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

Limitations on Withdrawal of Capital Account. The right of any withdrawn Partner or its legal representatives to have distributed the Capital Account of such Partner is subject to the provision for all Partnership liabilities in accordance with section 15666 of the Act and for estimates for contingencies and expenses. The unused portion of any such estimates shall be distributed after the need therefor shall have ceased.

Limitations on Withdrawal of Capital Account. The right of any withdrawn Partner or its legal representatives to have distributed the Capital Account of such Partner pursuant to this Section 2.2 is subject to the provision by the General Partner for all Partnership liabilities in accordance with section 15666 of the Act Act, and for estimates for contingencies and expenses. The unused portion of any such estimates shall be distributed after the General Partner shall have determined that the need therefor shall have ceased.