Unimproved. or non-income producing property shall not be acquired except in amounts and upon terms which can be financed by the net proceeds derived from the sale of limited partner interests. No more than 10% of the net proceeds derived from Distributable Cash from Operations.
Appears in 4 contracts
Sources: Agreement of Limited Partnership (Carey Diversified Properties LLC), Limited Partnership Agreement (Carey Diversified Properties LLC), Agreement of Limited Partnership (Carey Diversified Properties LLC)
Unimproved. or non-income producing property shall not be acquired except in amounts and upon terms which can be financed by the net proceeds derived from the sale of limited partner interests. No more than 10% of the net proceeds derived from Distributable Cash from From Operations.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Carey Diversified Properties LLC), Agreement of Limited Partnership (Carey Diversified Properties LLC)
Unimproved. or non-income producing property shall not be acquired except in amounts and upon terms which can be financed by the net proceeds derived from the sale of limited partner interests. No more than 10% of the net proceeds derived from Distributable Cash from From Operations.
Appears in 1 contract
Sources: Agreement of Limited Partnership (Carey Diversified Properties LLC)