Distributions to Partners. From time to time, the General Partner shall distribute funds in such amounts as it may determine, in its sole discretion. All funds shall be distributed to the Partners in accordance with their respective Percentage Interests at the time of the distribution. In determining the amount of funds to distribute pursuant to this Section 4.02, the General Partner may consider such factors as the need to allocate funds to any reserves for Partnership contingencies or any other Partnership purposes that the General Partner deems necessary or appropriate.
Distributions to Partners. The General Partner shall have sole discretion in determining the amount and frequency of distributions (other than withdrawals or redemptions by Limited Partners) which the Partnership shall make. All distributions shall be made in cash pro rata to the respective Book Capital Accounts of the Partners which hold Units as of the last day of the Accounting Period to which the distribution relates.
Distributions to Partners. Available Cash shall first be used to repay any and all Partnership Loans and then shall be distributed to the Partners as follows:
5.1.1 First, to the Partners, pari passu, in accordance with their Percentage Interests, until TRT LLC shall have received an 8.5% Internal Rate of Return;
5.1.2 Second, from and after such time as TRT LLC shall have received an 8.5% Internal Rate of Return, (a) eighty percent (80%) to the Partners, pari passu, in accordance with their Percentage Interests and (b) twenty (20%) to DCT LLC, until such time as TRT LLC shall have received a thirteen percent (13%) Internal Rate of Return; and
5.1.3 Third, from and after such time as TRT LLC shall have received a thirteen percent (13%) Internal Rate of Return, (a) seventy percent (70%) to the Partners, pari passu, in accordance with their Percentage Interests and (b) thirty percent (30%) to DCT LLC. Notwithstanding anything to the contrary contained in this Section 5.1, there shall be distributed to any Non-Defaulting Partner the amount of any Available Cash otherwise distributable to any Defaulting Partner, to the extent and in repayment of any Default Loans made by such Non-Defaulting Partner to such Defaulting Partner, together with interest thereon as provided in this Agreement, to be applied first to accrued and unpaid interest thereon and then to the principal balance thereof, in the order in which such Default Loans were made, so that the Default Loan longest outstanding is fully repaid prior to the payment of interest or principal on any Default Loan made after the date on which the longest outstanding Default Loan was made (it being understood and agreed that (x) if more than one Non-Defaulting Partner makes a Default Loan contemporaneously in connection with an Funding Notice, such distributions under this Section 5.1 in respect of Default Loans shall be made to all Non-Defaulting Partners so making such Default Loans, pro rata, in proportion to the outstanding principal balance of such contemporaneous Default Loans and (y) any such payment that would otherwise be distributed hereunder to a Defaulting Partner that is made to any Non-Defaulting Partner(s) making a Default Loan shall be treated for all purposes of this Agreement as distributed to the Defaulting Partner and paid to such Non-Defaulting Partner(s).
Distributions to Partners. (a) The Partnership may make distributions of cash and/or property, if any, at such times as the SBIC Act permits (if the Partnership is then licensed as an SBIC or has an application to be licensed pending with the SBA) and as are determined under this Agreement. If the Partnership is then licensed as an SBIC or has an application to be licensed pending with the SBA, distributions shall be made from Retained Earnings Available for Distribution or otherwise as permitted by the SBIC Act. The General Partner may elect to invest or reinvest all or any part of such cash and/or property in lieu of distribution to the Partners.
(b) All distributions shall be made to the Partners in proportion to their Partnership Percentages.
Distributions to Partners to make redemption settlements to the Partners on relevant Redemption Dates and in certain circumstances to retain and not make redemptions, in accordance with the terms of this Agreement;
Distributions to Partners. Except as provided in Section 6.05 in connection with the termination and liquidation of the Partnership, the General Partner may distribute cash funds to the Partners at such times and in such amounts as the General Partner determines, in its sole discretion, except that such funds shall be distributed by the General Partner to the Partners pro rata in accordance with their respective Percentage Interests at the time of the distribution. In determining the amount of funds to distribute pursuant to this Section 4.08, the General Partner may consider such factors as the need to allocate funds to any reserves for Partnership contingencies or any other Partnership purposes that the General Partner deems necessary or appropriate.
Distributions to Partners. Make any distributions to the holders of Borrower’s Equity Interests (including any purchase or redemption of Equity Interests) if a Default or Event of Default exists or would occur as a result of the distribution.
Distributions to Partners. Any distribution by the Partnership pursuant to Clause 3.1, to the Partners or to such Person's legal representatives, or to the transferee of such Person's right to receive such distributions as provided herein, shall, to the fullest extent permitted by applicable law, discharge the Partnership and the General Partner of all liability to any other Person that may be interested in such distribution by reason of any transfer of such Person'sInterest for any reason (including a Transfer of such Interest by reason of the death, incompetence, bankruptcy or liquidation of such Person).
Distributions to Partners. All liquid assets of the Partnership, including royalty payments received in connection with Product sales and all other proceeds of the Partnership, less an amount reasonably determined by the General Partner to cover Operating Expenses, shall be distributed no less frequently than quarterly to the Partners, pro rata in accordance with their respective Partner Percentages. For the avoidance of doubt, no proceeds raised by the Partnership to fund any Extraordinary Event shall be distributed to the Partners unless and until it is determined in accordance with this Agreement that such proceeds no longer are necessary to fund such Extraordinary Event.
Distributions to Partners. 25 8.5 Distributions Among Partners of the Same Series or Class..................................................... 26 8.6 REIT Distributions........................................... 26 8.7 Consent to Distributions..................................... 26 8.8 Liquidating Distributions.................................... 26 8.9 Special Distribution and Allocations for Certain Properties........................................... 26 9. Management and Property of the Partnership............................ 27 9.1
