Common use of Other Revenues Clause in Contracts

Other Revenues. Subject to §5.01(b)(4)(a), the Managing General Partner and the Participants shall share in all other Partnership revenues in the same percentage as their respective Capital Contribution bears to the Partnership’s total Capital Contributions, except that the Managing General Partner shall receive an additional 7% of Partnership revenues. However, the Managing General Partner’s total revenue share shall not exceed 40% of Partnership revenues. For example, if the Managing General Partner contributes 25% of the Partnership’s total Capital Contributions and the Participants contribute 75% of the Partnership’s total Capital Contributions, then the Managing General Partner would receive 32% of the Partnership revenues and the Participants would receive 68% of the Partnership revenues. On the other hand, if the Managing General Partner contributes 35% of the Partnership’s total Capital Contributions and the Participants contribute 65% of the Partnership’s total Capital Contributions, then the Managing General Partner would receive 40% of the Partnership revenues, not 42%, because its revenue share cannot exceed 40% of Partnership revenues, and the Participants would receive 60% of Partnership revenues.

Appears in 3 contracts

Samples: Certificate and Agreement (Atlas Resources Public #17-2008 (B) L.P.), Certificate and Agreement (Atlas America Series 27-2006 LP), Certificate and Agreement (Atlas Resources Public #16-2007 (A) L.P.)

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Other Revenues. Subject to §5.01(b)(4)(ass.5.01(b)(4)(a), the Managing General Partner and the Participants shall share in all other Partnership revenues in the same percentage as their respective Capital Contribution bears to the Partnership’s total Partnership Capital Contributions, except that the Managing General Partner shall receive an additional 7% of Partnership revenues. However, the Managing General Partner’s 's total revenue share shall may not exceed 4035% of Partnership revenues. For example, if the Managing General Partner contributes 25% of the Partnership’s total Partnership Capital Contributions and the Participants contribute 75% of the Partnership’s total Partnership Capital Contributions, then the Managing General Partner would shall receive 32% of the Partnership revenues and the Participants would shall receive 68% of the Partnership revenues. On the other hand, if the Managing General Partner contributes 3530% of the Partnership’s total Partnership Capital Contributions and the Participants contribute 6570% of the Partnership’s total Partnership Capital Contributions, then the Managing General Partner would shall receive 4035% of the Partnership revenues, not 4237%, because its revenue share cannot exceed 4035% of Partnership revenues, and the Participants would shall receive 6065% of Partnership revenues.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Atlas America Public 12 2003 Program), Certificate and Agreement (Atlas America Public #14-2004 L.P.), Escrow Agreement (Atlas America Public 11-2002 LTD)

Other Revenues. Subject to §Section 5.01(b)(4)(a), the Managing General Partner and the Participants shall share in all other Partnership revenues in the same percentage as their respective Capital Contribution bears to the Partnership’s total Partnership Capital Contributions, except that the Managing General Partner shall receive an additional 7% of Partnership revenues. However, the Managing General Partner’s 's total revenue share shall may not exceed 4035% of Partnership revenues. For example, if the Managing General Partner contributes 25% of the Partnership’s total Partnership Capital Contributions and the Participants contribute 75% of the Partnership’s total Partnership Capital Contributions, then the Managing General Partner would shall receive 32% of the Partnership revenues and the Participants would shall receive 68% of the Partnership revenues. On the other hand, if the Managing General Partner contributes 3530% of the Partnership’s total Partnership Capital Contributions and the Participants contribute 6570% of the Partnership’s total Partnership Capital Contributions, then the Managing General Partner would shall receive 4035% of the Partnership revenues, not 4237%, because its revenue share cannot exceed 4035% of Partnership revenues, and the Participants would shall receive 6065% of Partnership revenues.

Appears in 2 contracts

Samples: Certificate and Agreement (Atlas America Series 25-2004 a L P), Certificate and Agreement (Atlas America Series 25-2004 B Lp)

Other Revenues. Subject to §5.01(b)(4)(a), the Managing General Partner and the Participants shall share in all other Partnership revenues in the same percentage as their respective Capital Contribution bears to the Partnership’s total Partnership Capital Contributions, except that the Managing General Partner shall receive an additional 7% of Partnership revenues. However, the Managing General Partner’s total revenue share shall may not exceed 40% of Partnership revenues. For example, if the Managing General Partner contributes 25% of the Partnership’s total Partnership Capital Contributions and the Participants contribute 75% of the Partnership’s total Partnership Capital Contributions, then the Managing General Partner would shall receive 32% of the Partnership revenues and the Participants would shall receive 68% of the Partnership revenues. On the other hand, if the Managing General Partner contributes 35% of the Partnership’s total Partnership Capital Contributions and the Participants contribute 65% of the Partnership’s total Partnership Capital Contributions, then the Managing General Partner would shall receive 40% of the Partnership revenues, not 42%, because its revenue share cannot exceed 40% of Partnership revenues, and the Participants would shall receive 60% of Partnership revenues.

Appears in 2 contracts

Samples: Certificate and Agreement (Atlas America Public #15-2005 (B) L.P.), Certificate and Agreement (Atlas America Public #15-2005 Program)

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Other Revenues. Subject to §5.01(b)(4)(a), the Managing General Partner and the Participants shall share in all other Partnership revenues in the same percentage as their respective Capital Contribution bears to the Partnership’s total Partnership Capital Contributions, except that the Managing General Partner shall receive an additional 7% of Partnership revenues. However, the Managing General Partner’s total revenue share shall may not exceed 4035% of Partnership revenues. For example, if the Managing General Partner contributes 25% of the Partnership’s total Partnership Capital Contributions and the Participants contribute 75% of the Partnership’s total Partnership Capital Contributions, then the Managing General Partner would shall receive 32% of the Partnership revenues and the Participants would shall receive 68% of the Partnership revenues. On the other hand, if the Managing General Partner contributes 3530% of the Partnership’s total Partnership Capital Contributions and the Participants contribute 6570% of the Partnership’s total Partnership Capital Contributions, then the Managing General Partner would shall receive 4035% of the Partnership revenues, not 4237%, because its revenue share cannot exceed 4035% of Partnership revenues, and the Participants would shall receive 6065% of Partnership revenues.

Appears in 1 contract

Samples: Certificate and Agreement (Atlas America Public #14-2005 (A) LP)

Other Revenues. Subject to §5.01(b)(4)(ass.5.01(b)(4)(a), the Managing General Partner and the Participants shall share in all other Partnership revenues in the same percentage as their respective Capital Contribution bears to the Partnership’s total Partnership Capital Contributions, except that the Managing General Partner shall receive an additional 7% of Partnership revenues. However, the Managing General Partner’s 's total revenue share shall may not exceed 40% of Partnership revenues. For example, if the Managing General Partner contributes 25% of the Partnership’s total Partnership Capital Contributions and the Participants contribute 75% of the Partnership’s total Partnership Capital Contributions, then the Managing General Partner would shall receive 32% of the Partnership revenues and the Participants would shall receive 68% of the Partnership revenues. On the other hand, if the Managing General Partner contributes 35% of the Partnership’s total Partnership Capital Contributions and the Participants contribute 65% of the Partnership’s total Partnership Capital Contributions, then the Managing General Partner would shall receive 40% of the Partnership revenues, not 42%, because its revenue share cannot exceed 40% of Partnership revenues, and the Participants would shall receive 60% of Partnership revenues.

Appears in 1 contract

Samples: Certificate and Agreement (Atlas America Public #15-2005 Program)

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