Examples of Deferred Distribution Amount in a sentence
In the event that there is insufficient Available Cash to pay the entire Deferred Distribution Amount after receipt of the Deferred Distribution Termination Notice, the Deferring Limited Partner will receive quarterly payments to the extent of Available Cash as determined by the General Partner until the Deferred Distribution Amount is paid in full.
The Deferring Limited Partners will be entitled to receive the Deferred Distribution Amount without interest upon a notice of request by the Deferring Limited Partner (“Notice”), and future dividends from the Company may be reduced in order to repay the Deferred Distribution Amount, although dividends will not be reduced below the level required to maintain our status as a REIT.
The deferral will not otherwise affect the rights of any of the limited partners.Any such Deferred Distribution Amount will be paid to a Deferring Limited Partner from available cash as determined by the Manager after giving consideration to the operating expenses and other obligations of the Operating Partnership at the time of the distribution (“Available Cash”).
Subject to Section 5.2, any such Deferred Distribution Amount shall be paid to such Partner from available cash as determined by the General Partner after giving consideration to the operating expenses and other obligations of the Partnership at the time of the distribution (“Available Cash”).