Distributable Cash Flow. Distributable Cash Flow of the Partnership shall be distributed ninety-seven percent (97%) to the class comprised of the Limited Partners and three percent (3%) to the class comprised of the General Partners, except that a portion of Distributable Cash Flow shall be distributed with respect to each Unit in the amount, if any, equivalent to the interest received by the Partnership net of escrow expense with respect to the Subscription Price for such Unit on account of the period of time prior to the initial closing of the sale of Units.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Krupp Insured Plus Ii LTD Partnership), Limited Partnership Agreement (Krupp Insured Plus Ii LTD Partnership)
Distributable Cash Flow. Distributable Cash Flow of the Partnership shall be distributed ninety-seven eight percent (9798%) to the class comprised of the Limited Partners and three two percent (32%) to the class comprised of the General Partners, except that a portion of Distributable Cash Flow shall be distributed with respect to each Unit in the amount, if any, equivalent to the interest received by the Partnership net of escrow expense with respect to the Subscription Price for such Unit on account of the period of time prior to the initial closing of the sale of Units.
Appears in 1 contract
Samples: Agreement of Limited Partnership (Krupp Cash Plus LTD Partnership)
Distributable Cash Flow. Distributable Cash Flow of the Partnership shall be distributed ninety-seven eight percent (9798%) to the class comprised of the Limited Partners and three two percent (32%) to the class comprised of the General Partners, Partners except that a portion of Distributable Cash Flow cash shall be distributed with respect to each Unit in the amount, if any, equivalent to the interest received by the Partnership net of escrow expense with respect to the Subscription Price for such Unit on account of the period of time prior to the initial closing of the sale of Units.
Appears in 1 contract
Samples: Agreement of Limited Partnership (Krupp Cash Plus Ii LTD Partnership)