Common use of Manner of Distribution Clause in Contracts

Manner of Distribution. Unless otherwise provided herein, all distributions to the Partners will be made as Automated Clearing House (ACH) deposits into an account designated by each Partner. If a Partner does not authorize the Company to make such ACH distributions into a designated Partner account, distributions to such Partner will be made by check and mailed to such Partner after deduction by the Company from each check of a Fifty Dollar ($50) processing fee.

Appears in 5 contracts

Sources: Limited Partnership Agreement (Energea Portfolio 5 LATAM LP), Limited Partnership Agreement (Energea Portfolio 4 USA LP), Limited Partnership Agreement (Energea Portfolio 3 Africa LP)