Common use of Election Not to Receive Distribution Clause in Contracts

Election Not to Receive Distribution. Notwithstanding Section 5.1(a)(iv) or Section 5.1(b)(v), at any time that the Partnership proposes to make distributions to Advance/Newhxxxx, XXE or Paragon pursuant to Section 5.1(a)(iv) or Section 5.1(b)(v), any of such Partners may elect not to receive the distribution proposed to be distributed to it, and the amount of such proposed distribution shall be treated as a contribution to the Partnership by such Partner pursuant to Section 4.1(d), and shall no longer be considered to be part of Distributable Cash for purposes of Section 5.1.

Election Not to Receive Distribution. Notwithstanding Section 5.1(a)(iv) or Section 5.1(b)(v), at any time that the Partnership proposes to make distributions to Advance/Newhxxxx, XXE or Paragon the Partners pursuant to Section 5.1(a)(iv) or Section 5.1(b)(v), any of such Partners may elect not to receive the distribution proposed to be distributed to it, and the amount of such proposed distribution shall be treated as a contribution to the Partnership by such Partner pursuant to Section 4.1(d), and shall no longer be considered to be part of Distributable Cash for purposes of Section 5.1.