Common use of Reserves Against Distributions Clause in Contracts

Reserves Against Distributions. The Company may, in the Board’s discretion, withhold from distributions payable to any Unitholder under this Agreement amounts sufficient to pay and discharge any reasonably anticipated contingent liabilities of the Company. Once such contingent liabilities are paid and/or discharged, any remaining amounts withheld will be paid to the Unitholder from whom the distribution was withheld.

Reserves Against Distributions. The Company may, in Board shall have the Board’s discretion, right to withhold from distributions Distributions payable to any Unitholder under this Agreement amounts sufficient to pay and discharge any reasonably anticipated contingent liabilities of the Company. Once Any amounts remaining after payment and discharge of any such contingent liabilities are paid and/or discharged, any remaining amounts withheld of the Company will be paid to the Unitholder Unitholders from whom the distribution was Distributions were withheld.

Reserves Against Distributions. The Company may, in Board shall have the Board’s discretion, right to withhold from distributions Distributions payable to any Unitholder under this Operating Agreement (other than Tax Distributions) amounts sufficient to pay and discharge any reasonably anticipated contingent liabilities of the Company. Once Any amounts remaining after payment and discharge of any such contingent liabilities are paid and/or discharged, any remaining amounts withheld of the Company will be paid to the Unitholder Unitholders from whom the distribution was Distributions were withheld.