Distributions Redemptions and Repurchases. Section 7. No dividend or distribution (including, without limitation, any distribution paid upon termination of the Trust or of any series) with respect to, nor any redemption or repurchase of, the Shares of any series shall be effected by the Trust other than from the assets of such series.
Distributions Redemptions and Repurchases. Distributions
Distributions Redemptions and Repurchases. Notwithstanding any other provision of this Partnership Agreement, including, without limitation, Article VI, no distribution, including without limitation, any distribution paid upon dissolution of the Partnership or of any Series with respect to, nor any redemption or repurchase of, the Interests of any Series shall be effected by the Partnership other than from the assets held with respect to such Series, nor, except as specifically provided in Section 7 of this Article III, shall any Investor of any particular Series otherwise have any right or claim against the assets held with respect to any other Series or the General Assets of the Partnership except, in the case of a right or claim against the assets held with respect to any other Series, to the extent that such Investor has such a right or claim hereunder as an Investor of such other Series. The Board of Directors shall have full discretion, to the extent not inconsistent with the 1940 Act, to determine which items shall be treated as income and which items as capital, and each such determination and allocation shall be conclusive and binding upon the Investors.
Distributions Redemptions and Repurchases. Section 7.1
Distributions Redemptions and Repurchases. Notwithstanding any other provisions of this Agreement, including Article VI, no distribution, including any distribution paid upon termination of the Company or of any Series (or Class) with respect to, nor any redemption or repurchase of, the Shares of any Series (or Class) shall be effected by the Trust other than from the assets held with respect to such Series, nor shall any Shareholder of any particular Series otherwise have any right or claim against the assets held with respect to any other Series except to the extent that such Shareholder has such a right or claim hereunder as a Shareholder of such other Series. The Directors shall have full discretion, to the extent not inconsistent with the 1940 Act, to determine which items shall be treated as income and which items as capital; and each such determination and allocation shall be conclusive and binding upon the Shareholders. Distributions on Shares of a particular Series or any Class thereof may be paid with such frequency as the Directors may determine, which may be daily or otherwise, pursuant to a standing resolution or resolution adopted only once or with such frequency as the Directors may determine, to the Shareholders of Shares in that Series or Class, from such of the income and capital gains, accrued or realized, from the Company Property belonging to that Series, or in the case of a Class, belonging to that Series and allocable to that Class, as the Directors may determine, after providing for actual and accrued liabilities belonging to that Series. All distributions on Shares in a particular Series or Class thereof shall be distributed pro rata to the Shareholders of Shares in that Series or Class in proportion to the total outstanding Shares in that Series or Class held by such Shareholders at the date and time of record established for the payment of such distribution, except to the extent otherwise required or permitted by the preferences and special or relative rights and privileges of any Series or Class. Such dividends and distributions may be made in cash or Shares of that Series or Class or a combination thereof as determined by the Directors or pursuant to any program that the Directors may have in effect at the time for the election by each Shareholder of the mode of the making of such distribution to that Holder.
Distributions Redemptions and Repurchases. Notwithstanding any other provisions of this Declaration, including, without limitation, Article VI, no dividend or distribution including, without limitation, any distribution paid upon termination of the Trust or of any Series (or class) with respect to, nor any redemption or repurchase of, the Shares of any Series (or class) shall be effected by the Trust other than from the assets held with respect to such Series (or class), nor, except as specifically provided in Section 7 of this Article III, shall any Shareholder of any particular Series (or class) otherwise have any right or claim against the assets held with respect to any other Series (or class) except to the extent that such Shareholder has such a right or claim hereunder as a Shareholder of such other Series (or class). The Trustees shall have full discretion, to the extent not inconsistent with the 1940 Act, to determine which items shall be treated as income or capital gains and which items shall be treated as capital; and each such determination and allocation shall be conclusive and binding upon the Shareholders.
Distributions Redemptions and Repurchases. Notwithstanding any other provisions of this Declaration of Trust, including, without limitation, Article VI, no dividend or distribution, including, without limitation, any distribution paid upon termination of the Trust or of any Series or Class with respect to, nor any redemption or repurchase of, the Shares of any Series or Class, shall be effected by the Trust other than from the assets held with respect to such Series, nor shall any Shareholder or any particular Series or Class otherwise have any right or claim against the assets held with respect to any other Series except to the extent that such Shareholder has such a right or claim hereunder as a Shareholder of such other Series. The Trustees shall have full discretion, to the extent not inconsistent with the 1940 Act, to determine which items shall be treated as income and which items as capital, and each such determination and allocation shall be conclusive and binding upon the Shareholders.
Distributions Redemptions and Repurchases. Section 4. No dividend or distribution (including, without limitation, any distribution paid upon termination of the Trust or of any series or class) with respect to, nor any redemption or repurchase of, the Shares of any series or class shall be effected by the Trust other than from the assets of such series or class.
Distributions Redemptions and Repurchases. Holders of any Series shall be entitled to receive distributions, when, if and as declared with respect thereto in the manner provided in Section 8.3 hereof. The Trustees shall have full discretion to determine which items shall be treated as income and which items as capital; and each such determination and allocation shall be conclusive and binding upon the Holders in absence of manifest error. No Interest shall have any priority or preference over any other Interest of the same Series with respect to distributions of the Trust or otherwise. All distributions shall be made ratably among all Holders of a Series from the assets held with respect to such Series according to the Percentage Interests of the Holders of such Series on the record date for any distribution or on the date of termination of the Trust, as the case may be. No distribution including, without limitation, any distribution paid upon termination of the Trust or of any Series with respect to, or any redemption or repurchase of, the Interests of any Series shall be effected by the Trust other than from the assets held with respect to such Series, nor shall any Holder of any Series otherwise have any right or claim against the assets held with respect to any other Series except to the extent that such Holder has such a right or claim hereunder as a Holder of such other Series.
Distributions Redemptions and Repurchases. DISTRIBUTIONS -------------
