Common use of Distributions and Withdrawals Clause in Contracts

Distributions and Withdrawals. No Partner shall be entitled to make withdrawals from the Partnership except to the extent of distributions made pursuant to the express provisions of this Agreement. Distributions may be made in cash or in property, or partly in each, but no Partner shall have the right to require that a distribution be made other than in immediately available funds.

Appears in 2 contracts

Sources: Partnership Agreement (Dividend Capital Total Realty Trust Inc.), Partnership Agreement (Dividend Capital Total Realty Trust Inc.)

Distributions and Withdrawals. No Partner shall be entitled to make withdrawals from the Partnership except to the extent of distributions made pursuant to the express provisions of this Agreement. Distributions may be made in cash or in property, property or partly in each, but no . No Partner shall have the right to require that a distribution be made other than in immediately available fundscash, except as expressly provided otherwise in this Agreement.

Appears in 1 contract

Sources: Limited Partnership Agreement (FNB Financial Services, LP)