Common use of Distributions Prior to Dissolution Clause in Contracts

Distributions Prior to Dissolution. The Partnership may distribute cash or property of the Partnership to the Partners prior to the dissolution of the Partnership at the discretion of the Managing Partner, and any such distributions shall be made to the Partners in proportion to their Capital Contributions until the Partners have received distributions equal to their respective Capital Contributions and thereafter to the Partners in accordance with their Partnership Interests.

Appears in 11 contracts

Samples: Partnership Agreement (S.D. Shepherd Systems, Inc.), Partnership Agreement (Ticketmaster Corp /Il/), Partnership Agreement (Ticketmaster Corp /Il/)

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Distributions Prior to Dissolution. The Partnership may distribute cash or property of the Partnership to the Partners prior to the dissolution of the Partnership at the discretion of times and in the Managing Partneraggregate amounts determined by the Partners, and any such distributions shall be made to the Partners in proportion to their Capital Contributions until the Partners have received distributions equal to their respective Capital Contributions and thereafter to the Partners in accordance with their Partnership Interests.

Appears in 1 contract

Samples: Joint Venture Agreement (Ticketmaster Corp /Il/)

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