Allocation of Revenues. All revenues relating to the Designated Property shall be allocated as follows: (i) 100% to CWEI before Payout and (ii) 1% to CWEI and 99% to the Participants after Payout, apportioned among the Participants in proportion to the percentages listed on Exhibit A attached hereto.
Allocation of Revenues. (a) The parties acknowledge that all Net Revenues for periods commencing on and after December 1, 2000, shall be for the account of and belong to Transferee.
(b) Except as otherwise provided in this Section 3.03, (i) if Transferor shall at any time receive any distribution, payment or other amount in respect of a Container acquired by Transferee which has become, or which may become, due and payable with respect to any period of time after November 30, 2000, or which may arise from any act, event or circumstance which occurred after that date, then Transferor agrees to hold such amount in trust for the benefit of the Transferee and promptly to deliver said amount to Transferee; and (ii) if Transferee shall receive any distribution, payment or other amount which was due and payable under the Prior Management Agreements with respect to any period of time prior to December 1, 2000, then Transferee agrees to hold such amount in trust for the benefit of Transferor and promptly to deliver said amount to Transferor. If Cronos U.K. determines in its final reconciliation for periods ended on or prior to November 30, 2000, that Transferor has received pursuant to the Prior Management Agreements an excess distribution or otherwise owes Cronos U.K. any amount for such periods (any such excess or debt being referred to as a "Deficiency"), and Cronos U.K. asserts against or attempts to collect from Transferee any such Deficiency, through offset or otherwise, then Transferor or if, at such time, Transferor has dissolved or liquidated, Cronos shall, upon demand by Transferee, pay such Deficiency to Cronos U.K. or reimburse Transferee if and to the extent such Deficiency is paid by or assessed against Transferee.
Allocation of Revenues. In the event that individuals or groups purchase for a single price items which are both included and excluded from Gross Golf Revenue (e.g., green fees and dinner), then Tenant agrees that revenues shall be allocated to Gross Golf Revenue in a reasonable manner consistent with the historical allocation of such revenues.
Allocation of Revenues. In the event that individuals or groups purchase rooms, food and beverage and/or the use of other hotel facilities or services together or as part of a package, Lessee agrees that revenues shall be allocated among Room Revenues, Food Sales, Beverage Sales and/or other revenue categories, as applicable, in a reasonable manner consistent with the historical allocation of such revenues.
Allocation of Revenues. Seller shall own and receive (or receive credit in the Closing Statement or the Final Settlement Statement, as applicable, for) all proceeds from the sale of Hydrocarbons physically produced from or allocable to the Assets prior to the Effective Time (excluding Stock Hydrocarbons), and shall also receive (or receive credit in the Closing Statement or the Final Settlement Statement, as applicable, for) and hold the right to receive all other revenues, proceeds and benefits attributable to the Assets relating to all periods before the Effective Time. Buyer shall receive (or receive credit in the Closing Statement or the Final Settlement Statement, as applicable, for) all proceeds from the sale of Sale Hydrocarbons and Stock Hydrocarbons and shall also receive (or receive credit in the Closing Statement or the Final Settlement Statement, as applicable, for) and hold the right to receive all other revenues, proceeds and benefits attributable to the Assets which relate to all periods from and after the Effective Time.
Allocation of Revenues. A. Investment Income will be allocated 99% to the Unit Holders and 1% to the General Partner. Except as otherwise provided in this Article Five and in Section 4.3F, until Payout, all other Partnership Revenues will be allocated 95% to the Unit Holders and 5% to the General Partner. After Payout, Revenues will be allocated 85% to the Unit Holders and 15% to the General Partner; provided, however, that if, at Payout, the total amount of cash distributed by the Partnership to the Unit Holders from the commencement of the Property Investment Period has averaged on a twelve-month basis an amount that is less than 12% of the Unit Holders' Subscriptions, the percentage of Revenues allocated to the General Partner will increase to only 10% and the Unit Holders will be allocated 90% thereof until such time, if ever, that the distributions to the Unit Holders from the commencement of the Property Investment Period reaches a twelve-month average equal to at least 12% of the Unit Holders' Subscriptions, at which time Revenues will thereafter be allocated 15% to the General Partner and 85% to the Unit Holders. As used herein the "Property Investment Period" shall mean that period which begins with the first day of the calendar quarter following either (i) the calendar quarter during which 90% of the Partnership's capital available for purchasing Producing Properties has been so expended, or (ii) the calendar quarter in which 50% of the Partnership's capital available for purchasing Producing Properties has been so expended, as the General Partner shall elect. Where proceeds from the Sale of all or any part of the Partnership's Producing Properties are distributed to the Partners and a portion of the distributable amount attributable to such Sale proceeds is sufficient in amount to cause Payout to occur in accordance with the allocation percentages in effect until Payout, Payout shall be deemed to occur such that Revenues attributable to the distributed portion of such Sale proceeds in excess of the portion of Sales proceeds sufficient in amount to cause Payout to occur shall be allocated in accordance with the allocation percentages in effect after Payout.
Allocation of Revenues. (a) All revenues of the Partnership (which shall not include Capital Contributions and loans to the Partnership) shall be allocated and credited to the Partners as follows:
(i) Insurance proceeds shall be allocated among the Partners in the same proportions as costs and expenses were allocated and charged hereunder at the time of the accident or other occurrence giving rise to such insurance proceeds.
(ii) All revenues used to repay any principal, interest or other amounts owing with respect to any Partnership borrowings or indebtedness shall be allocated to the Partners in the same proportions as the costs and expenses paid with such borrowings or indebtedness were allocated to the Partners (and, with respect to any indebtedness to which any property acquired by the Partnership is subject at the time of its acquisition, in the same proportions as costs are allocated under Section 4.2 at the time such property is acquired by the Partnership).
(iii) After making the allocation provided for in Section 4.3(a)(ii) and taking into account the revenues allocated therein, all additional revenues resulting from the sale or other disposition of depletable property (as defined in Section 4.4(b)) shall be allocated, to the extent such revenues constitute a recovery of Simulated Basis of such property, to the Partners in the same percentages as the costs of the property sold were allocated up to an amount equal to each Partner's share of the Partnership's Simulated Basis in such property at the time of such sale. Thereafter, revenues resulting from any such sale or disposition shall be allocated to the Partners in a manner which will cause the aggregate of all revenues allocated to the Partners from such sale or disposition and all prior sales or other dispositions of depletable property (to the extent possible) to equal the amounts which would have been allocated under paragraph (iv) of this Section 4.3(a) in the absence of this paragraph (iii).
(iv) All other revenues of the Partnership not specifically allocated above shall be allocated 1% to the General Partner and 99% to the Limited Partners.
(b) All dry hole and bottom hole and similar contributions shall not be considered to be revenues hereunder but shall be applied to reduce the costs of the respective wellx xx which they relate.
Allocation of Revenues. Greenville County and Xxxxxxxx County shall receive an allocation of all revenue generated by the Park through payment of fees in lieu of ad valorem property taxes or from any other source (net of any special source revenue credits provided by either County) in the following proportions:
Allocation of Revenues. Seller shall be entitled to all operating revenues (and related accounts receivable) attributable to the Assets to the extent the foregoing relate to the period of time prior to the Effective Time and Buyer shall be entitled to all operating revenues (and related accounts receivable) attributable to the Assets to the extent the foregoing relate to the period of time from and after the Effective Time. Except for amounts accounted for in connection with the Preliminary Settlement Statement or the Final Settlement Statement, (a) if Buyer receives any funds to which Seller is entitled pursuant to the preceding sentence, then Buyer shall promptly, and in no event more than thirty (30) days after receipt, deliver such funds to Seller and (b) if Seller receives any funds to which Buyer is entitled pursuant to the preceding sentence, then Seller shall promptly, and in no event more than thirty (30) days after receipt, deliver such funds to Buyer.
Allocation of Revenues. 17 ARTICLE 5
