Common use of Limitations on Withdrawal of Capital Account Clause in Contracts

Limitations on Withdrawal of Capital Account. The right of -------------------------------------------- any Withdrawal Partner or such Withdrawal Partner's legal representatives to have distributed the Capital Account of such Partner pursuant to this Article IV is subject to the provision by the General Partner for all Partnership liabilities in accordance with the Act and for reserves for contingencies and estimated accrued expenses all in accordance with Article III hereof.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Southern Union Co), Limited Partnership Agreement (Southern Union Co), Limited Partnership Agreement (Southern Union Co)

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Limitations on Withdrawal of Capital Account. (a) The right of -------------------------------------------- any Withdrawal withdrawing Partner or such Withdrawal Partner's its legal representatives to have distributed the Capital Account of such Partner pursuant to this Article IV is subject to the provision by the General Partner for all Partnership liabilities in accordance with the Act and for reserves or holdbacks for contingencies and estimated accrued expenses all expenses, liabilities and contingencies in accordance with Article III hereofSection 3.08.

Appears in 1 contract

Samples: Limited Partnership Agreement

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Limitations on Withdrawal of Capital Account. The right of -------------------------------------------- any Withdrawal Partner or such Withdrawal Partner's the legal representatives of such Partner to have distributed the such Partner's Capital Account of such Partner pursuant to this Article IV VII is subject to the provision by the General Partner for all Partnership liabilities in accordance with Section 17-607 of the Act Act, and for reserves for contingencies and estimated accrued expenses all established by the General Partner in accordance with Article III hereofgood faith.

Appears in 1 contract

Samples: Aames Financial Corp/De

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