Common use of Repayment of Excess Distribution Clause in Contracts

Repayment of Excess Distribution. If, as determined by the General Partner, any person has received a distribution that exceeds that entitlement of such person, such person shall forthwith repay to the Partnership the amount thereof upon receipt of notice to such effect from the General Partner and, if such amount is not then repaid, the General Partner may deduct such amount from any subsequent distribution to such person.

Appears in 1 contract

Samples: www.projectn.ca

AutoNDA by SimpleDocs

Repayment of Excess Distribution. If, as determined by the General Partner, any person Person has received a distribution that from the Partnership which exceeds that the entitlement of such personPerson, such person Person shall forthwith repay to the Partnership the amount thereof upon receipt of notice to such effect from the General Partner andPartner, and if such amount is has not then repaid, been repaid the General Partner may, in addition to any other remedies it may have, deduct such amount from any subsequent distribution to such personPerson.

Appears in 1 contract

Samples: Limited Partnership Agreement (Hyperstealth Biotechnology Corp)

Repayment of Excess Distribution. 8.4 If, as determined by the General Partner, any person a Partner has received a distribution that which exceeds that entitlement of such personthe Partner’s entitlement, such person shall the Partner will forthwith repay to the Partnership the amount thereof upon receipt of notice to such that effect from the General Partner and, if such the amount is not then repaid, in addition to any other remedies provided under this Agreement, the General Partner may deduct such the amount from any subsequent distribution to such person.the Partner. Distribution to Non-Resident

Appears in 1 contract

Samples: Agreement

AutoNDA by SimpleDocs

Repayment of Excess Distribution. If, as determined by the General Partner, any person has received a distribution Distribution that exceeds that the entitlement of such person, such person shall forthwith repay to the Partnership the amount thereof upon receipt of notice to such effect from the General Partner and, if such amount is not then repaid, the General Partner may deduct such amount from any subsequent distribution to such person.

Appears in 1 contract

Samples: Limited Partnership Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.