OZ Act Distributions Clause Samples

OZ Act Distributions. Notwithstanding any other provisions in this Agreement, the Manager, in its sole and absolute discretion, may make distributions of cash or property at any time and in any amounts (a) with the intention to prevent the Company from failing to satisfy the requirement that the Company hold at least 90% of its assets in Qualified Opportunity Zone Property as set forth in Code § 1400Z-2(d), or (b) as otherwise deemed necessary or prudent in order to attempt to comply with any other provision of the OZ Act or to attempt to ensure that any tax benefits available under the OZ Act are fully realized by the Class A Unitholders.