Common use of No Right to Distributions in Kind Clause in Contracts

No Right to Distributions in Kind. Subject to Section 5.2(a) and the specific terms and rights of any outstanding class or series of Preferred Units, no Partner shall be entitled to demand property other than cash in connection with any distributions by the Partnership.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Sentio Healthcare Properties Inc), Securities Purchase Agreement (Sentio Healthcare Properties Inc)