Common use of PARTNERSHIP DISTRIBUTIONS Clause in Contracts

PARTNERSHIP DISTRIBUTIONS. In its capacity as general partner of the Partnership, the General Partner is entitled to its distributable share (18.6%, before dilution) of Partnership Cash Flow, Partnership Sales Proceeds and Partnership Refinancing Proceeds as provided by the Partnership Agreement. The General Partner also owns a 15.81% (before dilution) limited partner interest in the Partnership, and is entitled to Distributions on account of such interest. See "Summary of the Partnership Agreement - Profits, Losses and Distributions" and the Partnership Agreement attached as Appendix A.

Appears in 1 contract

Samples: Prime Medical Services Inc /Tx/

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PARTNERSHIP DISTRIBUTIONS. In its capacity as general partner of the Partnership, the General Partner is entitled to its distributable share (18.6approximately 25.82%, before dilution) of Partnership Cash Flow, Partnership Sales Proceeds and Partnership Refinancing Proceeds as provided by the Partnership Agreement. The General Partner also owns a 15.81approximately an 8.65% (before dilution) limited partner interest in the Partnership, Partnership and is entitled to Distributions on account of such interest. See "Summary of the Partnership Agreement - Profits, Losses and Distributions" and the Partnership Agreement attached as Appendix A.A. The General Partner will also receive its proportionate share of any Offering proceeds distributed to the Initial Limited Partners. See "Sources and Applications of Funds."

Appears in 1 contract

Samples: Prime Medical Services Inc /Tx/

PARTNERSHIP DISTRIBUTIONS. In its capacity as general partner of the Partnership, the General Partner is entitled to its distributable share (18.6approximately 20.3%, before dilution) of Partnership Cash Flow, Partnership Sales Proceeds and Partnership Refinancing Proceeds as provided by the Partnership Agreement. The General Partner also owns approximately a 15.8115.8% (before dilution) limited partner interest in the Partnership, Partnership and is entitled to Distributions on account of such interest. See "Summary of the Partnership Agreement - Profits, Losses and Distributions" and the Partnership Agreement attached as Appendix A.A. The General Partner will also receive its proportionate share of any Offering proceeds distributed to the Initial Limited Partners. See "Sources and Applications of Funds."

Appears in 1 contract

Samples: Prime Medical Services Inc /Tx/

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PARTNERSHIP DISTRIBUTIONS. In its capacity as general partner of the Partnership, the General Partner is entitled to its distributable share (18.6%, 20% before dilution) of Partnership Cash Flow, Partnership Sales Proceeds and Partnership Refinancing Proceeds as provided by the Partnership Agreement. The General Partner also owns a 15.8112.33% (before dilution) limited partner interest in the Partnership, and . The General Partner is entitled to Distributions on account of such interest. See "Summary of the Partnership Agreement - Profits, Losses and Distributions" and the Partnership Agreement attached as Appendix A.A. The General Partner will also receive its proportionate share of the Offering proceeds distributed to existing Limited Partners. See "Sources and Applications of Funds."

Appears in 1 contract

Samples: Prime Medical Services Inc /Tx/

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