Common use of Receipt of Distributions in Kind Clause in Contracts

Receipt of Distributions in Kind. The General Partner may, in its discretion, elect to receive any distribution to it in kind, provided that the Fair Market Value of any such distribution shall not exceed the amount which the General Partner would have been entitled to receive if the property so distributed had been sold for cash at such Fair Market Value in accordance with and following the principles of Section 6.4(a).

Receipt of Distributions in Kind. The General Partner may, in its sole discretion, elect to receive any distribution to it in kind, provided that the Fair Market Value of any such distribution shall not exceed the amount which the General Partner would have been entitled to receive if the property so distributed had been sold for cash at such Fair Market Value in accordance with and following the principles of Section 6.4(a7.3(a).

Receipt of Distributions in Kind. The General Partner may, in its discretion, elect to receive any distribution to it in kind, provided provided, however, that the Fair Market Value of any such distribution shall not exceed the amount which the General Partner would have been entitled enti- tled to receive if the property so distributed had been sold for cash at such Fair Market Value in accordance with and following the principles of Section 6.4(a6.3(a).