Common use of Other Revenues Clause in Contracts

Other Revenues. Subject to ss.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 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 may not exceed 35% of Partnership revenues. For example, if the Managing General Partner contributes 25% of the total Partnership Capital Contributions and the Participants contribute 75% of the total Partnership Capital Contributions, then the Managing General Partner shall receive 32% of the Partnership revenues and the Participants shall receive 68% of the Partnership revenues. On the other hand, if the Managing General Partner contributes 30% of the total Partnership Capital Contributions and the Participants contribute 70% of the total Partnership Capital Contributions, then the Managing General Partner shall receive 35% of the Partnership revenues, not 37%, because its revenue share cannot exceed 35% of Partnership revenues, and the Participants shall receive 65% of Partnership revenues.

Appears in 3 contracts

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

AutoNDA by SimpleDocs

Other Revenues. Subject to ss.5.01(b)(4)(a§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 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 may not exceed 3540% of Partnership revenues. For example, if the Managing General Partner contributes 25% of the total Partnership Capital Contributions and the Participants contribute 75% of the total Partnership Capital Contributions, then the Managing General Partner shall receive 32% of the Partnership revenues and the Participants shall receive 68% of the Partnership revenues. On the other hand, if the Managing General Partner contributes 3035% of the total Partnership Capital Contributions and the Participants contribute 7065% of the total Partnership Capital Contributions, then the Managing General Partner shall receive 3540% of the Partnership revenues, not 3742%, because its revenue share cannot exceed 3540% of Partnership revenues, and the Participants shall receive 6560% of Partnership revenues.

Appears in 2 contracts

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

Other Revenues. Subject to ss.5.01(b)(4)(aSection 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 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 may not exceed 35% of Partnership revenues. For example, if the Managing General Partner contributes 25% of the total Partnership Capital Contributions and the Participants contribute 75% of the total Partnership Capital Contributions, then the Managing General Partner shall receive 32% of the Partnership revenues and the Participants shall receive 68% of the Partnership revenues. On the other hand, if the Managing General Partner contributes 30% of the total Partnership Capital Contributions and the Participants contribute 70% of the total Partnership Capital Contributions, then the Managing General Partner shall receive 35% of the Partnership revenues, not 37%, because its revenue share cannot exceed 35% of Partnership revenues, and the Participants shall receive 65% of Partnership revenues.

Appears in 2 contracts

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

Other Revenues. Subject to ss.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 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 may not exceed 3540% of Partnership revenues. For example, if the Managing General Partner contributes 25% of the total Partnership Capital Contributions and the Participants contribute 75% of the total Partnership Capital Contributions, then the Managing General Partner shall receive 32% of the Partnership revenues and the Participants shall receive 68% of the Partnership revenues. On the other hand, if the Managing General Partner contributes 3035% of the total Partnership Capital Contributions and the Participants contribute 7065% of the total Partnership Capital Contributions, then the Managing General Partner shall receive 3540% of the Partnership revenues, not 3742%, because its revenue share cannot exceed 3540% of Partnership revenues, and the Participants shall receive 6560% of Partnership revenues.

Appears in 1 contract

Samples: Limited Partnership Agreement (Atlas America Public #15-2005 Program)

AutoNDA by SimpleDocs

Other Revenues. Subject to ss.5.01(b)(4)(a§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 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 may not exceed 35% of Partnership revenues. For example, if the Managing General Partner contributes 25% of the total Partnership Capital Contributions and the Participants contribute 75% of the total Partnership Capital Contributions, then the Managing General Partner shall receive 32% of the Partnership revenues and the Participants shall receive 68% of the Partnership revenues. On the other hand, if the Managing General Partner contributes 30% of the total Partnership Capital Contributions and the Participants contribute 70% of the total Partnership Capital Contributions, then the Managing General Partner shall receive 35% of the Partnership revenues, not 37%, because its revenue share cannot exceed 35% of Partnership revenues, and the Participants shall receive 65% of Partnership revenues.

Appears in 1 contract

Samples: Limited Partnership Agreement (Atlas America Public #14-2005 (A) LP)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!