Distributions of Distributable Cash. Within 40 days following the end of each Quarter commencing with the Quarter that includes the IPO Date, the Partnership shall distribute to the Partners pro rata in accordance with their respective Percentage Interests an amount equal to 100% of Distributable Cash. Notwithstanding any other provision of this Agreement, the Partnership shall not make a distribution to any Partner on account of its interest in the Partnership if such distribution would violate the Delaware Act or other Applicable Law.
Appears in 11 contracts
Samples: Limited Partnership Agreement (Noble Midstream Partners LP), Limited Partnership Agreement (Noble Midstream Partners LP), Limited Partnership Agreement (Noble Midstream Partners LP)
Distributions of Distributable Cash. Within 40 days following the end of each Quarter commencing with the Quarter that includes the IPO Date, the Partnership Company shall distribute to the Partners Members pro rata in accordance with their respective Percentage Interests an amount equal to 100% of Distributable Cash. Notwithstanding any other provision of this Agreement, the Partnership Company shall not make a distribution to any Partner Member on account of its interest in the Partnership Company if such distribution would violate the Delaware Act or other Applicable Law.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Oasis Midstream Partners LP), Limited Liability Company Agreement (Oasis Midstream Partners LP), Limited Liability Company Agreement (Oasis Midstream Partners LP)
Distributions of Distributable Cash. Within 40 45 days following the end of each Quarter commencing with the Quarter that includes the IPO Date, the Partnership Company shall distribute to the Partners Members pro rata in accordance with their respective Percentage Interests an amount equal to 100% of Distributable Cash. Notwithstanding any other provision of this Agreement, the Partnership Company shall not make a distribution to any Partner Member on account of its interest in the Partnership Company if such distribution would violate the Delaware Act or other Applicable Law.
Appears in 3 contracts
Samples: Contribution, Assignment and Assumption Agreement (BP Midstream Partners LP), Limited Liability Company Agreement (BP Midstream Partners LP), Limited Liability Company Agreement (BP Midstream Partners LP)
Distributions of Distributable Cash. Within 40 days following the end of each Quarter commencing with the Quarter that includes the IPO Date, the Partnership shall distribute to the Partners pro rata in accordance with their respective Percentage Interests an amount equal to 100% of Distributable Cash. Notwithstanding any other provision of this Agreement, the Partnership shall not make a distribution to any Partner the Partners on account of its interest their interests in the Partnership if such distribution would violate the Delaware Act or other Applicable Law.
Appears in 3 contracts
Samples: Limited Partnership Agreement (CONE Midstream Partners LP), Limited Partnership Agreement (CONE Midstream Partners LP), Limited Partnership Agreement (CONE Midstream Partners LP)
Distributions of Distributable Cash. Within 40 45 days following the end of each Quarter commencing with the Quarter that includes the IPO Date, the Partnership shall distribute to the Partners pro rata in accordance with their respective Percentage Interests an amount equal to 100% of Distributable Cash. Notwithstanding any other provision of this Agreement, the Partnership shall not make a distribution to any Partner the Partners on account of its interest their interests in the Partnership if such distribution would violate the Delaware Act or other Applicable Law.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Howard Midstream Partners, LP), Limited Partnership Agreement (Howard Midstream Partners, LP)
Distributions of Distributable Cash. Within 40 45 days following the end of each Quarter commencing with the Quarter that includes the IPO Dateending December 31, 2013, the Partnership shall distribute to the Partners pro rata in accordance with their respective Percentage Interests an amount equal to 100% of Distributable Cash. Notwithstanding any other provision of this Agreement, the Partnership shall not make a distribution to any Partner the Partners on account of its interest their interests in the Partnership if such distribution would violate the Delaware Act TBOC or other Applicable Lawapplicable law.
Appears in 1 contract
Samples: Agreement of Limited Partnership (Midcoast Energy Partners, L.P.)
Distributions of Distributable Cash. Within 40 days following the end of each Quarter commencing with the Quarter that includes the IPO Dateending December 31, 2012, the Partnership shall distribute to the Partners pro rata in accordance with their respective Percentage Interests an amount equal to 100% of Distributable Cash. Notwithstanding any other provision of this Agreement, the Partnership shall not make a distribution to any Partner the Partners on account of its interest their interests in the Partnership if such distribution would violate the Delaware Act or other Applicable Lawapplicable law.
Appears in 1 contract
Distributions of Distributable Cash. Within 40 45 days following the end of each Quarter commencing with the Quarter that includes the IPO Dateending [ ], 2012, the Partnership shall distribute to the Partners pro rata in accordance with their respective Percentage Interests an amount equal to 100% of Distributable Cash. Notwithstanding any other provision of this Agreement, the Partnership shall not make a distribution to any Partner the Partners on account of its interest their interests in the Partnership if such distribution would violate the Delaware Act or other Applicable Lawapplicable law.
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