Time for Return of Contributions Sample Clauses

Time for Return of Contributions. No Partner shall be entitled to compel the return of its Capital Contribution. Upon the full and complete winding up and liquidation of the business and affairs of the Partnership, the Partners shall be entitled to distributions as set forth in Article X.
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Time for Return of Contributions. None of the Partners, either General or Limited, shall be entitled to a return of the capital contribution made by any of them until the full and complete winding up and liquidation of the business and affairs of the Partnership, except as may be permitted pursuant to Article VI hereof; provided, however, that any proceeds of the offering (together with a pro rata amount of Organization and Offering Expenses, including in this regard sales commissions paid to affiliated broker-dealers) not invested within the later of two years after commencement of the offering or one year after the termination of the offering shall be distributed to the Limited Partners of record together with any undistributed interest earned by the Partnership on such funds.
Sample 1
Time for Return of Contributions. None of the Partners, either General or Limited, shall be entitled to a return of the Capital Contributions made by any of them until the full and complete winding up and liquidation of the business and affairs of the Partnership, except as may be permitted pursuant to Section 3.08 and Article VI hereof; provided, however, that those portions of the proceeds of a public offering of Units raised during the first year of such offering which have not been lent or otherwise invested, reserved for contingent or future payments or committed (evidenced by executed written agreements in principle or letters of understanding) in permitted loans or otherwise reserved (in an amount up to 20% of initial Capital Contributions) for working capital and contingencies in such amount as the General Partner(s) deem reasonable within two (2) years of the effective date of the qualification of the sale of Units in such offering shall be distributed to the Limited Partners who purchased such Units in proportion to the number of such Units so purchased, and such limitation shall apply by analogy to any proceeds raised during second and subsequent years of a public offering. Any such prior return of Capital Contributions shall be subject to compliance with the provisions of California Corporations Code Section 15516.
Sample 1
Time for Return of Contributions. 9 TABLE OF CONTENTS (continued)
Sample 1
Time for Return of Contributions. None of the Partners, either General or Limited, shall be entitled to a return of the capital contribution made by any of them until the full and complete winding up and liquidation of the business and affairs of the Partnership, except as may be permitted pursuant to Article VI hereof; provided, however, that those portions of the proceeds of a public offering of Units raised during the first year of such offering which have not been invested, committed for investment (evidenced by executed written agreements in principle or letters of understanding) in investment properties within two (2) years of the effective date of the qualification of the sale of Units in such offering shall, and such offering proceeds (except for necessary operating capital) which is committed for investment within such two year period, but not actually invested within 12 months from the date of commitment, shall be distributed to the Limited Partners who purchased such Units in pr oportion to the number of such Units so purchased and such limitation shall apply by analogy to any proceeds raised during second and subsequent years of a public offering.
Sample 1
Time for Return of Contributions. None of the Partners, either General or Limited, shall be entitled to a return of the capital contribution made by any of them until the full and complete winding up and liquidation of the business and affairs of the Partnership, except as may be permitted pursuant to Article VI hereof; provided, however, that those portions of the proceeds of a public offering of Units raised during the first year of such offering which have not been invested, committed for investment (evidenced by executed written agreements in principle or letters of understanding) in investment properties within two (2) years of the effective date of the qualification of the sale of Units in such offering shall be distributed to the Limited Partners who purchased such Units in proportion to the number of such Units so purchased.
Sample 1
Time for Return of Contributions. None of the Partners, either General or Limited, shall be entitled to a return of the capital contribution made by any of them until the full and complete winding up and liquidation of the business and affairs of the Partnership, except as may be permitted pursuant to Article VI hereof; provided, however, that those portions of the proceeds of a public offering of Units which have not been invested or committed for investment (evidenced by executed written agreement in principle or letters of understanding) in properties within two (2) years of the effective date of the registration of the Units in such offering shall be distributed to the Limited Partners of record together with any undistributed interest earned by the Partnership on such funds, and the General Partners will return to Limited Partners a proportionate share of Partnership Organization and Offering Expenses (other than selling commissions paid to independent broker dealers) along with the uninvested proceeds of the offering.
Sample 1
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Related to Time for Return of Contributions

  • Return of Contributions The General Partner shall not be personally liable for, and shall have no obligation to contribute or loan any monies or property to the Partnership to enable it to effectuate, the return of the Capital Contributions of the Limited Partners or Unitholders, or any portion thereof, it being expressly understood that any such return shall be made solely from Partnership assets.

  • ALLOCATION OF CONTRIBUTIONS If the application is in good order, the initial Contribution will be applied within two Business Days of receipt at the Retirement Resource Operations Center. During the right to cancel period, all Contributions will be allocated in one or more of the Sub-Account(s) as specified in the application. During the right to cancel period, the Owner may change the allocations to the Sub-Accounts. Subsequent Contributions will be allocated to the Annuity Account in the proportion Requested by the Owner. If there are no accompanying instructions, then allocations will be made in accordance with standing instructions. Allocations will be effective upon the Transaction Date.

  • Limitations on Return of Capital Contributions Notwithstanding any of the provisions of this Article 5, no Partner shall have the right to receive and the General Partner shall not have the right to make, a distribution that includes a return of all or part of a Partner’s Capital Contributions, unless after giving effect to the return of a Capital Contribution, the sum of all Partnership liabilities, other than the liabilities to a Partner for the return of his Capital Contribution, does not exceed the fair market value of the Partnership’s assets.

  • Catch-Up Contributions Unless otherwise elected in Section 2.4 of this amendment, all employees who are eligible to make elective deferrals under this plan and who have attained age 50 before the close of the plan year shall be eligible to make catch-up contributions in accordance with, and subject to the limitations of, Section 414(v) of the Code. Such catch-up contributions shall not be taken into account for purposes of the provisions of the plan implementing the required limitations of Sections 402(g) and 415 of the Code. The plan shall not be treated as failing to satisfy the provisions of the plan implementing the requirements of Section 401(k)(3), 401(k)(11), 401(k)(12), 410(b), or 416 of the Code, as applicable, by reason of the making of such catch-up contributions.

  • Qualified Matching Contributions If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):

  • Net Asset Value, Distributions, and Redemptions Section 1. Determination of Net Asset Value, Net Income, and Distributions. Subject to Article III, Section 6 hereof, the Trustees, in their absolute discretion, may prescribe and shall set forth in the By-laws or in a duly adopted resolution of the Trustees such bases and time for determining the per Share net asset value of the Shares of any Series and the declaration and payment of dividends and distributions on the Shares of any Series, as they may deem necessary or desirable.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Return of Contribution Nonrecourse to Other Members Except as provided by law or as expressly provided in this Operating Agreement, upon dissolution, each Member shall look solely to the assets of the Company for the return of its Capital Contribution. If the Company property remaining after the payment or discharge of the debts and liabilities of the Company is insufficient to return the cash contribution of one or more Members, such Member or Members shall have no recourse against any other Member.

  • Equity Contributions Make, or permit any Significant Subsidiary to make, any equity contributions to any Unregulated Subsidiary; provided, however, that this Section 5.03(h) shall not restrict or otherwise apply to (i) any such equity contributions that are required by Applicable Law or court order or (ii) any intercompany advances made to any Unregulated Subsidiary (including, without limitation, pursuant to the Unregulated Money Pool Agreement) that are recharacterized by a court or other Governmental Authority as equity contributions.

  • Adjustments for Dividends, Distributions, Stock Splits, Etc (1) In case the Company shall pay or make a dividend or other distribution on any class of Common Stock of the Company in Common Stock, the Settlement Rate in effect at the opening of business on the day following the date fixed for the determination of stockholders entitled to receive such dividend or other distribution shall be increased by dividing such Settlement Rate by a fraction of which the numerator shall be the number of shares of Common Stock outstanding at the close of business on the date fixed for such determination and the denominator shall be the sum of such number of shares and the total number of shares constituting such dividend or other distribution, such increase to become effective immediately after the opening of business on the day following the date fixed for such determination. For the purposes of this paragraph (1), the number of shares of Common Stock at any time outstanding shall not include shares held in the treasury of the Company but shall include shares issuable in respect of scrip certificates issued in lieu of fractions of shares of Common Stock. The Company will not pay any dividend or make any distribution on shares of Common Stock held in the treasury of the Company.

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