Common use of Operating Distributions Clause in Contracts

Operating Distributions. Subject to Section 17-607 of the Act and other applicable law, Available Net Operating Cash shall be distributed as soon as practicable following the end of each month to the Partners as follows:

Appears in 6 contracts

Samples: Limited Partnership Agreement (Millennium Chemicals Inc), Limited Partnership Agreement (Equistar Chemicals Lp), Limited Partnership Agreement (Lyondell Petrochemical Co)

AutoNDA by SimpleDocs

Operating Distributions. Subject to Section 17-607 of the Act and other applicable law, Available Net Operating Cash shall be distributed as soon as practicable following the end of each month to the Partners as follows:Pro Rata.

Appears in 5 contracts

Samples: Limited Partnership Agreement (LyondellBasell F&F Holdco, LLC), Limited Partnership Agreement (Equistar Chemicals Lp), Limited Partnership Agreement (Millennium Chemicals Inc)

AutoNDA by SimpleDocs

Operating Distributions. Subject to Section 17-607 of the Act and ----------------------- other applicable law, Available Net Operating Cash shall be distributed as soon as practicable following the end of each month to the Partners as follows:

Appears in 3 contracts

Samples: Limited Partnership Agreement (Equistar Funding Corp), Limited Partnership Agreement (Lyondell Chemical Co), Limited Partnership Agreement (Equistar Chemicals Lp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!