Distributions Allocations of Profits and Losses Sample Clauses

Distributions Allocations of Profits and Losses. SECTION 5.1

Distributions Allocations of Profits and Losses. 14 5.1 Generally................................................ 14 5.2 Distributions............................................ 14 5.3

Distributions Allocations of Profits and Losses. 31 Section 9.1 Generally 31 Section 9.2 Allocation of Profit and Loss 31 Section 9.3 Special Allocations 32 Section 9.4 Amounts Withheld 33 Section 9.5 Tax Allocations: Code Section 704(c) 33 Section 9.6 Allocation of Income and Loss 34 Section 9.7 Preparation of Tax Returns 34 Section 9.8 Tax Elections 34 Section 9.9 Tax Matters 34 Section 9.10 Withholding 35

Distributions Allocations of Profits and Losses. 6.1. DISTRIBUTIONS OF DISTRIBUTABLE CASH. Within twenty (20) days following the end of each month, the Partnership shall distribute Distributable Cash, if any, in the following order of priority: (a) First, to the Partners in proportion to their respective Additional Capital Contribution Account balances until their respective Additional Capital Contribution Account balances are reduced to zero; (b) Next, to the Partners in proportion to their respective Initial Capital Contribution Account balances until their respective Initial Capital Contribution Account balances are reduced to zero; (c) Next, to the Class A Limited Partner until the Class A Limited Partner has received the Preferred Return on its Capital Contributions; (d) Next, to the Class B Limited Partners until the Class B Limited Partners have received the Preferred Return on their Capital Contributions; and

Distributions Allocations of Profits and Losses. 6.1. DISTRIBUTIONS OF DISTRIBUTABLE CASH FROM OPERATIONS. Within twenty (20) days following the end of each calendar quarter, the Partnership shall distribute Distributable Cash (other than Distributable Cash arising from a Capital Transaction) in the following order of priority: (a) First, to the General Partner and the Class A Limited Partner in proportion to their respective Additional Capital Contribution Account balances until their respective Additional Capital Contribution Account balances are reduced to zero; (b) Next, to the General Partner and the Class A Limited Partner in proportion to their respective Initial Capital Contribution Account balances until their respective Initial Capital Contribution Account balances are reduced to zero; (c) The balance, to the General Partner and the Class A Limited Partner, in proportion to their respective Residual Percentages.

Distributions Allocations of Profits and Losses. 6.1 DISTRIBUTIONS OF DISTRIBUTABLE CASH. Within twenty (20) days following the end of each month (unless Approval by Partnership Vote is otherwise obtained), the Partnership shall distribute Distributable Cash in the following order of priority: (a) First, to the Partners in proportion to their respective Additional Capital Contribution Account balances until their respective Additional Capital Contribution Account balances are reduced to zero; (b) Next, to the Partners in proportion to their respective Initial Capital Contribution Account balances until their respective Initial Capital Contribution Account balances are reduced to zero; and (c) Next, to the Partners, pro rata in accordance with their Residual Percentages (as calculated pursuant to clause (b) of the definition of such term).

Distributions Allocations of Profits and Losses. 6.1 DISTRIBUTIONS OF DISTRIBUTABLE CASH FROM OPERATIONS. Within twenty (20) days following the end of each calendar quarter, the Partnership shall distribute Distributable Cash (other than Distributable Cash arising from a Capital Transaction) in the following order of priority: (a) First, to the Class A Limited Partner until the Class A Limited Partner shall have received distributions resulting from its investment in the Partnership sufficient to provide an annual IRR Return of eighteen percent (18%) to the Class A Limited Partner (including the return of the Capital Contribution Balance of the Class A Limited Partner), it being agreed that funds distributed pursuant to this clause shall be applied first to pay an economic return on the Capital Contribution Balance of the Class A Limited Partner and then to reduce the Capital Contribution Balance of the Class A Limited Partner; and (b) Next, sixty percent (60%) to the Class A Limited Partner and forty percent (40%) to the Class B Partners, in proportion to their respective Class B Partnership Interests. 6.2 DISTRIBUTIONS OF DISTRIBUTABLE CASH FROM A CAPITAL TRANSACTION. As soon as reasonably practicable after the occurrence of a Capital Transaction, the Partnership shall distribute Distributable Cash resulting from such Capital Transaction in the following order of priority: (a) First, to the Class A Limited Partner until the Class A Limited Partner shall have received distributions resulting from its investment in the Partnership sufficient to provide an annual IRR Return of eighteen percent (18%) to the Class A Limited Partner (including the return of the entire Capital Contribution Balance of the Class A Limited Partner), it being agreed that funds distributed pursuant to this clause shall be applied first to pay an economic return on the Capital Contribution Balance of the Class A Limited Partner and then to reduce the Capital Contribution Balance of the Class A Limited Partner; and (b) Next, sixty percent (60%) to the Class A Limited Partner and forty percent (40%) to the Class B Partners, in proportion to their respective Class B Partnership Interests.

Distributions Allocations of Profits and Losses. 6.1 DISTRIBUTIONS OF DISTRIBUTABLE CASH. Within twenty (20) days following the end of each month (unless otherwise approved by a Partnership Vote), the Partnership shall distribute Distributable Cash in the following order of priority: (a) First, to the General Partner and the Class A Limited Partners in proportion to their respective Additional Capital Contribution Account balances until their respective Additional Capital Contribution Account balances are reduced to zero; (b) Next, to the General Partner and the Class A Limited Partners in proportion to their respective Initial Capital Contribution Account balances until their respective Initial Capital Contribution Account balances are reduced to zero; (c) Next, to the General Partner and the Class A Limited Partners, pro rata in accordance with their Residual Percentages until the General Partner and the Class A Limited Partners have received distributions sufficient to provide an IRR of fifteen percent (15%) to such Partners; (d) Next, seventy five percent (75%) to the General Partner and the Class A Limited Partners, pro rata in accordance with their Residual Percentages, and twenty five percent (25%) to the Class B Limited Partner, until the General Partner and the Class A Limited Partners have received distributions sufficient to provide an IRR of twenty percent (20%) to such Partners; and (e) Thereafter, fifty percent (50%) to the General Partner and the Class A Limited Partners, pro rata in accordance with their Residual Percentages, and fifty percent (50%) to the Class B Limited Partner.

Distributions Allocations of Profits and Losses. Distributions of cash or other assets of the Partnership shall be made at such times and in such amounts as the General Partner may determine in accordance with each Partner’s percentage of Interests in the Partnership. Except as otherwise required by the Internal Revenue Code of 1986, as amended, all items of income, gain, loss, deduction and credit as determined for book and federal income tax purposes shall be allocated to the Partners in accordance with each Partner’s percentage of Interests in the Partnership.