Other General Principles of Distribution Sample Clauses

The 'Other General Principles of Distribution' clause outlines additional foundational rules and guidelines that govern how products or services are distributed under the agreement. This clause may address topics such as compliance with applicable laws, ethical standards, or the responsibilities of each party in the distribution process. For example, it might require distributors to adhere to certain marketing practices or to avoid conflicts of interest. Its core function is to ensure that all parties operate under a clear set of expectations, thereby reducing misunderstandings and promoting fair, consistent distribution practices.
Other General Principles of Distribution. 40 Section 8.06. Capital Account. 43 Section 8.07. Allocations. 44 Section 8.08. Special Allocations. 45 Section 8.09. Revaluations. 46
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Other General Principles of Distribution. ‌ (a) Except as expressly provided in this Agreement, the General Partner will be solely responsible for making all determinations, in its sole and absolute discretion, of the amounts, timing, and type of all distributions, if any. The General Partner, in its sole discretion, may effect distributions (i) in cash, (ii) in the event the Partnership has received a distribution of property other than cash from a Fund Investment, by transfer to a Partner of such property or other assets of the Partnership, whether or not readily marketable, the fair market value of which would satisfy the distribution amount of the Partner or (iii) in any combination of the foregoing.‌ (b) The right of any Partner to have received a distribution amount pursuant to the provisions of this Article VII is subject to the provision by the General Partner for all Partnership liabilities and for reserves for contingencies. After the need therefor will have ceased, the unused portion of any reserve pursuant to this Section 7.3 will be distributed to the Partners as herein provided. The distribution of any part of the capital of a Partner without provision for reserves for contingencies will not extinguish the obligation of such Partner to bear such Partner’s share of all losses, liabilities or expenses attributable to a period during which the Partner was a Partner of the Partnership. (c) Except as otherwise required by law, the General Partner will not be obligated to contribute cash or other assets to the Partnership to make up deficits in the Capital Accounts of the Partners either during the term of the Partnership or upon liquidation. (d) The Partnership will not make a distribution to a Partner to the extent that at the time of the distribution, after giving effect to the distribution, all liabilities of the Partnership (other than liabilities to Partners on account of their Capital Contribution Percentage and liabilities for which the recourse of creditors is limited to specified property of the Partnership) exceed the fair market value of the assets of the Partnership. (e) A Partner who receives a distribution in violation of Section 7.3(d), and who did know at the time of the distribution that the distribution violated Section 7.3(d), will be liable to the Partnership for the amount of the distribution (as applicable), together with interest thereon. A Partner who receives a distribution in violation of Section 7.3(d), and who did not know at the time of the distribution that th...
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Other General Principles of Distribution. 66677181_14
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Other General Principles of Distribution 
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Related to Other General Principles of Distribution

  • Requirement and Characterization of Distributions Subject to the rights of any Holder of any Partnership Interest set forth in a Partnership Unit Designation, the General Partner may cause the Partnership to distribute such amounts, at such times, as the General Partner may, in its sole and absolute discretion, determine, to the Holders as of any Partnership Record Date: (i) first, with respect to any Partnership Units that are entitled to any preference in distribution, in accordance with the rights of Holders of such class(es) of Partnership Units (and, within each such class, among the Holders of each such class, pro rata in proportion to their respective Percentage Interests of such class on such Partnership Record Date); and (ii) second, with respect to any Partnership Units that are not entitled to any preference in distribution, in accordance with the rights of Holders of such class(es) of Partnership Units, as applicable (and, within each such class, among the Holders of each such class, pro rata in proportion to their respective Percentage Interests of such class on such Partnership Record Date). Distributions payable with respect to any Partnership Units, other than any Partnership Units issued to the General Partner in connection with the issuance of REIT Shares by the General Partner, that were not outstanding during the entire quarterly period in respect of which any distribution is made shall be prorated based on the portion of the period that such Partnership Units were outstanding. The General Partner shall make such reasonable efforts, as determined by it in its sole and absolute discretion and consistent with the General Partner’s qualification as a REIT, to cause the Partnership to distribute sufficient amounts to enable the General Partner, for so long as the General Partner has determined to qualify as a REIT, to pay stockholder dividends that will (a) satisfy the requirements for qualifying as a REIT under the Code and Regulations (the “REIT Requirements”) and (b) except to the extent otherwise determined by the General Partner, eliminate any U.S. federal income or excise tax liability of the General Partner. Notwithstanding anything in the forgoing to the contrary, a Holder of LTIP Units will only be entitled to distributions with respect to an LTIP Unit as set forth in Article 16 hereof and in making distributions pursuant to this Section 5.1, the General Partner of the Partnership shall take into account the provisions of Section 16.4 hereof.

  • Payment of Deferred Underwriting Commission on Business Combination Upon the consummation of the Company’s initial Business Combination, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to the Underwriters, in accordance with Section 1.3.

  • CFR PART 200 Domestic Preferences for Procurements As appropriate and to the extent consistent with law, the non-Federal entity should, to the greatest extent practicable under a Federal award, provide a preference for the purchase, acquisition, or use of goods, products, or materials produced in the United States (including but not limited to iron, aluminum, steel, cement, and other manufactured products). The requirements of this section must be included in all subawards including all contracts and purchase orders for work or products under this award. For purposes of 2 CFR Part 200.322, “Produced in the United States” means, for iron and steel products, that all manufacturing processes, from the initial melting stag through the application of coatings, occurred in the United States. Moreover, for purposes of 2 CFR Part 200.322, “Manufactured products” means items and construction materials composed in whole or in part of non-ferrous metals such as aluminum, plastics and polymer-based products such as polyvinyl chloride pipe, aggregates such as concrete, class, including optical fiber, and lumber. Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, Vendor certifies that to the greatest extent practicable Vendor will provide a preference for the purchase, acquisition, or use of goods, products, or materials produced in the United States (including but not limited to iron, aluminum, steel, cement, and other manufactured products). Does vendor agree? Yes

  • Completion of Distribution The Fiscal Agent, or as the case may be, the Registrar agrees with the Issuer that, in relation to any Tranche of Notes which is sold to or through more than one Dealer, to the extent that it is notified by each Relevant Dealer that the distribution of the Notes of that Tranche purchased by such Relevant Dealer is complete, it will notify all the Relevant Dealers of the completion of distribution of the Notes of that Tranche.

  • How Are Contributions to a ▇▇▇▇ ▇▇▇ Reported for Federal Tax Purposes You must file Form 5329 with the IRS to report and remit any penalties or excise taxes. In addition, certain contribution and distribution information must be reported to the IRS on Form 8606 (as an attachment to your federal income tax return.)