Examples of Adjusted Capital Balance in a sentence
Upon a Refinancing and upon a Sale that does not constitute a Sale of all or substantially all of the Facilities or Operating Partnership Interests, Net Proceeds from a Refinancing or Net Proceeds from a Sale, as the case may be, shall be distributed, credited and applied in the following order of priority: (i) First, to the Investors until each Investor has received an amount equal to his unpaid Preferred Return, if any, and then his Adjusted Capital Balance.
Any commissions paid to the General Partners and their Affiliates will be limited to one-half of the competitive real estate commission for like properties located in the same geographic area not to exceed 3% of the contract price for the Sale of the Facility, and will be subordinated to the payment to Investors of their Adjusted Capital Balance plus the unpaid portion, if any, of their Preferred Return.
CORDISH PREFERRED RETURN: A per annum rate equal to 6.0% per annum on Cordish's Adjusted Capital Balance as adjusted from time to time, provided, however, that such rate shall be pro rated for each Fiscal Year of the Company which is less than twelve (12) full months.
Any commissions paid to the General Partners or their Affiliates will be limited to a maximum of 1.5% of the contract price for the Sale of the Property, and will be subordinated to the payment to Unitholders of their Adjusted Capital Balance plus the unpaid portion, if any, of their Cumulative Return.
Net Cash Flow, if any, for each year shall be distributed and applied by the Partnership in the following order of priority: (i) First, 98% to the Unitholders, 1% to the Development General Partner, and 1% to the Administrative General Partner, until each Unitholder has received an amount equal to 10% of his Adjusted Capital Balance.