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.
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), Partnership Agreement (Meridian Healthcare Growth & Income Fund LTD Partnership)
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 Partnership in the following order of priority: (i) First, 9998% to the InvestorsUnitholders, .51% to the Development General Partner, and .51% to the Administrative General Partner, until each Investor Unitholder has received an amount equal to 10% of his unpaid Preferred ReturnAdjusted Capital Balance.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Brown Benchmark Properties Limited Partnership), Limited Partnership Agreement (Brown Benchmark Properties Limited Partnership), Limited Partnership Agreement (Brown Benchmark Properties Limited Partnership)