Requirements and Characterization of Distributions. The General Partner shall cause the Partnership to distribute quarterly all, or such portion as the General Partner may in its discretion determine, including, but not limited to, as a consequence of such reserves as the General Partner may deem appropriate, of Available Cash generated by the Partnership during such quarter to the Partners who are Partners on the applicable Partnership Record Date with respect to such quarter in the following order of priority:
Appears in 4 contracts
Samples: Iac Capital Trust, Irvine Apartment Communities L P, Irvine Co Et Al
