Common use of First Tier Distributions Clause in Contracts

First Tier Distributions. The General Partner shall distribute to the Limited Partner from Net Cash Receipts an amount which is equal to a 19.5% rate-of-return on the current balance of the aggregate capital contributions of the Limited Partner outstanding from time-to-time (“First Tier Distributions”). Accrual of First Tier Distributions shall commence as of the date of receipt of the Limited Partner’s capital contribution to the Partnership. Accordingly, such payments of First Tier Distributions shall be payable during the term of this Agreement commencing with the effective date of this Agreement from Net Cash Receipts if and to the extent Net Cash Receipts are available for payment of First Tier Distributions.

Appears in 8 contracts

Samples: Estates Limited Partnership Agreement (National Credit & Guaranty CORP), Limited Partnership Agreement (National Credit & Guaranty CORP), River Pointe Limited Partnership Agreement (National Credit & Guaranty CORP)

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First Tier Distributions. The General Partner shall distribute to the Limited Partner from Net Cash Receipts an amount which is equal to a 19.519% rate-of-return on the current balance of the aggregate original capital contributions of the Limited Partner outstanding remaining unpaid from time-to-time (“First Tier Distributions”). Accrual of First Tier Distributions shall commence as of the date of receipt of the Limited Partner’s capital contribution to the Partnership. Accordingly, such payments of First Tier Distributions shall be payable during the term of this Agreement commencing with the effective date of this Agreement from Net Cash Receipts if and to the extent Net Cash Receipts are available for payment of First Tier Distributions.

Appears in 2 contracts

Samples: Limited Partnership Agreement (National Credit & Guaranty CORP), Kimball Cove Limited Partnership Agreement (National Credit & Guaranty CORP)

First Tier Distributions. The General Partner shall distribute to the Limited Partner from Net Cash Receipts an amount which is equal to a 19.520% rate-of-return on the current balance of the aggregate original capital contributions of the Limited Partner outstanding remaining unpaid from time-to-time (“First Tier Distributions”). Accrual of First Tier Distributions shall commence as of the date of receipt of the Limited Partner’s capital contribution to the Partnership. Accordingly, such payments of First Tier Distributions shall be payable during the term of this Agreement commencing with the effective date of this Agreement from Net Cash Receipts if and to the extent Net Cash Receipts are available for payment of First Tier Distributions.

Appears in 2 contracts

Samples: Partnership Agreement (National Credit & Guaranty CORP), Limited Partnership Agreement (National Credit & Guaranty CORP)

First Tier Distributions. The General Partner shall distribute to the Limited Partner from Net Cash Receipts an amount which is equal to a 19.518% rate-of-return on the current balance of the aggregate original capital contributions of the Limited Partner outstanding Partners remaining unpaid from time-to-time (“First Tier Distributions”). Accrual of First Tier Distributions shall commence as of the date of receipt of the Limited Partner’s Partners’ capital contribution to the Partnership. Accordingly, such payments of First Tier Distributions shall be payable during the term of this Agreement commencing with the effective date of this Agreement from Net Cash Receipts if and to the extent Net Cash Receipts are available for payment of First Tier Distributions.

Appears in 2 contracts

Samples: Limited Partnership Agreement (National Credit & Guaranty CORP), Huntington Chase Limited Partnership Agreement (National Credit & Guaranty CORP)

First Tier Distributions. The General Partner shall distribute to the Limited Partner from Net Cash Receipts an amount which is equal to a 19.5% rate-of-return on the current balance of the aggregate original capital contributions of the Limited Partner outstanding Partner’s remaining unpaid from time-to-time (“First Tier Distributions”). Accrual of First Tier Distributions shall commence as of the date of receipt of the Limited Partner’s capital contribution to the Partnership. Accordingly, such payments of First Tier Distributions shall be payable during the term of this Agreement commencing with the effective date of this Agreement from Net Cash Receipts if and to the extent Net Cash Receipts are available for payment of First Tier Distributions.

Appears in 2 contracts

Samples: Limited Partnership Agreement (National Credit & Guaranty CORP), Gables at Hiddenbrook Limited Partnership Agreement (National Credit & Guaranty CORP)

First Tier Distributions. The General Partner shall distribute to the Limited Partner from Net Cash Receipts an amount which is equal to a 19.5% rate-of-return on the current balance of the aggregate original capital contributions of the Limited Partner outstanding remaining unpaid from time-to-time (“First Tier Distributions”). Accrual of First Tier Distributions shall commence as of the date of receipt of the Limited Partner’s capital contribution to the Partnership. Accordingly, such payments of First Tier Distributions shall be payable during the term of this Agreement commencing with the effective date of this Agreement from Net Cash Receipts if and to the extent Net Cash Receipts are available for payment of First Tier Distributions.

Appears in 1 contract

Samples: Limited Partnership Agreement (National Credit & Guaranty CORP)

First Tier Distributions. The General Partner shall distribute to the Limited Partner from Net Cash Receipts an amount which is equal to a 19.5% rate-rate- of-return on the current balance of the aggregate capital contributions of the Limited Partner outstanding from time-to-time (“First Tier Distributions”). Accrual of First Tier Distributions shall commence as of the date of receipt of the Limited Partner’s capital contribution to the Partnership. Accordingly, such payments of First Tier Distributions shall be payable during the term of this Agreement commencing with the effective date of this Agreement from Net Cash Receipts if and to the extent Net Cash Receipts are available for payment of First Tier Distributions.

Appears in 1 contract

Samples: Waterford Limited Partnership Agreement (National Credit & Guaranty CORP)

First Tier Distributions. The General Partner shall distribute to the Limited Partner from Net Cash Receipts an amount which is equal to a 19.518% rate-of-return on the current balance of the aggregate original capital contributions of the Limited Partner outstanding Partners remaining unpaid from time-to-time (“First Tier Distributions”). Accrual of First Tier Distributions shall commence as of the date of receipt of the Limited Partner’s Partners’ capital contribution to the Partnership. Accordingly, such payments of First Tier Distributions shall be payable during the term of this Agreement commencing with the effective date of this Agreement from Net Cash Receipts if and to the extent Net Cash Receipts are available for payment of First Tier Distributions.

Appears in 1 contract

Samples: Limited Partnership Agreement (National Credit & Guaranty CORP)

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First Tier Distributions. The General Partner shall distribute to the Limited Partner from Net Cash Receipts an amount which is equal to a 19.518% rate-of-return on the current balance of the aggregate original capital contributions of the Limited Partner outstanding remaining unpaid from time-to-time (“First Tier Distributions”). Accrual of First Tier Distributions shall commence as of the date of receipt of the Limited Partner’s capital contribution to the Partnership. Accordingly, such payments of First Tier Distributions shall be payable during the term of this Agreement commencing with the effective date of this Agreement from Net Cash Receipts if and to the extent Net Cash Receipts are available for payment of First Tier Distributions.

Appears in 1 contract

Samples: Glen Townhomes Limited Partnership Agreement (National Credit & Guaranty CORP)

First Tier Distributions. The General Partner shall distribute to the Limited Partner from Net Cash Receipts an amount which is equal to a an 19.5% rate-of-return on the current balance of the aggregate capital contributions of the Limited Partner outstanding from time-to-time (“First Tier Distributions”). Accrual of First Tier Distributions shall commence as of the date of receipt of the Limited Partner’s capital contribution to the Partnership. Accordingly, such payments of First Tier Distributions shall be payable during the term of this Agreement commencing with the effective date of this Agreement from Net Cash Receipts if and to the extent Net Cash Receipts are available for payment of First Tier Distributions.

Appears in 1 contract

Samples: Indian Trails Limited Partnership Agreement (National Credit & Guaranty CORP)

First Tier Distributions. The General Partner shall distribute to the Limited Partner from Net Cash Receipts an amount which is equal to a 19.5% rate-of-return on the current balance of the aggregate capital contributions of the Limited Partner remaining outstanding from time-to-time (“First Tier Distributions”). Accrual of First Tier Distributions shall commence as of the date of receipt of the Limited Partner’s capital contribution to the Partnership. Accordingly, such payments of First Tier Distributions shall be payable during the term of this Agreement commencing with the effective date of this Agreement from Net Cash Receipts if and to the extent Net Cash Receipts are available for payment of First Tier Distributions.

Appears in 1 contract

Samples: Limited Partnership Agreement (National Credit & Guaranty CORP)

First Tier Distributions. The General Partner shall distribute to the Limited Partner from Net Cash Receipts an amount which is equal to a 19.5an 18% rate-of-return on the current balance of the aggregate original capital contributions of the Limited Partner outstanding remaining unpaid from time-to-time (“First Tier Distributions”). Accrual of First Tier Distributions shall commence as of the date of receipt of the Limited Partner’s capital contribution to the Partnership. Accordingly, such payments of First Tier Distributions shall be payable during the term of this Agreement commencing with the effective date of this Agreement from Net Cash Receipts if and to the extent Net Cash Receipts are available for payment of First Tier Distributions.

Appears in 1 contract

Samples: Farms Limited Partnership Agreement (National Credit & Guaranty CORP)

First Tier Distributions. The General Partner shall distribute to the Limited Partner Partners from Net Cash Receipts an amount which is equal to a 19.518% rate-of-return on the current balance of the aggregate original capital contributions of the Limited Partner outstanding remaining unpaid from time-to-time (“First Tier Distributions”). Accrual of First Tier Distributions shall commence as of the date of receipt of the Limited Partner’s capital contribution to the Partnership. Accordingly, such payments of First Tier Distributions shall be payable during the term of this Agreement commencing with the effective date of this Agreement from Net Cash Receipts if and to the extent Net Cash Receipts are available for payment of First Tier Distributions.

Appears in 1 contract

Samples: Partnership Agreement (National Credit & Guaranty CORP)

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