No Distributions or Allocations Sample Clauses

No Distributions or Allocations. From and after the occurrence of any Event of Default described in clause (c), (d), (e), (f), (g), (i) or (j) of the definition thereof, and during the exercise of the Buy-Out Remedy as set forth herein, the Defaulting Partner shall not be entitled to receive any distributions of Available Cash or other Partnership property hereunder, but rather all Available Cash and other Partnership property that would otherwise be distributable to the Defaulting Partner shall be distributed to the Non-Defaulting Partner (to be applied as a credit to the Default Price) until the closing of the purchase of the Defaulting Partner’s Interest by the FMV Purchaser.
View Source

Related to No Distributions or Allocations

  • No Distributions Make any Distribution except Permitted Distributions.

  • Distributions and Allocations (i) Subject to Section 8.6(c), the Redeeming Partner shall have no right to receive any distributions that are paid after the Specified Redemption Date with respect to any Partnership Units redeemed pursuant to this Section 8.6. (ii) If any Partnership Interest is redeemed (other than pursuant to Section 8.6(c)) on any day other than the first day of a Fiscal Year, then Profit, Losses, each item thereof and all other items attributable to such Partnership Interest for such Fiscal Year shall be divided and allocated to the Redeeming Partner by taking into account the Redeeming Partner’s ownership of such Partnership Interest during the Fiscal Year in accordance with Section 706(d) of the Code, using the interim closing of the books method (unless the General Partner, in its sole and absolute discretion, elects to adopt a daily, weekly or monthly proration period, in which event Profits, Losses, each item thereof and all other items attributable to such redeemed Partnership Interest for such Fiscal Year shall be prorated based upon the applicable method selected by the General Partner).

  • Distributions to Members Section 9.1

  • No Distribution Except with respect to any Shares that may be offered and sold pursuant to the Registration Statement, Counterparty is not entering into the Transaction to facilitate a distribution of the Shares (or any security that may be converted into or exercised or exchanged for Shares, or whose value under its terms may in whole or in significant part be determined by the value of the Shares) or in connection with any future issuance of securities.