Distributions of Investment Proceeds. Each distribution of Investment Proceeds shall initially be made to the Partners in proportion to each of their respective Percentage Interests in such Investment. Notwithstanding the previous sentence, each Partner’s (other than UST’s) share of each distribution of Investment Proceeds shall be divided between such Partner on the one hand and the Noteholder on the other hand as follows: (i) Return of Capital: First, 100% to such Partner until the cumulative distributions to such Partner of Investment Proceeds equal such Partner’s Capital Contributions; (ii) UST Warrant Proceeds Split: Thereafter, the Applicable Percentage to such Partner and the Warrant Percentage to the Noteholder.
Appears in 10 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement, Limited Partnership Agreement
