Limitations on Withdrawal. No PARTY shall be relieved of its obligations hereunder during a well or platform fire, blowout or other emergency thereon, but may withdraw from this Agreement and be relieved of such obligations after termination of such emergency, provided such PARTY shall be and remain liable for its full share of all costs arising out of said emergency, including without limitation, the drilling of a relief well, containment and cleanup of oil spill and pollution and all costs of platform debris removal made necessary by the emergency.
Limitations on Withdrawal. 3.7.1 No Partner may withdraw any amounts from its Capital Account in excess of the positive balance of its Capital Account.
3.7.2 Any of the conditions relating to withdrawals pursuant to the provisions of this Article III or otherwise as set out in this Agreement (including the notice periods and lock-up periods) may, in good faith and in a manner that is not materially prejudicial to the Partnership, be waived or reduced by the General Partner, in its discretion, from time to time, subject to such terms and conditions deemed appropriate to the General Partner, with respect to one or more Limited Partners without notice to, or the consent of, the other Limited Partners.
Limitations on Withdrawal. No party shall be relieved of its obligations hereunder during a blowout, a fire or other emergency, but may withdraw from this Agreement after termination of such emergency, provided such Party shall remain liable for its share of all costs arising from said emergency, including, but not limited to, the drilling of relief wells, containment and cleanup of xxx xpill and pollution, and all costs of Platform debris removal made necessary by the emergency.
Limitations on Withdrawal. The right of any Partner to withdraw any amount from his Capital Account pursuant to the provisions of this Section 7 is subject to the provision by the General Partner for all Partnership liabilities in accordance with the Texas Revised Limited Partnership Act and for reserves for contingencies.
Limitations on Withdrawal. The right of any Partner to withdraw any amount from his capital account pursuant to the provisions of this Article IV is subject to the provision by the General Partner for all Partnership liabilities, including contingent liabilities.
Limitations on Withdrawal. The right of any Partner to withdraw any amount from his Capital Account pursuant to the provisions of this Article VI is subject to the provision by the General Partner for all Partnership liabilities in accordance with Section 17 of the Texas Uniform Limited Partnership Act and for reserves for contingencies.
Limitations on Withdrawal. You are free to decide at any time that you no longer want your tissue samples, DNA xxxxxxxx xxxx, cell lines or other information to be used as part of this study. However, it may not be possible to prevent the future use of your data, cell lines and/or other information in certain circumstances:
(a) Deletion of trait and xxxxxxxx xxxx
Limitations on Withdrawal. The right of any Partner to withdraw any amount from his Capital Account pursuant to the provisions of this Article 6 is subject to the provision by the General Partner for all Partnership liabilities in accordance with the Act and for reserves for contingencies. In addition, the General Partner may in his sole and absolute discretion reserve from such capital being withdrawn an amount that he, in his sole and absolute determination, believes is sufficient to cover the partially withdrawing Partner's share of the estimated Yearly Expenses, considering that Partner's Partnership Percentage during the fiscal year. Once the actual Yearly Expenses for that fiscal year are determined, to the extent such reserved capital exceeds the Partner's share, the excess shall be paid to that Partner and to the extent such reserved capital is less than the Partner's share, the deficiency shall be paid by the Partner to the Partnership.
Limitations on Withdrawal. 17.2.1 During an Emergency . . . . . . . . . . . . . . . . . . . . 17.2.2
Limitations on Withdrawal. Notwithstanding Section 8.1 above, the return of a withdrawing Member's Capital Account shall be subject to the following limitations:
(a) The Company will not establish a reserve from which to fund withdrawals and, accordingly, the Company's obligation to return a Member's Capital Account is limited to the availability of Company cash flow in any given calendar quarter, as determined in good faith by the Manager. For this purpose, cash flow is considered to be available only after all current Company expenses have been paid (including compensation to the Manager and its Affiliates) and provision has been made for maintaining adequate reserves to meet anticipated Company expenses, funding of all and outstanding loan commitments and approved loans, and payment of all monthly cash distributions on a pro rata basis which must be paid to Members who have elected to receive such distributions. The Company shall not be obligated to sell or liquidate any mortgage loans prior to maturity for the purpose of generating funds to liquidate the Capital Accounts of withdrawing Members.
(b) If current cash flow is inadequate to promptly liquidate all Capital Accounts with respect to which Notices of Withdrawal have been received, then the priority of distributions among withdrawing Members shall be determined by the chronological order in which their respective Notices of Withdrawal were received by the Manager; provided, that the Manager shall have the discretion to accord priority to Notices of Withdrawal received from Deceased Members and ERISA Plan Investors as described in Section 8.3 below.
(c) In no event shall the Company be required to liquidate more than $25,000 per calendar quarter per Member or the Capital Accounts of Withdrawing Members to the extent that the aggregate distributions paid to all withdrawing Members during any 12-month period would exceed an amount equal to 20% of the aggregate Capital Accounts of all Members at the beginning of such period.
