No borrowings. In no event shall funds be advanced or borrowed by the Partnership for distributions to the Managing General Partner and the Participants if the amount of the distributions would exceed the Partnership’s accrued and received revenues for the previous four quarters, less paid and accrued Operating Costs with respect to the revenues. The determination of revenues and costs shall be made in accordance with generally accepted accounting principles, consistently applied.
Appears in 9 contracts
Samples: Partnership Agreement (Atlas Resources Series 33-2013 L.P.), Certificate and Agreement (DGOC Series 18B LP), Certificate and Agreement (DGOC Series 18C LP)
No borrowings. In no event event, however, shall funds be advanced or borrowed by the Partnership for distributions to the Managing General Partner and the Participants if the amount of the distributions would exceed the Partnership’s 's accrued and received revenues for the previous four quarters, less paid and accrued Operating Costs with respect to the revenues. The determination of revenues and costs shall be made in accordance with generally accepted accounting principles, consistently applied.
Appears in 6 contracts
Samples: Limited Partnership Agreement (Atlas America Public 12 2003 Program), Certificate and Agreement (Atlas America Public #14-2004 L.P.), Certificate and Agreement (Atlas America Series 25-2004 a L P)
No borrowings. In no event event, however, shall funds be advanced or borrowed by the Partnership for distributions to the Managing General Partner and the Participants if the amount of the distributions would exceed the Partnership’s accrued and received revenues for the previous four quarters, less paid and accrued Operating Costs with respect to the revenues. The determination of revenues and costs shall be made in accordance with generally accepted accounting principles, consistently applied.
Appears in 3 contracts
Samples: Certificate and Agreement (Atlas America Public #14-2005 (A) LP), Certificate and Agreement (Atlas America Public #15-2005 Program), Certificate and Agreement (Atlas America Public #15-2005 (B) L.P.)
