Common use of Distributions to Record Holders Clause in Contracts

Distributions to Record Holders. (a) The Board of Directors may adopt a cash distribution policy, which it may change from time to time without amendment to this Agreement. (b) The Partnership will make distributions, if any, to Unitholders Pro Rata. (c) All distributions required to be made under this Agreement shall be made subject to Sections 17-607 and 17-804 of the Delaware Act. (d) Notwithstanding Section 6.3(b), in the event of the dissolution and liquidation of the Partnership, cash shall be applied and distributed solely in accordance with, and subject to the terms and conditions of, Section 12.4. (e) Each distribution in respect of a Partnership Interest shall be paid by the Partnership, directly or through any Transfer Agent or through any other Person or agent, only to the Record Holder of such Partnership Interest as of the Record Date set for such distribution. Such payment shall constitute full payment and satisfaction of the Partnership’s liability in respect of such payment, regardless of any claim of any Person who may have an interest in such payment by reason of an assignment or otherwise.

Distributions to Record Holders. (a) The Board of Directors may adopt a cash distribution policy, which it may change from time to time without amendment to this Agreement. (b) The Partnership will make distributions, if any, to Unitholders Pro Rata. (c) All distributions required to be made under this Agreement shall be made subject to Sections 17-607 and 17-804 of the Delaware Act. (d) Notwithstanding Section 6.3(b), in the event of the dissolution and liquidation of the Partnership, cash Partnership assets shall be applied and distributed solely in accordance with, and subject to the terms and conditions of, Section 12.4. (e) The General Partner may treat taxes paid by the Partnership on behalf of, or amounts withheld with respect to, all or less than all of the Partners, as a distribution of cash to such Partners, as determined appropriate under the circumstances by the General Partner. (f) Each distribution in respect of a Partnership Interest shall be paid by the Partnership, directly or through any Transfer Agent or through any other Person or agent, only to the Record Holder of such Partnership Interest as of the Record Date set for such distribution. Such payment shall constitute full payment and satisfaction of the Partnership’s liability in respect of such payment, regardless of any claim of any Person who may have an interest in such payment by reason of an assignment or otherwise.

Distributions to Record Holders. (a) The Board of Directors may adopt a cash distribution policy, which it may change from time to time without amendment to this Agreement. (b) The Partnership will make distributions, if any, to Unitholders Pro Rata. (c) All distributions required to be made under this Agreement shall be made subject to Sections 17-607 and 17-804 of the Delaware Act. (d) Notwithstanding Section 6.3(b), in the event of the dissolution and liquidation of the Partnership, cash Partnership assets shall be applied and distributed solely in accordance with, and subject to the terms and conditions of, Section 12.4. (e) Each distribution in respect of a Partnership Interest shall be paid by the Partnership, directly or through any Transfer Agent or through any other Person or agent, only to the Record Holder of such Partnership Interest as of the Record Date set for such distribution. Such payment shall constitute full payment and satisfaction of the Partnership’s liability in respect of such payment, regardless of any claim of any Person who may have an interest in such payment by reason of an assignment or otherwise.