Net Sale Proceeds. Subject to the other provisions of this Article 5 and to the provisions of Sections 13.2 and 16.3, the General Partner shall cause the Partnership to distribute, on each Distribution Date, Net Sale Proceeds, determined by the General Partner in its sole discretion to the Limited Partners, the Special Limited Partner and the General Partner, as of the applicable Partnership Record Date, as follows:
Appears in 4 contracts
Samples: Management Agreement (Preferred Apartment Communities Inc), Preferred Apartment Communities Inc, Preferred Apartment Communities Inc
Net Sale Proceeds. Subject to the other provisions of this Article 5 and to the provisions of Sections 13.2 13.2, 16.3 and 16.318.3, the General Partner shall cause the Partnership to distribute, on each Distribution Date, Net Sale Proceeds, determined by the General Partner in its sole discretion to the Limited Partners, the Special Limited Partner Partners and the General Partner, as of the applicable Partnership Record Date, as follows:
Appears in 2 contracts
Samples: Preferred Apartment Communities Inc, Preferred Apartment Communities Inc
Net Sale Proceeds. Subject to the other provisions of this Article 5 and to the provisions of Sections 13.2 and 16.3, the General Partner shall cause the Partnership to distribute, on each Distribution Date, Net Sale Proceeds, determined by the General Partner in its sole discretion to the Limited Partners, the Special Limited Partner Partners and the General Partner, as of the applicable Partnership Record Date, as follows:
Appears in 1 contract
Samples: Preferred Apartment Communities Inc
Net Sale Proceeds. Subject to the other provisions of this Article 5 and to the provisions of Sections 13.2 13.2, 16.3 and 16.317.4, the General Partner shall cause the Partnership to distribute, on each Distribution Date, Net Sale Proceeds, determined by the General Partner in its sole discretion to the Limited Partners, the Special Limited Partner and the General Partner, as of the applicable Partnership Record Date, as follows:
Appears in 1 contract
Samples: Preferred Apartment Communities Inc