Common use of Distribution of Sale or Refinancing Proceeds Clause in Contracts

Distribution of Sale or Refinancing Proceeds. Sale or Refinancing Proceeds shall be distributed in the following order: (a) to the payment of the Mortgage and other matured debts and liabilities of the Partnership, other than accrued payments, debts or other liabilities owing to Partners or former Partners; (b) to any accrued payments, debts or other liabilities owing to the Partners or former Partners, including, but not limited to, accrued Reporting Fees and Operating Loans, to be paid prorata if necessary; (c) to the establishment of any reserves which the General Partner, with the Consent of the Special Limited Partner, shall deem reasonably necessary for contingent, unmatured or unforeseen liabilities or obligations of the Partnership; (d) thereafter, 20% to the Limited Partner and 80% to the General Partner.

Distribution of Sale or Refinancing Proceeds. Sale or Refinancing Proceeds shall be distributed in the following order: (a) to the payment of the Mortgage and other matured debts and liabilities of the Partnership, other than accrued payments, debts or other liabilities owing to Partners or former Partners; (b) to any accrued payments, debts or other liabilities owing to the Partners or former Partners, including, but not limited to, accrued Reporting Fees and Operating Loans, to be paid prorata if necessary; (c) to the establishment of any reserves which the General Partner, with the Consent of the Special Limited Partner, shall deem reasonably necessary for contingent, unmatured or unforeseen liabilities or obligations of the Partnership;; and (d) thereafter, 20% to the Limited Partner and 80% to the General Partner.

Distribution of Sale or Refinancing Proceeds. Sale or Refinancing Proceeds shall be distributed in the following order: (a) to the payment of the Mortgage and other matured debts and liabilities of the Partnership, other than accrued payments, debts or other liabilities owing to Partners or former Partners; (b) to any accrued payments, debts or other liabilities owing to the Partners or former Partners, including, but not limited to, accrued Reporting Fees and Operating Loans, to be paid prorata if necessary; (c) to the establishment of any reserves which the General Partner, with the Consent of the Special Limited Partner, shall deem reasonably necessary for contingent, unmatured or unforeseen liabilities or obligations of the Partnership;; and (d) thereafter, 2029.99% to the Limited Partner Partner, 0.01% to the Special Limited Partner, and 8070% to the General Partner.

Distribution of Sale or Refinancing Proceeds. Sale or Refinancing Proceeds shall be distributed in the following order: (a) to the payment of the Mortgage and other matured debts and liabilities of the Partnership, other than accrued payments, debts or other liabilities owing to Partners or former Partners; (b) to any accrued payments, debts or other liabilities owing to the Partners or former Partners, including, but not limited to, accrued Reporting Asset Management Fees and Operating Loans, to be paid prorata pro rata if necessary; (c) to the establishment of any reserves which the General Partner, with the Consent of the Special Limited Partner, shall deem reasonably necessary for contingent, unmatured or unforeseen liabilities or obligations of the Partnership;; and (d) thereafter, 2024.99% to the Limited Partner, 0.01% to the Special Limited Partner and 8075% to the General Partner.

Distribution of Sale or Refinancing Proceeds. Sale or Refinancing Proceeds shall be distributed in the following order: (a) to the payment of the Mortgage and other matured debts and liabilities of the Partnership, other than accrued payments, debts or other liabilities owing to Partners or former Partners; (b) to any accrued payments, debts or other liabilities owing to the Partners or former Partners, including, but not limited to, accrued Reporting Fees and Operating Loans, to be paid prorata if necessary; (c) to the establishment of any reserves which the General Partner, with the Consent of the Special Limited Partner, shall deem reasonably necessary for contingent, unmatured or unforeseen liabilities or obligations of the Partnership;; and (d) thereafter, 20% to the Limited Partner and 80% to the General Partner.

Distribution of Sale or Refinancing Proceeds. Sale or Refinancing Proceeds shall be distributed in the following order: (a) to the payment of the Mortgage and other matured debts and liabilities of the Partnership, other than accrued payments, debts or other liabilities owing to Partners or former Partners; (b) to any accrued payments, debts or other liabilities owing to the Partners or former Partners, including, but not limited to, accrued Reporting Fees and Operating Loans, to be paid prorata if necessary; (c) to the establishment of any reserves which the General Partner, with the Consent of the Special Limited Partner, shall deem reasonably necessary for contingent, unmatured or unforeseen liabilities or obligations of the Partnership; (d) thereafter, 20% to the Limited Partner and 80% to the General Partner.

Distribution of Sale or Refinancing Proceeds. Sale or Refinancing Proceeds shall be distributed in the following order: (a) to the payment of the Mortgage and other matured debts and liabilities of the Partnership, other than accrued payments, debts or other liabilities owing to Partners or former Partners; (b) to any accrued payments, debts or other liabilities owing to the Partners or former Partners, including, but not limited to, accrued Reporting Fees and Operating Loans, to be paid prorata if necessary; (c) to the establishment of any reserves which the General Partner, with the Consent of the Special Limited Partner, Partner shall deem reasonably necessary for contingent, unmatured or unforeseen liabilities or obligations of the Partnership;; and (d) thereafter, 2030% to the Limited Partner, 35% to the Managing General Partner and 8035% to the General Partner.

Distribution of Sale or Refinancing Proceeds. Sale or Refinancing Proceeds shall be distributed in the following order: (a) to the payment of the Mortgage and other matured debts and liabilities of the Partnership, other than accrued payments, debts or other liabilities owing to Partners or former Partners; (b) to any accrued payments, debts or other liabilities owing to the Partners or former Partners, including, but not limited to, accrued Reporting Fees and Operating Loans, to be paid prorata if necessary; (c) to the establishment of any reserves which the General Partner, with the Consent of the Special Limited Partner, shall deem reasonably necessary for contingent, unmatured or unforeseen liabilities or obligations of the Partnership; (d) thereafter, 2085% to the Limited Partner and 8015% to the General Partner.