Common use of DISTRIBUTIONS TO LIMITED PARTNER OTHER THAN FROM SALES OF UNITS Clause in Contracts

DISTRIBUTIONS TO LIMITED PARTNER OTHER THAN FROM SALES OF UNITS. The General Partner shall direct each closing agent of a sale of Partnership property other than units, and of a re-finance of Partnership property with respect to the closing, of the sale or refinance to make to the Limited Partner at the time of each such closing a preferred distribution in an amount equal to the proceeds of such sale or refinance available to the Partnership after the satisfaction of loans to the partnership approved by the Limited Partner. Such preferred distributions shall continue by such closing agent(s) until such time as the General Partner has confirmed that the Limited Partner has received an amount from distributions under this section and the preceding section totaling, in the aggregate the preferred distributions required by Section 9.2 above.

DISTRIBUTIONS TO LIMITED PARTNER OTHER THAN FROM SALES OF UNITS. The General Partner shall direct each closing agent of a sale of Partnership property other than units, and of a re-finance of Partnership property with respect to the closing, closing of the sale or refinance to make to the Limited Partner at the time of each such closing a preferred distribution in an amount equal to the proceeds of such sale or refinance available to the Partnership after the satisfaction of loans to the partnership approved by the Limited Partner. Such preferred distributions shall continue by such closing agent(s) until such time as the General Partner has confirmed that the Limited Partner has received an amount from distributions under this section and the preceding section totaling, totaling in the aggregate 200% of the preferred distributions required by Limited Partner Capital Contribution as set forth in Section 9.2 above5.2.