Common use of Allocation of Revenues Clause in Contracts

Allocation of Revenues. A. Investment Income will be allocated 99% to the Unit Holders and 1% to the General Partner. Except as otherwise provided in this Article Five and in Section 4.3F, until Payout, all other Partnership Revenues will be allocated 95% to the Unit Holders and 5% to the General Partner. After Payout, Revenues will be allocated 85% to the Unit Holders and 15% to the General Partner; provided, however, that if, at Payout, the total amount of cash distributed by the Partnership to the Unit Holders from the commencement of the Property Investment Period has averaged on a twelve-month basis an amount that is less than 12% of the Unit Holders' Subscriptions, the percentage of Revenues allocated to the General Partner will increase to only 10% and the Unit Holders will be allocated 90% thereof until such time, if ever, that the distributions to the Unit Holders from the commencement of the Property Investment Period reaches a twelve-month average equal to at least 12% of the Unit Holders' Subscriptions, at which time Revenues will thereafter be allocated 15% to the General Partner and 85% to the Unit Holders. As used herein the "

Appears in 5 contracts

Samples: Geodyne Energy Income LTD Partnership Iii-G, Geodyne Energy Income LTD Partnership Iii-G, Geodyne Energy Income LTD Partnership Iii-G

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Allocation of Revenues. A. Investment Income will be allocated 99% to the Unit Holders and 1% to the General Partner. Except as otherwise provided in this Article Five and in Section 4.3F, until Payout, all other Partnership Revenues will be allocated 95% to the Unit Holders and 5% to the General Partner. After Payout, Revenues will be allocated 85% to the Unit Holders and 15% to the General Partner; provided, however, that if, at Payout, the total amount of cash distributed by the Partnership to the Unit Holders from the commencement of the Property Investment Period has averaged on a twelve-month basis an amount that is less than 12% of the Unit Holders' Subscriptions, the percentage of Revenues allocated to the General Partner will increase to only 10% and the Unit Holders will be allocated 90% thereof until such time, if ever, that the distributions to the Unit Holders from the commencement of the Property Investment Period reaches a twelve-month average equal to at least 12% of the Unit Holders' Subscriptions, at which time Revenues will thereafter be allocated 15% to the General Partner and 85% to the Unit Holders. As used herein herein, the "

Appears in 2 contracts

Samples: Geodyne Institutional Pension Energy Inc LTD Partnership P-7, Geodyne Institutional Pension Energy Inc LTD Partnership P-7

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Allocation of Revenues. A. Investment Income will be allocated 99% to the Unit Holders and 1% to the General Partner. Except as otherwise provided in this Article Five and in Section 4.3F4. 3F, until Payout, all other Partnership Revenues will be allocated 95% to the Unit Holders and 5% to the General Partner. After Payout, Revenues will be allocated 85% to the Unit Holders and 15% to the General Partner; provided, however, that if, at Payout, the total amount of cash distributed by the Partnership to the Unit Holders from the commencement of the Property Investment Period has averaged on a twelve-month basis an amount that is less than 12% of the Unit Holders' Subscriptions, the percentage of Revenues allocated to the General Partner will increase to only 10% and the Unit Holders will be allocated 90% thereof until such time, if ever, that the distributions to the Unit Holders from the commencement of the Property Investment Period reaches a twelve-month average equal to at least 12% of the Unit Holders' Subscriptions, at which time Revenues will thereafter be allocated 15% to the General Partner and 85% to the Unit Holders. As used herein the "

Appears in 1 contract

Samples: Geodyne Energy Income LTD Partnership Iii-G

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