Partnership Minimum Amount Distribution Default Sample Clauses

Partnership Minimum Amount Distribution Default. A Partnership Minimum Amount Distribution Default is (x) a failure by the limited partnership to make the distribution of the Additional First Year Minimum Amount or any Minimum Amount distributions (including for this purpose any interest or Default Interest) when due or to repay any borrowing made pursuant to the proviso in the first sentence of Part G of Article VI, or (y) a failure of the General Partner to cause all then outstanding Capital Improvement Loans to be repaid as provided in Paragraph (c) of Part B of Article VIII, if the Net Worth Standard is not met, in each case if such failure continues without being remedied by the limited partnership, the General Partner or any Guarantor within ten Business Days (time being of the essence) after written notice of such failure is given by any one or more of the Limited Partner, the Co-General Partner, Fund, Xxxxxx or SFG, Inc. to the General Partner and one or both of SFEC or SFTP. If the Additional First Year Minimum Amount distribution or any Minimum Amount distribution is made or such borrowing is repaid and is later determined to not have been indefeasibly made or repaid in whole or in part, a Minimum Amount Payment Default will exist if such distribution (including any interest included in such amount), together with Default Interest from the date such amount is returned or required to be returned, or such repayment is not paid by a Guarantor within ten Business Days (time being of the essence) after written notice by one or more of the Limited Partner, Fund, the Co-General Partner, Xxxxxx or SFG, Inc. to one or both of SFEC or SFTP that any recipient(s) has been required to return all or any portion of such distribution or repayment because it was not indefeasibly made or paid. Notwithstanding anything in this Paragraph 4 to the contrary, a Partnership Minimum Amount Distribution Default will not result if distribution or repayment of the amount due is not permissible under a Payment Prohibiting Law, provided the distribution or repayment is made, with interest at Prime from the original date due, within ten Business Days after distribution is not prohibited by a Payment Prohibiting Law.
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Related to Partnership Minimum Amount Distribution Default

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution. (b) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall also be subject to adjustment pursuant to Section 6.9.

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains the existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation. 2. If the employee chooses to vacate the position or does not meet the skills and abilities requirements of the position, the layoff procedure specified in Article 31 of this Agreement applies.

  • Contribution Deadline The deadline for making an IRA contribution is your tax return due date (not including extensions). You may designate a contribution as a contribution for the preceding taxable year in a manner acceptable to us. For example, if you are a calendar year taxpayer, and you make your IRA contribution on or before April 15, your contribution is considered to have been made for the previous tax year if you designate it as such. If you are a member of the Armed Forces serving in a combat zone, hazardous duty area, or contingency operation, you may have an extended contribution deadline of 180 days after the last day served in the area. In addition, your contribution deadline for a particular tax year is also extended by the number of days that remained to file that year’s tax return as of the date you entered the combat zone. This additional extension to make your IRA contribution cannot exceed the number of days between January 1 and your tax filing deadline, not including extensions.

  • Distribution Compliance Period The Purchaser agrees not to resell, pledge or transfer any Purchased Shares within the United States or to any U.S. Person, as each of those terms is defined in Regulation S, during the 40 days following the Closing Date.

  • Designation, Amount and Par Value The series of preferred stock shall be designated as the Series D 5% Convertible Preferred Stock (the "Preferred Stock"), and the number of shares so designated and authorized shall be Three Thousand (3,000). Each share of Preferred Stock shall have a par value of $0.0001 per share and a stated value of $1,000 per share (the "Stated Value").

  • Funding Period The Funding Period, if any, shall not have terminated.

  • COSTS DISTRIBUTED THROUGH COUNTYWIDE COST ALLOCATIONS The indirect overhead and support service costs listed in the Summary Schedule (attached) are formally approved as actual costs for fiscal year 2022-23, and as estimated costs for fiscal year 2024-25 on a “fixed with carry-forward” basis. These costs may be included as part of the county departments’ costs indicated effective July 1, 2024, for further allocation to federal grants and contracts performed by the respective county departments.

  • Negotiated Funding Amount, Board Contributions 4.1.1 Each Board shall pay an amount equal to 1/12th of the annual negotiated funding amount as described in 4.1.3 to the Trustees of the OECTA ELHT by the last day of each month from and after the Board’s Participation Date.

  • Credit Union Deductions The Employer agrees to honor Credit Union deduction requests for members who have properly signed and executed the payroll deduction form. Such deduction shall remain in effect until the Employer is properly notified in writing by the employee of any change.

  • Are There Penalties for Early Distribution from a Xxxx XXX As indicated above, earnings on your contributions, as well as amounts contributed to a Xxxx XXX as a rollover from a Traditional IRA, that are distributed before certain events are subject to various taxes. Please see IRS Publication 590 for further information about Xxxx XXX rules and restrictions.

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