Distributions of Limited Partnership Funds Sample Clauses

Distributions of Limited Partnership Funds. A. The Distributable Cash of the Limited Partnership shall be distributed simultaneously to the Unit Holders for the account of the Depositary (either directly to such Unit Holders or as they shall direct by their notice to the General Partner pursuant to the reinvestment option set forth in Section 5.1B) and the General Partner promptly upon receipt of cash distributions from the Production Partnership. Each Unit Holder's or Partner's share of each such distribution shall be determined after giving effect to the allocations set forth in Sections 5.2 and 5.3, except that (i) any Distributable Cash attributable to the receipt by the Production Partnership of investment income (as defined in the Production Partnership Agreement) shall be distributed 100% to the Unit Holders and, (ii) any Distributable Cash which is attributable to a return pursuant to Section 3.4 shall be distributed entirely to those Persons (other than corporate affiliates of Geodyne Resources, Inc. or the Dealer Manager or any purchasers of Depositary Units therefrom with respect to the distribution of cash contributed by the Managing Partner to the Production Partnership pursuant to Section 3.4 of the Production Partnership Agreement or to the Limited Partnership by the General Partner pursuant to Section 3.4 of this Agreement) who are, at the time of the distribution, Unit Holders. All distributions of Distributable Cash shall reduce dollar-for-dollar the balances of the Partners' and Unit Holders' Capital Accounts. (i) Prior to the first cash distribution by the Limited Partnership, each Unit Holder will be given an opportunity to elect to have all or a portion of such Unit Holder's cash distributions (1) paid directly to the Unit Holder in cash, or (2) held in a reinvestment account established for Unit Holders of the Limited Partnership, any Prior Limited Partnerships and any Subsequent Limited Partnership, pending the reinvestment of such cash distributions in a minimum amount of $100 (with reinvestment in excess of such minimum being permitted in whole increments of $100) in Depositary Units of any Subsequent Limited Partnership. After receipt of the Prospectus with respect to any Subsequent Limited Partnership, each Unit Holder may revoke such Unit Holder's prior election to have such Unit Holder's cash distributions held in the reinvestment account invested in Depositary Units of the Subsequent Limited Partnership. Such revocation shall be made by the Unit Holder's delivery to th...
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Distributions of Limited Partnership Funds. A. The Distributable Cash of the Limited Partnership shall be distributed simultaneously to the Unit Holders for the account of the Depositary (either directly to such Unit Holders or as they shall direct by their notice to the General Partner pursuant to the reinvestment option set forth in Section 5.lB) and the Genexxx Partner promptly upon receipt of cash distributions from the NPI Partnership. Subject to Section 9.2B, Distributable Cash shall be distributed 99% to the Depositary (on behalf of the Unit Holders as a class) and 1% to the General Partner except that (i) any Distributable Cash attributable to the receipt by the NPI Partnership of investment income (as defined in the NPI Partnership Agreement) shall be distributed 100% to the Depositary (on behalf of the Unit Holders as a class) and, (ii) any Distributable Cash which is attributable to a return pursuant to Section 3.3 shall be distributed entirely to those Persons (other than corporate affiliates of Geodyne Resources, Inc. or the Dealer Manager or any purchasers of Depositary Units therefrom with respect to the distribution of cash contributed by the Managing Partner to the NPI Partnership pursuant to Section 3.4 of the NPI Partnership Agreement or to the Limited Partnership by the General Partner pursuant to Section 3.4 of this Agreement) who are, at the time of the distribution, Unit Holders. Distributions to the Unit Holders shall be allocated to each Unit Holder pursuant to Section 5.
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Distributions of Limited Partnership Funds. A. The Distributable Cash of the Limited Partnership shall be distributed simultaneously to the Limited Partners (either directly to such Limited Partners or as they shall direct by their notice to the General Partners pursuant to the reinvestment option set forth in Section 5.lB of this Agreement) and xxx General Partners promptly upon receipt of cash distributions from the Production Partnership. Each Partner's share of each such distribution shall be determined after giving effect to the allocations set forth in Sections 5.2 and 5.3 of this Agreement, except that (i) any Distributable Cash attributable to the receipt by the Production Partnership of investment income (as defined in the Production Partnership Agreement) shall be distributed 100% to the Limited Partners and, (ii) any Distributable Cash which is attributable to a return pursuant to Section 3.4 shall be distributed entirely to those Limited Partners (other than corporate affiliates of Geodyne Resources, Inc. or the Dealer Manager or any purchasers of Units therefrom with respect to the distribution of cash contributed by the Managing Partners to the Production Partnership pursuant to Section 3.4 of the Production Partnership Agreement or to the Limited Partnership by the General Partners pursuant to Section
Sample 1
Distributions of Limited Partnership Funds. A. The Distributable Cash of the Limited Partnership shall be distributed simultaneously to the Unit Holders for the account of the Depositary (either directly to such Unit Holders or as they shall
Sample 1

Related to Distributions of Limited Partnership Funds

  • Capital Contributions of the Partners (a) The General Partner and Initial Limited Partner have made the Capital Contributions as set forth in Exhibit A to this Agreement. (b) To the extent the Partnership acquires any property by the merger of any other Person into the Partnership or the contribution of assets by any other Person, Persons who receive Partnership Interests in exchange for their interests in the Person merging into or contributing assets to the Partnership shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement or contribution agreement and as set forth in Exhibit A, as amended to reflect such deemed Capital Contributions. (c) Each Partner shall own Partnership Units in the amounts set forth for such Partner in Exhibit A and shall have a Percentage Interest in the Partnership as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately exchanges, additional Capital Contributions, the issuance of additional Partnership Units or similar events having an effect on any Partner’s Percentage Interest. (d) The number of Partnership Units held by the General Partner, in its capacity as general partner, shall be deemed to be the General Partner Interest. (e) Except as provided in Sections 4.2 and 10.5, the Partners shall have no obligation to make any additional Capital Contributions or provide any additional funding to the Partnership (whether in the form of loans, repayments of loans or otherwise) and no Partner shall have any obligation to restore any deficit that may exist in its Capital Account, either upon a liquidation of the Partnership or otherwise.

  • Partnership Funds Pending application or distribution, the funds of the Partnership shall be deposited in such bank account or accounts, or invested in such interest-bearing or non-interest bearing investment, including, without limitation, checking and savings accounts, certificates of deposit and time or demand deposits in commercial banks, U.S. government securities and securities guaranteed by U.S. government agencies as shall be designed by the General Partner. Such funds shall not be commingled with funds of any other Person. Withdrawals therefrom shall be made upon such signatures as the General Partner may designate.

  • Limited Distributions of Income from Trust Account (a) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit C, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested by the Company to cover any income or other tax obligation owed by the Company. (b) The limited distributions referred to in Section 2(a) above shall be made only from income collected on the Property. Except as provided in Section 2(a), no other distributions from the Trust Account shall be permitted except in accordance with Section 1(i) hereof. (c) The Company shall provide Ladenburg with a copy of any Termination Letters and/or any other correspondence that it issues to the Trustee with respect to any proposed withdrawal from the Trust Account promptly after such issuance.

  • Capital Contributions and Issuance of Partnership Interests Section 5.1

  • Additional Capital Contributions and Issuances of Additional Partnership Interests Except as provided in this Section 4.2 or in Section 4.3, the Partners shall have no right or obligation to make any additional Capital Contributions or loans to the Partnership. The General Partner may contribute additional capital to the Partnership, from time to time, and receive additional Partnership Interests in respect thereof, in the manner contemplated in this Section 4.2.

  • Capital Contributions and Distributions The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Capital Contributions Distributions 17 TABLE OF CONTENTS (continued)

  • Limitations on Return of Capital Contributions Notwithstanding any of the provisions of this Article 5, no Partner shall have the right to receive and the General Partner shall not have the right to make, a distribution that includes a return of all or part of a Partner’s Capital Contributions, unless after giving effect to the return of a Capital Contribution, the sum of all Partnership liabilities, other than the liabilities to a Partner for the return of his Capital Contribution, does not exceed the fair market value of the Partnership’s assets.

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