Offset. Whenever the Partnership is to pay any sum to any Partner, any amounts that Partner owes the Partnership may be deducted from that sum before payment.
Appears in 28 contracts
Samples: Limited Partnership Agreement (WUS Holding, L.L.C.), Limited Partnership Agreement (Broader Media Holdings, LLC), Limited Partnership Agreement (Safeway Stores 42, Inc.)
Offset. Whenever the Partnership is to pay any sum to any Partner, any amounts that such Partner owes the Partnership may be deducted from that sum before payment.
Appears in 7 contracts
Samples: Limited Partnership Agreement (Calpine Corp), Limited Partnership Agreement (Calpine Corp), Limited Partnership Agreement (Calpine Corp)
Offset. Whenever the Partnership is to pay any sum to any Partner, any amounts that Partner such Partner, in its capacity as a Partner, owes the Partnership may be deducted from that sum before payment.
Appears in 5 contracts
Samples: Agreement of Exempted Limited Partnership (Freescale Semiconductor Inc), Agreement of Exempted Limited Partnership (Travelport LTD), Agreement of Exempted Limited Partnership (Travelport UK Acquisition CORP)
Offset. Whenever the Partnership is to pay any sum to any a Partner, any amounts that such Partner owes the Partnership may be deducted from that sum before payment.
Appears in 4 contracts
Samples: Agreement of Limited Partnership (Tality Corp), Limited Partnership Agreement (Tality Corp), Limited Partnership Agreement (Tality Corp)
Offset. Whenever the Partnership is to pay any sum to any Partner, any amounts that such Partner owes to the Partnership may be deducted from that sum before payment.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Seneca Global Fund, L.P.), Limited Partnership Agreement (Abrams David L), Limited Partnership Agreement (Aspect Global Diversified Fund LP)
Offset. Whenever the Partnership is to pay any sum to any Partner or former Partner, any amounts that a Partner or former Partner owes the Partnership may be deducted from that sum before payment.
Appears in 2 contracts
Samples: General Partnership Agreement (Regency Energy Partners LP), General Partnership Agreement (Regency Energy Partners LP)
Offset. Whenever the Partnership is to pay any sum to any Partner in such Person’s capacity as a Partner, any amounts that such Partner owes the Partnership in such Person’s capacity as a Partner may be deducted from that sum before payment.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Athlon Energy Inc.), Limited Partnership Agreement (Athlon Energy Inc.)
Offset. Whenever the Partnership is to pay or distribute any sum to any Partner, any amounts that Partner such Partner, in its capacity as a Partner, owes the Partnership Partnership, whether pursuant to this Agreement or another Transaction Document, may be deducted from that sum before paymentpayment or distribution.
Appears in 2 contracts
Samples: Limited Partnership Agreement (ARKO Corp.), Limited Partnership Agreement (GPM Petroleum LP)
Offset. Whenever the Partnership is to pay any sum to any Partner, any amounts that such Partner owes the Partnership may be deducted from that sum before payment.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Ruth's Chris Steak House Texas, L.P.), Limited Partnership Agreement (Ruth's Chris Steak House Texas, L.P.)
Offset. Whenever the Partnership is to pay any sum to any Partner, ------ any amounts that Partner owes the Partnership may be deducted from that sum before payment.
Appears in 1 contract
Samples: Limited Partnership Agreement (Kansas City Southern Industries Inc)
Offset. Whenever the Partnership is to pay any sum amount to any Partner, any amounts that such Partner owes to the Partnership may be deducted from that sum before payment; provided that the full amount that would otherwise be distributed will be debited from the Partner’s Capital Account.
Appears in 1 contract
Samples: Limited Partnership Agreement (VOC Brazos Energy Partners, LP)
Offset. Whenever the Partnership is to pay any sum to any PartnerPartner (including pursuant to Section 16.11), any amounts that Partner such Partner, in its capacity as a Partner, owes the Partnership may be deducted from that sum before payment.
Appears in 1 contract
Samples: Limited Partnership Agreement (BrightView Holdings, Inc.)