Common use of Requirement and Characterization of Distributions; Distributions to Record Holders Clause in Contracts

Requirement and Characterization of Distributions; Distributions to Record Holders. (a) Within 45 days following the end of each Quarter commencing with the Quarter ending on June 29, 1996, an amount equal to 100% of Available Cash with respect to such Quarter shall be distributed to the Common Unitholders Pro Rata, except as otherwise required by Section 5.6(b) in respect of additional Partnership Securities issued pursuant hereto, in accordance with this Article VI, by the Partnership to the Partners as of the Record Date selected by the Board of Supervisors in its reasonable discretion. All distributions required to be made under this Agreement shall be made subject to Section 17-607 or Section 17-804 of the Delaware Act.

Appears in 4 contracts

Samples: Suburban Propane Partners Lp, Suburban Propane Partners Lp, Suburban Propane Partners Lp

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Requirement and Characterization of Distributions; Distributions to Record Holders. (a) Within 45 days Except as described in Section 6.3(b) and subject to Section 16.3 and Section 17.3 of this Agreement, following the end of each Quarter commencing with the Quarter ending on June 29, 1996Quarter, an amount equal to 100% of Available Cash with respect to such Quarter shall shall, subject to Section 17-607 of the Delaware Act, be distributed to the Common Unitholders Pro Rata, except as otherwise required by Section 5.6(b) in respect of additional Partnership Securities issued pursuant hereto, in accordance with this Article VI, VI by the Partnership to the Partners in accordance with their respective Percentage Interests as of the Record Date selected by the Board General Partner. Such distribution with respect to any Quarter may be made, at the discretion of Supervisors the General Partner, (i) within 45 days following the end of each Quarter or (ii) in its reasonable discretionthree equal installments within 17, 45 and 75 days following the end of each Quarter. All distributions required to be made under this Agreement shall be made subject to Section 17-607 or Section 17-804 of the Delaware Act.

Appears in 4 contracts

Samples: Series B Preferred Unit Purchase Agreement (Breitburn Energy Partners LP), Purchase Agreement (Breitburn Energy Partners LP), www.lw.com

Requirement and Characterization of Distributions; Distributions to Record Holders. (a) Within 45 days Except as described in Section 6.3(b) and subject to Section 16.3 of this Agreement, following the end of each Quarter commencing with the Quarter ending on June 29, 1996Quarter, an amount equal to 100% of Available Cash with respect to such Quarter shall shall, subject to Section 17-607 of the Delaware Act, be distributed to the Common Unitholders Pro Rata, except as otherwise required by Section 5.6(b) in respect of additional Partnership Securities issued pursuant hereto, in accordance with this Article VI, VI by the Partnership to the Partners in accordance with their respective Percentage Interests as of the Record Date selected by the Board General Partner. Such distribution with respect to any Quarter may be made, at the discretion of Supervisors the General Partner, (i) within 45 days following the end of each Quarter or (ii) in its reasonable discretionthree equal installments within 17, 45 and 75 days following the end of each Quarter. All distributions required to be made under this Agreement shall be made subject to Section 17-607 or Section 17-804 of the Delaware Act.

Appears in 2 contracts

Samples: www.lw.com, BreitBurn Energy Partners L.P.

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Requirement and Characterization of Distributions; Distributions to Record Holders. (a) Within 45 60 days following the end of each Quarter (other than the fourth Quarter of each fiscal year), and within 90 days following the end of the fourth Quarter of each fiscal year, commencing with the Quarter ending on June 29, 19962023, an amount equal to 100% of Available Cash with respect to such Quarter shall be distributed to the Common Unitholders Pro Rata, except as otherwise required by Section 5.6(b) in respect of additional Partnership Securities issued pursuant hereto, in accordance with this Article VI, VI by the Partnership to the Partners holders of Common Units Pro Rata as of the Record Date selected by the Board of Supervisors in its reasonable discretionGeneral Partner. All distributions required to be made under this Agreement shall be made subject to Section Sections 17-607 or Section and 17-804 of the Delaware ActAct and other applicable law, notwithstanding any other provision of this Agreement. For the avoidance of doubt, the General Partner Interest shall not be entitled to distributions made pursuant to this Section 6.3(a).

Appears in 2 contracts

Samples: Mach Natural Resources Lp, Mach Natural Resources Lp

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