Common use of Return of Excess Distributions Clause in Contracts

Return of Excess Distributions. Within 90 days after the end of each year, each General Partner shall return to the Partnership any amount it receives for such year that is in excess of its share of the sum of the cumulative undistributed Profits as of the end of the preceding year and the Profits for such year.

Appears in 7 contracts

Samples: Limited Partnership Agreement (Equistar Chemicals Lp), Partnership Agreement (Millennium Chemicals Inc), Limited Partnership Agreement (Lyondell Petrochemical Co)

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Return of Excess Distributions. Within 90 days after the end of each ------------------------------ year, each General Partner shall return to the Partnership any amount it receives for such year that is in excess of its share of the sum of the cumulative undistributed Profits as of the end of the preceding year and the Profits for such year.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Lyondell Chemical Co), Limited Partnership Agreement (Equistar Chemicals Lp), Limited Partnership Agreement (Equistar Funding Corp)

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