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

No Right to Distributions in Kind. No Partner shall be entitled to demand property other than cash in connection with any distribution by the Partnership but each Partner may be compelled to accept a distribution of assets in kind whether pro rata or non-pro rata as to each asset, in the sole discretion of the General Partner.

Appears in 2 contracts

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