Common use of Subsequent Distributions Clause in Contracts

Subsequent Distributions. If at any time (whether before or after termination of the Partnership) any of the funds placed in reserve(s)under this Article are released because, in the opinion of the Liquidating Manager, the need for the reserve(s) has ended, the funds will be distributed in accordance with this Article.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Walden Residential Properties Inc), Limited Partnership Agreement (Walden Residential Properties Inc)