Common use of Distribution of Refinancing Proceeds Clause in Contracts

Distribution of Refinancing Proceeds. Refinancing Proceeds from a refinancing or borrowing shall, unless the General Partner, in its reasonable discretion, shall determine to retain any such amounts in the Partnership in accordance with Section 5.08, be distributed, as soon as is reasonably practicable after the transaction occurs, as follows: (i) first, until the Partners shall have received distributions pursuant to this Section 4.06(i) of Refinancing Proceeds from such refinancing or borrowing equal to the then outstanding Partners' 12% Preferred Distribution, 1% to the General Partner and 99% to the Limited Partners; (ii) second, until the Partners shall have received cumulative distributions of Capital Receipts pursuant to this Section 4.06(ii) and Section 4.07A(ii) equal to the Partners' Capital Contributions, 1% to the General Partner and 99% to the Limited Partners; and (iii) thereafter, 20% to the General Partner and 80% to the Limited Partners.

Distribution of Refinancing Proceeds. Refinancing Proceeds from a refinancing or borrowing shall, unless the General Partner, in its reasonable discretion, shall determine to retain any such amounts in the Partnership in accordance with Section 5.08Partnership, be distributed, distributed as soon as is reasonably practicable after the transaction occurs, occurs as follows: (i) first, until the Partners shall have received distributions pursuant to this Section 4.06(i) of Refinancing Proceeds from such refinancing or borrowing equal to the then outstanding Partners' 1215% Preferred Distribution, 1% to the General Partner and 99% to the Limited Partners; (ii) second, until the Partners shall have received cumulative distributions of Capital Receipts pursuant to this Section 4.06(ii) and Section 4.07A(ii) equal to the Partners' Capital Contributions, 1% to the General Partner and 99% to the Limited Partners; and (iii) thereafter, 20% to the General Partner and 80% to the Limited Partners.

Distribution of Refinancing Proceeds. Refinancing Proceeds from a refinancing or borrowing shall, unless the General Partner, in its reasonable discretion, shall determine to retain any such amounts in the Partnership in accordance with Section 5.08Partnership, be distributed, as soon as is reasonably practicable after the transaction occurs, distributed as follows: (i) first, until the Limited Partners shall have received cumulative distributions of Capital Receipts pursuant to this Section 4.06(i4.07(i) of Refinancing Proceeds from such refinancing or borrowing equal to the then outstanding Limited Partners' 1215% Preferred Distribution, 1% to the General Partner and 99% to the Limited Partners; (ii) second, until the Limited Partners shall have received cumulative distributions of Capital Receipts pursuant to this Section 4.06(ii4.07(ii) and Section 4.07A(ii4.08A(ii) below equal to the Limited Partners' Capital ContributionsInvested Capital, 1% to the General Partner and 99% to the Limited Partners; and (iii) thereafter, 20% to the General Partner and 80% to the Limited Partners.