Common use of Permissible Distributions Clause in Contracts

Permissible Distributions. In determining whether a distribution (other than upon voluntary liquidation) by distribution, redemption or other acquisition of Partnership Interests or otherwise is permitted under the Act, no effect shall be given to amounts that would be needed, if the Partnership were to be dissolved at the time of the distribution, to satisfy the preferential rights upon dissolution of holders of equity securities of the Partnership whose preferential rights upon dissolution are superior to those receiving the distribution.

Permissible Distributions. In determining whether a distribution (other than upon voluntary liquidation) by distributiondividend, redemption or other acquisition of Units of the Partnership Interests or otherwise is permitted under the Revised Uniform Limited Partnership Act of Delaware (the “Act”), no effect shall be given to amounts that would be needed, if the Partnership were to be dissolved at the time of the distribution, to satisfy the preferential rights upon dissolution of holders of equity securities Units of the Partnership whose preferential rights upon dissolution are superior to those receiving the distribution.