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 (40% before dilution) of Partnership Cash Flow, Partnership Sales Proceeds and Partnership Refinancing Proceeds as provided by the Partnership Agreement. See "Summary of the Partnership Agreement - Profits, Losses and Distributions" and the Partnership Agreement attached as Appendix A.

Appears in 1 contract

Sources: Confidential Private Placement Memorandum (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 (4041.62% before dilution) of Partnership Cash Flow, Partnership Sales Proceeds and Partnership Refinancing Proceeds as provided by the Partnership Agreement. See "Summary of the Partnership Agreement - Profits, Losses and Distributions" and the Partnership Agreement attached as Appendix A.

Appears in 1 contract

Sources: Confidential Private Placement Memorandum (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 (40% 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

Sources: Confidentiality Agreement (Prime Medical Services Inc /Tx/)