First Admission Date definition
Examples of First Admission Date in a sentence
Payment of such distribution shall be made quarterly approximately 60 days after the end of the fiscal quarter in which the First Admission Date occurs, and approximately 60 days after the end of each fiscal quarter thereafter, through the fiscal quarter in which the Final Admission Date occurs and, in any event, such distributions shall be made prior to, and without regard to, any other cash distributions to which Holders of Interests are entitled hereunder.
The Missouri Limited Partner made a Capital Contribution of $5.00 to the Partnership on the First Admission Date and the balance of its Capital Contribution in the amount of $220,667 has been or will be paid to the Partnership on or prior to Permanent Mortgage Commencement.
Profits or Losses incurred for the period form any such First Admission Date or Later Admission Date through the next succeeding Later Admission Date will be allocated on the basis of an interim closing of the Partnership's books on such Later Admission Date.
Such Profits or Losses shall be determined on the basis of an interim closing of the Partnership's books on the First Admission Date.
In the event that there are Later Admission Dates, all Profits or Losses allocable to the holders of Interests for the period from the First Admission Date or any such Later Admission Date through the next succeeding Later Admission Date will be allocated in accordance with Section 4.3A solely to the Holders of Interests as of or prior to such preceding First Admission date or Later Admission Date.