Distributions of NPI Partnership Funds. The Distributable Cash of the NPI Partnership shall be distributed simultaneously to the Limited Partnership and the Managing Partner within 45 days after the close of each calendar quarter. Each Partner's share of each such distribution of Distributable Cash other than as specified in Section 5.3G shall be based on the ratio of their respective positive Capital Account balances, such balances being determined after giving effect to the allocations set forth in Sections 5.3 and 5.4 for such period. All distributions of Distributable Cash, including sales proceeds pursuant to Section 5.3G, shall reduce dollar-for-dollar the balances of the Partners' Capital Accounts.
Appears in 6 contracts
Samples: Geodyne Institutional Pension Energy Income P-2 LTD Ptnship, Geodyne Institutional Pension Energy Income P-2 LTD Ptnship, Geodyne Institutional Pension Energy Income P-2 LTD Ptnship
