Common use of Application of Capital Contributions Clause in Contracts

Application of Capital Contributions. A. The General Partner shall deposit in the Limited Partnership Account the Capital Contributions attributable to the Limited Partner and shall apply such Capital Contributions to (i) pay to the General Partner an amount equal to 3.5% of the Unit Holders' Subscriptions in consideration of the General Partner's payment of Organization and Offering Costs, (ii) pay Commissions, (iii) establish a reasonable reserve for working capital, and (iv) contribute the balance of the Partners' Capital Contributions to the Production Partnership in exchange for the Limited Partnership's interest therein.

Application of Capital Contributions. A. The General Partner shall deposit in the Limited Partnership Account the Capital Contributions attributable to the Limited Partner and shall apply such Capital Contributions to (i) pay to the General Partner an amount equal to 3.5% of the Unit Holders' Subscriptions in consideration of the General Partner's payment of Organization and Offering Costs, less the amounts of any reduced charges for such costs allowed by the General Partner, (ii) pay Commissions, (iii) establish a reasonable reserve for working capitalcapital and payment of the Unit Holders' allocable share of Direct Administrative Costs, and (iv) contribute the balance of the Partners' Capital Contributions to the Production NPI Partnership in exchange for the Limited Partnership's interest therein.

Application of Capital Contributions. A. The General Partner Partners shall deposit in the Limited Partnership Account the Capital Contributions attributable to of the Additional Limited Partner Partners and shall apply such Capital Contributions to (i) pay to the General Partner Partners an amount equal to 3.53% of the Unit HoldersLimited Partners' Subscriptions Capital Contributions in consideration of the General Partner's Partners' payment of Organization and Offering Costs, (ii) pay Commissions, (iii) establish a reasonable reserve for working capital, and (iv) contribute the balance of the Partners' Capital Contributions to the Production Partnership in exchange for the Limited Partnership's interest therein.