PARTNERSHIP DISTRIBUTIONS Clause Samples

PARTNERSHIP DISTRIBUTIONS. Executive shall not be entitled to, and shall not receive, any Partnership Distributions with respect to Restricted Units. Executive shall be entitled to receive his Profits Percentage of any Partnership Distributions made as of the relevant distribution date. Partnership Distributions, to the extent payable to Executive with respect to an Earned Unit or Vested Unit, shall be paid to Executive at the same time that such Partnership Distributions are paid to holders of Class A Units.

PARTNERSHIP DISTRIBUTIONS. Borrower covenants and agrees that Borrower shall not make any distribution(s) as defined under Section 8 of that certain Agreement of Limited Partnership of WM Limited Partnership - 1998, dated as of January 30, 1998, between MCC Food Service, Inc., a Michigan corporation and MHG, if such distribution(s) at the time of the distribution would cause the Fixed Charge Coverage Ratio for Borrower's business operations generally to be less than 1.2 to 1.0.

PARTNERSHIP DISTRIBUTIONS. Partnership Distributions" means any payment to the Partners pursuant to Sections 3.4 or 6.5(e).

PARTNERSHIP DISTRIBUTIONS. In its capacity as general partner of the Partnership, Litho is entitled its distributable share (20%) of Partnership Cash Flow, Partnership Sales Proceeds and Partnership Refinancing Proceeds as provided by the Partnership Agreement. L▇▇▇▇ also owns an aggregate 14.5% (prior to this Offering) limited partner interest in the Partnership. Litho is entitled to Distributions on account of such interest. See "Summary of the Partnership Agreement - Profits, Losses and Distributions" and the Partnership Agreement attached as Appendix A. See "Sources and Applications of Funds."

PARTNERSHIP DISTRIBUTIONS. In its capacity as general partner of the Partnership, the General Partner is entitled to its distributable share (40% before dilution) of Partnership Cash Flow, Partnership Sales Proceeds and Partnership Refinancing Proceeds as provided by the Partnership Agreement. See "Summary of the Partnership Agreement - Profits, Losses and Distributions" and the Partnership Agreement attached as Appendix A.

PARTNERSHIP DISTRIBUTIONS. ASL and Texhoma will share any distributions 80% to ASL and 20% to Texhoma.

PARTNERSHIP DISTRIBUTIONS. Cause the REIT, each Guarantor or their respective Subsidiaries with an equity interest in any Person to use its best efforts to cause such Person to make regular distributions of Net Operating Income of such Person in accordance with such Person's partnership, operating or incorporation agreements and sound business practices.

PARTNERSHIP DISTRIBUTIONS. Distribute any assets or property of Borrower to any Partner of Borrower or redeem, repurchase or otherwise retire for value any partnership interest of any Partner of Borrower.

PARTNERSHIP DISTRIBUTIONS. In its capacity as general partner of the Partnership, the General Partner is entitled to its distributable share (approximately 25.82%, before dilution) of Partnership Cash Flow, Partnership Sales Proceeds and Partnership Refinancing Proceeds as provided by the Partnership Agreement. The General Partner also owns approximately an 8.65% (before dilution) limited partner interest in the Partnership and is entitled to Distributions on account of such interest. See "Summary of the Partnership Agreement - Profits, Losses and Distributions" and the Partnership Agreement attached as Appendix A. The General Partner will also receive its proportionate share of any Offering proceeds distributed to the Initial Limited Partners. See "Sources and Applications of Funds."