Common use of General Distribution Rules Clause in Contracts

General Distribution Rules. The timing and amount of all distributions shall be in accordance with Sections 4.1, 4.2, 8.5 and 8.6. All distributions of cash shall be made by the General Partner to the Partners shown on the records of the Partnership to have been Partners on the date of the distribution. All distributions, upon request by a Partner, shall be made by wire transfer in immediately available funds to such Partner's account specified in such request. Distributions of Net Available Cash made to a Partner shall be deemed to be advances on account of such Partner's share of the distributable amounts thereof. For purposes of this Agreement, the term "distributable" with respect to such distributions shall mean the amount of such distributions as finally determined pursuant to the provisions of this Agreement by the General Partner for the Partnership Accounting Year in respect of which they were made and for the term of the Partnership.

Appears in 4 contracts

Samples: Limited Partnership Agreement (3100 Glendale Joint Venture), Limited Partnership Agreement (3100 Glendale Joint Venture), Limited Partnership Agreement (3100 Glendale Joint Venture)

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General Distribution Rules. The timing and amount of all distributions shall be in accordance with Sections 4.1, 4.2, 8.5 and 8.6. All distributions of cash shall be made by the General Partner to the Partners shown on the records of the Partnership to have been Partners on the [22] 27 date of the distribution. All distributions, upon request by a Partner, shall be made by wire transfer in immediately available funds to such Partner's account specified in such request. Distributions of Net Available Cash made to a Partner shall be deemed to be advances on account of such Partner's share of the distributable amounts thereof. For purposes of this Agreement, the term "distributable" with respect to such distributions shall mean the amount of such distributions as finally determined pursuant to the provisions of this Agreement by the General Partner for the Partnership Accounting Year in respect of which they were made and for the term of the Partnership.

Appears in 2 contracts

Samples: Limited Partnership Agreement (3100 Glendale Joint Venture), Limited Partnership Agreement (3100 Glendale Joint Venture)

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General Distribution Rules. The timing and amount of all distributions shall be in accordance with Sections 4.1, 4.2, 8.5 8.4 and 8.68.5. All distributions of cash shall be made by the General Partner to the Partners shown on the records of the Partnership to have been Partners on the date of the distribution. All distributions, upon request by a Partner, shall be made by wire transfer in immediately available funds to such Partner's account specified in such request. Distributions of Net Available Cash made to a Partner shall be deemed to be advances on account of such Partner's share of the distributable amounts thereof. For purposes of this Agreement, the term "distributable" with respect to such distributions shall mean the amount of such distributions as finally determined pursuant to the provisions of this Agreement by the General Partner Partners for the Partnership Accounting Year in respect of which they were made and for the term of the Partnership.

Appears in 1 contract

Samples: Agreement (Insignia Financial Group Inc)

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