherwise, 9899% to all UnitholdersLimited Partners, Pro Ratain accordance with their respective Percentage Interests, and 21.0% to the General Partner, Partner until a hypothetical holder of a Common Unit acquired on at the Closing Date time of the Initial Offering has received with respect to such Common each Unit, during the period since the Closing Date from Partnership Inception through such date, distributions of Available Cash that are deemed to be Cash from Interim Capital Transactions in an aggregate amount per LP Unit equal to the Initial Unit Price. Thereafter, all Available Cash shall be distributed as if it were Cash from Operations and shall be distributed in accordance with Section 5.4.

Appears in 1 contract

Samples: Teppco Partners Lp

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Distributions of Cash from Interim Capital Transactions. Available Cash that constitutes Cash from Interim Capital Transactions shall be distributed, unless the provisions of Section 5.3 require otherwise, 9898.000001% to all UnitholdersLimited Partners, Pro Ratain accordance with their respective Percentage Interests, and 21.999999% to the General Partner, Partner until a hypothetical holder of a Common Unit acquired on at the Closing Date time of the Initial Offering has received with respect to such Common each Unit, during the period since the Closing Date from Partnership Inception through such date, distributions of Available Cash that are deemed to be Cash from Interim Capital Transactions in an aggregate amount per LP Unit equal to the Initial Unit Price. Thereafter, all Available Cash shall be distributed as if it were Cash from Operations and shall be distributed in accordance with Section 5.4.

Appears in 1 contract

Samples: Teppco Partners Lp

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