Common use of Limitation on Withdrawals Clause in Contracts

Limitation on Withdrawals. The right of any Partner to withdraw any amount from its Capital Account, and the right of any withdrawn Partner or his or its legal representatives to have distributed the Capital Account of such Partner pursuant to Section 6.3, is subject to the provision by the General Partner for all Fund liabilities in accordance with the Act and for reserves for estimated accrued expenses, liabilities and contingencies, all in accordance with Section 3.7. The unused portion of any reserve shall be distributed, without interest, after the General Partner shall have determined that the need for it shall have ceased.

Limitation on Withdrawals. The right of any Limited Partner to withdraw any amount from its Capital Account, and the right of any withdrawn Partner or his or its legal representatives to have distributed the Capital Account of such Partner pursuant to Section 6.3, the provisions of Sec. 4.2 is subject to the provision by the General Partner for all Fund Partnership liabilities in accordance with the Act Act, and for reserves for estimated accrued expenses, liabilities and contingencies, all in accordance with Section 3.7. The unused portion of any reserve shall be distributed, without interest, after the General Partner shall have determined that the need for it shall have ceased.