Capital Proceeds. Following the receipt by the Partnership of Capital Proceeds, a portion of such Capital Proceeds sufficient for each Limited Partner to pay its tax liabilities which arise in respect of the Capital Event giving rise to such Capital Proceeds, determined as set forth in Section 8.2 above, shall be distributed to the Limited Partners pursuant to Section 8.2 above. If the General Partner, in its sole discretion, determines that the Partnership shall distribute any remaining Capital Proceeds, such Capital Proceeds shall be distributed among the Limited Partners as follows:
Appears in 3 contracts
Samples: Limited Partnership Agreement (Motient Corp), Limited Partnership Agreement (Skyterra Communications Inc), Motient Corp
