Distribution of Net Cash Flow and Allocation of Profit and Loss from Operations A. Net Cash Flow, if any, for each year shall be distributed and applied by the Fund in the following order of priority: (i) First, 99% to the Investors, .5% to the Development General Partner, and .5% to the Administrative General Partner, until each Investor has received an amount equal to his unpaid Preferred Return. (ii) Second, to repay any accrued but unpaid interest under the Cash Flow Deficit Guaranty Agreement and the Deferred Management Fee Loans.
Appears in 5 contracts
Samples: Limited Partnership Agreement (Meridian Healthcare Growth & Income Fund LTD Partnership), Limited Partnership Agreement (Meridian Healthcare Growth & Income Fund LTD Partnership), Limited Partnership Agreement (Meridian Healthcare Growth & Income Fund LTD Partnership)