No borrowings. In no event shall funds be advanced or borrowed by the Partnership for distributions to the Managing General Partner and the Participants if the amount of the distributions would exceed the Partnership’s accrued and received revenues for the previous four quarters, less paid and accrued Operating Costs with respect to the revenues. The determination of revenues and costs shall be made in accordance with generally accepted accounting principles, consistently applied.
Appears in 9 contracts
Samples: Certificate and Agreement (DGOC Series 28, L.P.), Certificate and Agreement (Atlas America Series 27-2006 LP), Certificate and Agreement (Atlas Resources Public #17-2008 (B) L.P.)
No borrowings. In no event event, however, shall funds be advanced or borrowed by the Partnership for distributions to the Managing General Partner and the Participants if the amount of the distributions would exceed the Partnership’s 's accrued and received revenues for the previous four quarters, less paid and accrued Operating Costs with respect to the revenues. The determination of revenues and costs shall be made in accordance with generally accepted accounting principles, consistently applied.
Appears in 6 contracts
Samples: Escrow Agreement (Atlas America Public 11-2002 LTD), Certificate and Agreement (Atlas America Public #14-2004 L.P.), Certificate and Agreement (Atlas America Series 25-2004 B Lp)
No borrowings. In no event event, however, shall funds be advanced or borrowed by the Partnership for distributions to the Managing General Partner and the Participants if the amount of the distributions would exceed the Partnership’s accrued and received revenues for the previous four quarters, less paid and accrued Operating Costs with respect to the revenues. The determination of revenues and costs shall be made in accordance with generally accepted accounting principles, consistently applied.
Appears in 3 contracts
Samples: Certificate and Agreement (Atlas America Public #14-2005 (A) LP), Certificate and Agreement (Atlas America Public #15-2005 (B) L.P.), Certificate and Agreement (Atlas America Public #15-2005 Program)
