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LPA: Distributions


Abstract

Except as otherwise provided, distributions prior to the Dissolution of the Partnership shall be made in accordance with the provisions of this section of a limited partnership. The General Partner oversees the dissolution. The General Partner may, in its sole and absolute discretion, elect to defer receipt of any portion of any distribution to which it is otherwise entitled. In addition, the General Partner may vary the apportionment among the Partners of an in-kind distribution as necessary to avoid the distribution of fractional interests in Portfolio Securities.