Common use of Capital Contributions and Participation Percentages Clause in Contracts

Capital Contributions and Participation Percentages. (1) As of and following the Conversion Date, the Partners' respective Capital Contributions shall be equal to the respective amounts set forth in Exhibit 6.4 hereto plus any adjustments thereto made following the Conversion Date in accordance with the terms of this Section 6.4. (2) Each Partner's respective Capital Contributions shall be adjusted to reflect the Distributions (as hereinafter defined), if any, from any financing by the Partnership from the Conversion Date until the Option Date (the "Refinancing"). As used herein, the term "Distributions" shall mean the net proceeds of the Refinancing after the Partnership (i) repays any existing indebtedness of the Partnership (including any and all indebtedness owed to the Partners) which the Partners have agreed to repay but excluding any repayment of the Partnership's revolving credit facility which may be refinanced subsequent to the Refinancing and (ii) withholds any amount of such Refinancing proceeds which the Partnership Governance Committee determines should be maintained by the Partnership.