Common use of Deemed Distributions Clause in Contracts

Deemed Distributions. Any amounts withheld by the General Partner in accordance with Section 6.7(a) shall nevertheless, for purposes of this Agreement, be deemed to have been distributed to the Limited Partners in respect of which they are withheld.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Ashford Hospitality Trust Inc), Limited Partnership Agreement (Ashford Hospitality Trust Inc)

Deemed Distributions. Any amounts withheld or offset by the General Partner in accordance with Section 6.7(a5.2(a) or 5.2(b) shall nevertheless, for purposes of this Agreement, be deemed to have been distributed to the Limited Partners Partner in respect of which they are withheld.

Appears in 1 contract

Sources: Commitment Letter (Central European Distribution Corp)