Distributions of Net Cash Flow. All Net Cash Flow, if any, realized ------------------------------ by or available to the Partnership shall first be applied or added to a reasonable reserve retained for working capital needs or to provide funds for contingencies and expenses of the Partnership, (all as determined in the sole discretion of the General Partner or as required by any loan agreement or instrument of the Partnership), and the balance, if any, shall be distributed, (from time to time in the sole discretion of the General Partner, but in the event, no less frequently than quarterly), in the following order of priority to the extent available: A. To the General Partner in repayment of the entire principal amounts of any outstanding General Partner's loans, together with all accrued but unpaid interest thereon, first on account of interest accrued thereon and then on account of the principal amounts thereof; B. To the General Partner in reduction of its then outstanding Additional Capital Balance; C. To the Limited Partners, until such time as the Limited Partners have received the aggregate sum of Three Million Eight Hundred Seventy Five Thousand Dollars ($3,875,000.00), which aggregate sum shall be reduced by an amount equal to the amount of initial working capital returned by the Partnership to the Limited Partners, a sum equal to the amount necessary to increase the aggregate distribution to the Limited Partners for the fiscal year to Nine Hundred Sixty Eight Thousand Seven Hundred Fifty Dollars ($968,750.00) shall be paid to the Limited Partners. Thereafter, any remaining amounts shall be distributed to the Partners in accordance with their respective Participation Percentages; and D. Once the Limited Partners have received the aggregate sum of Three Million Eight Hundred Seventy Five Thousand Dollars ($3,875,000.00), which aggregate sum shall be reduced by an amount equal to the amount of initial working capital returned by the Partnership to the Limited Partners, any remaining amounts shall be distributed to the Partners in accordance with their respective Participation Percentages.
Appears in 1 contract
Samples: Limited Partnership Agreement (Flanigans Enterprises Inc)
Distributions of Net Cash Flow. All Net Cash Flow, if any, realized ------------------------------ by or available to the Partnership shall first be applied or added to a reasonable reserve retained for working capital needs or to provide funds for contingencies and expenses of the Partnership, (all as determined in the sole discretion of the General Partner or as required by any loan agreement or instrument of the Partnership), and the balance, if any, shall be distributed, (from time to time in the sole discretion of the General Partner, but in the event, no less frequently than quarterly), in the following order of priority to the extent available:
A. To the General Partner in repayment of the entire principal amounts of any outstanding General Partner's ’s loans, together with all accrued but unpaid interest thereon, first on account of interest accrued thereon and then on account of the principal amounts thereof;
B. To the General Partner in reduction of its then outstanding Additional Capital Balance;
C. To the Limited Partners, until such time as the Limited Partners have received the aggregate sum of Three Five Million Eight Hundred Seventy Five Thousand Dollars ($3,875,000.005,000,000.00), which aggregate sum shall be reduced by an amount equal to the amount of initial working capital returned by the Partnership to the Limited Partners, a sum equal to the amount necessary to increase the aggregate distribution to the Limited Partners for the fiscal year to Nine Hundred Sixty Eight Thousand Seven One Million Two Hundred Fifty Thousand Dollars ($968,750.001,250,000.00) shall be paid to the Limited Partners. Thereafter, any remaining amounts shall be distributed to the Partners in accordance with their respective Participation Percentages; and
D. Once the Limited Partners have received the aggregate sum of Three Five Million Eight Hundred Seventy Five Thousand Dollars ($3,875,000.005,000,000.00), which aggregate sum shall be reduced by an amount equal to the amount of initial working capital returned by the Partnership to the Limited Partners, any remaining amounts shall be distributed to the Partners in accordance with their respective Participation Percentages.
Appears in 1 contract
Samples: Limited Partnership Agreement (Flanigans Enterprises Inc)
Distributions of Net Cash Flow. All Net Cash Flow, if any, realized ------------------------------ by or available to the Partnership shall first be applied or added to a reasonable reserve retained for working capital needs or to provide funds for contingencies and expenses of the Partnership, (all as determined in the sole discretion of the General Partner or as required by any loan agreement or instrument of the Partnership), and the balance, if any, shall be distributed, (from time to time in the sole discretion of the General Partner, but in the event, no less frequently than quarterly), in the following order of priority to the extent available:
A. To the General Partner in repayment of the entire principal amounts of any outstanding General Partner's ’s loans, together with all accrued but unpaid interest thereon, first on account of interest accrued thereon and then on account of the principal amounts thereof;
B. To the General Partner in reduction of its then outstanding Additional Capital Balance;
C. To the Limited Partners, until such time as the Limited Partners have received the aggregate sum of Three Two Million Eight Hundred Seventy Five Thousand Dollars ($3,875,000.002,000,000.00), which aggregate sum shall be reduced by an amount equal to the amount of initial working capital returned by the Partnership to the Limited Partners, a sum equal to the amount necessary to increase the aggregate distribution to the Limited Partners for the fiscal year to Nine Five Hundred Sixty Eight Thousand Seven Hundred Fifty Dollars ($968,750.00500,000.00) shall be paid to the Limited Partners. Thereafter, any remaining amounts shall be distributed to the Partners in accordance with their respective Participation Percentages; and
D. Once the Limited Partners have received the aggregate sum of Three Two Million Eight Hundred Seventy Five Thousand Dollars ($3,875,000.002,000,000.00), which aggregate sum shall be reduced by an amount equal to the amount of initial working capital returned by the Partnership to the Limited Partners, any remaining amounts shall be distributed to the Partners in accordance with their respective Participation Percentages.
Appears in 1 contract
Samples: Limited Partnership Agreement (Flanigans Enterprises Inc)
Distributions of Net Cash Flow. All Net Cash Flow, if any, realized ------------------------------ by or available to the Partnership shall first be applied or added to a reasonable reserve retained for working capital needs or to provide funds for contingencies and expenses of the Partnership, (all as determined in the sole discretion of the General Partner or as required by any loan agreement or instrument of the Partnership), and the balance, if any, shall be distributed, (from time to time in the sole discretion of the General Partner, but in the event, no less frequently than quarterly), in the following order of priority to the extent available:
A. To the General Partner in repayment of the entire principal amounts of any outstanding General Partner's loans, together with all accrued but unpaid interest thereon, first on account of interest accrued thereon and then on account of the principal amounts thereof;
B. To the General Partner in reduction of its then outstanding Additional Capital Balance;; and
C. To the Limited Partners, Partners until such time as the Limited Partners have received the aggregate sum of Three Million Eight Four Hundred Seventy Five Thousand Dollars ($3,875,000.00400,000.00), which aggregate sum shall be reduced by an amount equal to the amount of initial working capital returned by the Partnership to the Limited Partners, a sum equal to the amount necessary to increase the aggregate distribution to the Limited Partners for the fiscal year to Nine One Hundred Sixty Eight Thousand Seven Hundred Fifty Dollars ($968,750.00100,000.00) shall be paid to the Limited Partners. Thereafter, any remaining amounts shall be distributed to the Partners in accordance with their respective Participation Percentages; and
D. Once the Limited Partners have received the aggregate sum of Three Million Eight Four Hundred Seventy Five Thousand Dollars ($3,875,000.00400,000.00), which aggregate sum shall be reduced by an amount equal to the amount of initial working capital returned by the Partnership to the Limited Partners, any remaining amounts shall be distributed to the Partners in accordance with their respective Participation Percentages.
Appears in 1 contract
Samples: Limited Partnership Agreement (Flanigans Enterprises Inc)
Distributions of Net Cash Flow. All Net Cash Flow, if any, realized ------------------------------ by or available to the Partnership shall first be applied or added to a reasonable reserve retained for working capital needs or to provide funds for contingencies and expenses of the Partnership, (all as determined in the sole discretion of the General Partner or as required by any loan agreement or instrument of the Partnership), and the balance, if any, shall be distributed, (from time to time in the sole discretion of the General Partner, but in the event, no less frequently than quarterly), in the following order of priority to the extent available:
A. To the General Partner in repayment of the entire principal amounts of any outstanding General Partner's loans, together with all accrued but unpaid interest thereon, first on account of interest accrued thereon and then on account of the principal amounts thereof;
B. To the General Partner in reduction of its then outstanding Additional Capital Balance;
C. To the Limited Partners, until such time as the Limited Partners have received the aggregate sum of Three Million Eight Three Hundred Seventy Five Thousand Dollars ($3,875,000.003,300,000.00), which aggregate sum shall be reduced by an amount equal to the amount of initial working capital returned by the Partnership to the Limited Partners, a sum equal to the amount necessary to increase the aggregate distribution to the Limited Partners for the fiscal year to Nine Eight Hundred Sixty Eight Twenty Five Thousand Seven Hundred Fifty Dollars ($968,750.00825,000.00) shall be paid to the Limited Partners. Thereafter, any remaining amounts shall be distributed to the Partners in accordance with their respective Participation Percentages; and
D. Once the Limited Partners have received the aggregate sum of Three Million Eight Three Hundred Seventy Five Thousand Dollars ($3,875,000.003,300,000.00), which aggregate sum shall be reduced by an amount equal to the amount of initial working capital returned by the Partnership to the Limited Partners, any remaining amounts shall be distributed to the Partners in accordance with their respective Participation Percentages.
Appears in 1 contract
Samples: Limited Partnership Agreement (Flanigans Enterprises Inc)
Distributions of Net Cash Flow. All Net Cash Flow, if any, realized ------------------------------ by or available to the Partnership shall first be applied or added to a reasonable reserve retained for working capital needs or to provide funds for contingencies and expenses of the Partnership, (all as determined in the sole discretion of the General Partner or as required by any loan agreement or instrument of the Partnership), and the balance, if any, shall be distributed, (from time to time in the sole discretion of the General Partner, but in the event, no less frequently than quarterly), in the following order of priority to the extent available:
A. To the General Partner in repayment of the entire principal amounts of any outstanding General Partner's ’s loans, together with all accrued but unpaid interest thereon, first on account of interest accrued thereon and then on account of the principal amounts thereof;
B. To the General Partner in reduction of its then outstanding Additional Capital Balance;
C. To the Limited Partners, until such time as the Limited Partners have received the aggregate sum of Three Four Million Eight Hundred Seventy Five Thousand Dollars ($3,875,000.004,000,000.00), which aggregate sum shall be reduced by an amount equal to the amount of initial working capital returned by the Partnership to the Limited Partners, a sum equal to the amount necessary to increase the aggregate distribution to the Limited Partners for the fiscal year to Nine Hundred Sixty Eight Thousand Seven Hundred Fifty One Million Dollars ($968,750.001,000,000.00) shall be paid to the Limited Partners. Thereafter, any remaining amounts shall be distributed to the Partners in accordance with their respective Participation Percentages; and
D. Once the Limited Partners have received the aggregate sum of Three Four Million Eight Hundred Seventy Five Thousand Dollars ($3,875,000.004,000,000.00), which aggregate sum shall be reduced by an amount equal to the amount of initial working capital returned by the Partnership to the Limited Partners, any remaining amounts shall be distributed to the Partners in accordance with their respective Participation Percentages.
Appears in 1 contract
Samples: Limited Partnership Agreement (Flanigans Enterprises Inc)
Distributions of Net Cash Flow. All Net Cash Flow, if any, realized ------------------------------ by or available to the Partnership shall first be applied or added to a reasonable reserve retained for working capital needs or to provide funds for contingencies and expenses of the Partnership, (all as determined in the sole discretion of the General Partner or as required by any loan agreement or instrument of the Partnership), and the balance, if any, shall be distributed, (from time to time in the sole discretion of the General Partner, but in the event, no less frequently than quarterly), in the following order of priority to the extent available:
A. To the General Partner in repayment of the entire principal amounts of any outstanding General Partner's loans, together with all accrued but unpaid interest thereon, first on account of interest accrued thereon and then on account of the principal amounts thereof;
B. To the General Partner in reduction of its then outstanding Additional Capital Balance;
C. To the Limited Partners, until such time as the Limited Partners have received the aggregate sum of Two Million Three Million Eight Hundred Seventy Five Fifty Thousand Dollars ($3,875,000.002,350,000.00), which aggregate sum shall be reduced by an amount equal to the amount of initial working capital returned by the Partnership to the Limited Partners, a sum equal to the amount necessary to increase the aggregate distribution to the Limited Partners for the fiscal year to Nine Five Hundred Sixty Eight Seven Thousand Seven Five Hundred Fifty Dollars ($968,750.00587,500.00) shall be paid to the Limited Partners. Thereafter, any remaining amounts shall be distributed to the Partners in accordance with their respective Participation Percentages; and
D. Once the Limited Partners have received the aggregate sum of Two Million Three Million Eight Hundred Seventy Five Fifty Thousand Dollars ($3,875,000.002,350,000.00), which aggregate sum shall be reduced by an amount equal to the amount of initial working capital returned by the Partnership to the Limited Partners, any remaining amounts shall be distributed to the Partners in accordance with their respective Participation Percentages.
Appears in 1 contract
Samples: Limited Partnership Agreement (Flanigans Enterprises Inc)
Distributions of Net Cash Flow. All Net Cash Flow, if any, realized ------------------------------ by or available to the Partnership shall first be applied or added to a reasonable reserve retained for working capital needs or to provide funds for contingencies and expenses of the Partnership, (all as determined in the sole discretion of the General Partner or as required by any loan agreement or instrument of the Partnership), and the balance, if any, shall be distributed, (from time to time in the sole discretion of the General Partner, but in the event, no less frequently than quarterly), in the following order of priority to the extent available:
A. To the General Partner in repayment of the entire principal amounts of any outstanding General Partner's loans, together with all accrued but unpaid interest thereon, first on account of interest accrued thereon and then on account of the principal amounts thereof;
B. To the General Partner in reduction of its then outstanding Additional Capital Balance;
C. To the Limited Partners, until such time as the Limited Partners have received the aggregate sum of Three One Million Eight Hundred Seventy Five Thousand Dollars ($3,875,000.001,875,000.00), which aggregate sum shall be reduced by an amount equal to the amount of initial working capital returned by the Partnership to the Limited Partners, a sum equal to the amount necessary to increase the aggregate distribution to the Limited Partners for the fiscal year to Nine Four Hundred Sixty Eight Thousand Seven Hundred Fifty Dollars ($968,750.00468,750.00) shall be paid to the Limited Partners. Thereafter, any remaining amounts shall be distributed to the Partners in accordance with their respective Participation Percentages; and
D. Once the Limited Partners have received the aggregate sum of Three One Million Eight Hundred Seventy Five Thousand Dollars ($3,875,000.001,875,000.00), which aggregate sum shall be reduced by an amount equal to the amount of initial working capital returned by the Partnership to the Limited Partners, any remaining amounts shall be distributed to the Partners in accordance with their respective Participation Percentages.
Appears in 1 contract
Samples: Limited Partnership Agreement (Flanigans Enterprises Inc)