Common use of Payment of Withdrawal Proceeds Clause in Contracts

Payment of Withdrawal Proceeds. Subject to Section 6.07, the Partnership shall pay withdrawal proceeds without interest and within 30 Business Days after the applicable Withdrawal Date; except that if a Limited Partner elects to withdraw 95% or more of the balance of a particular Capital Account, the Partnership shall pay the Limited Partner an amount equal to at least 95% of the estimated withdrawal proceeds (computed on the basis of unaudited data as of the Withdrawal Date) with respect to the relevant Capital Account within 30 Business Days after the Withdrawal Date. If a Limited Partner elects to withdraw 95% or more of the balance of a particular Capital Account in the aggregate during a Fiscal Year by means of more than one withdrawal, the "holdback" amount described above will be adjusted to reflect the aggregate withdrawal amounts made during such Fiscal Year. The Partnership shall pay the Limited Partner's balance (subject to audit adjustments and without interest) within 30 days after the issuance of the audit of the Partnership's books for the Fiscal Year in which such Withdrawal Date occurs. If a Limited Partner holds more than one Capital Account, the General Partner may, in its sole discretion, pay such Limited Partner more than 95% of the estimated withdrawal proceeds (computed on the basis of unaudited data as of the Withdrawal Date) attributable to the fully withdrawn Capital Account, and in the event of an audit adjustment that exceeds the amount held back (or if no amount was held back), the General Partner may debit such Limited Partner's remaining Capital Accounts with the amount of the audit adjustment to the extent the amount held back was less than the audit adjustment or no amount was held back. Withdrawal proceeds payable to a withdrawing Limited Partner will be reduced by any Incentive Allocation allocable with respect to the withdrawn capital. If a Limited Partner has more than one Capital Account, withdrawal proceeds shall be paid on a "first-in, first-out" basis.

Payment of Withdrawal Proceeds. Subject to Section 6.07, the Partnership shall pay withdrawal proceeds without interest and within 30 Business Days after the applicable Withdrawal Date; except that if a Limited Partner elects to withdraw 95% or more of the balance of a particular Capital Account, the Partnership shall pay the Limited Partner an amount equal to at least 95% of the estimated withdrawal proceeds (computed on the basis of unaudited data as of the Withdrawal Date) with respect to the relevant Capital Account within 30 Business Days after the Withdrawal Date. If a Limited Partner elects to withdraw 95% or more of the balance of a particular Capital Account in the aggregate during a Fiscal Year by means of more than one withdrawal, the "holdback" amount described above will be adjusted to reflect the aggregate withdrawal amounts made during such Fiscal Year. The Partnership shall pay the Limited Partner's balance (subject to audit adjustments and without interest) within 30 days after the issuance of the audit of the Partnership's books for the Fiscal Year in which such Withdrawal Date occurs. If a Limited Partner holds more than one Capital Account, the General Partner may, in its sole discretion, pay such Limited Partner more than 95% of the estimated withdrawal proceeds (computed on the basis of unaudited data as of the Withdrawal Date) attributable to the fully withdrawn Capital Account, and in the event of an audit adjustment that exceeds the amount held back (or if no amount was held back), the General Partner may debit such Limited Partner's remaining Capital Accounts with the amount of the audit adjustment to the extent the amount held back was less than the audit adjustment or no amount was held back. Withdrawal Xxxxxxxxxx proceeds payable to a withdrawing Limited Partner will be reduced by any Incentive Allocation allocable with respect to the withdrawn capital. If a Limited Partner has more than one Capital Account, withdrawal proceeds shall be paid on a "first-in, first-out" basis.

Payment of Withdrawal Proceeds. Subject to Section 6.07, the Partnership shall pay withdrawal proceeds without interest and within 30 Business Days after the applicable Withdrawal Date; except that if a Limited Partner elects to withdraw 95% or more of the balance of its Capital Account or a particular Series Capital Account, the Partnership shall pay the Limited Partner an amount equal to at least 95% of the estimated withdrawal proceeds (computed on the basis of unaudited data as of the Withdrawal Date) with respect to the Capital Account or the relevant Series Capital Account within 30 Business Days after the Withdrawal Date. If a Limited Partner elects to withdraw 95% or more of the balance of its Capital Account or a particular Series Capital Account in the aggregate during a Fiscal Year by means of more than one withdrawal, the "“holdback" ” amount described above will be adjusted to reflect the aggregate withdrawal amounts made during such Fiscal Year. The Partnership shall pay the Limited Partner's ’s balance (subject to audit adjustments and without interest) within 30 days after the issuance of the audit of the Partnership's ’s books for the Fiscal Year in which such Withdrawal Date occurs. If a Limited Partner Feeder Fund Investor holds an indirect interest in more than one Series Capital Account, the General Partner may, in its sole discretion, pay such Limited Partner the related Feeder Fund more than 95% of the estimated withdrawal proceeds (computed on the basis of unaudited data as of the Withdrawal Date) attributable to the a fully withdrawn Series Capital Account, and in the event of an audit adjustment that exceeds the amount held back (or if no amount was held back), the General Partner may debit such Limited Partner's the remaining Series Capital Accounts in which such Feeder Fund Investor holds an indirect interest with the amount of the audit adjustment to the extent the amount held back was less than the audit adjustment or no amount was held back. Withdrawal proceeds payable to a withdrawing Limited Partner will be reduced by any Incentive Allocation allocable with respect to the withdrawn capital. If a Limited Partner has Feeder Fund Investor holds an indirect interest in more than one Series Capital Account, withdrawal proceeds shall be paid on a "“first-in, first-out" ” basis.