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 10% of Partnership revenues. For example, if the Managing General Partner contributes 15% of the Partnership’s total Capital Contributions and the Participants contribute 85% of the Partnership’s total Capital Contributions, then the Managing General Partner would receive 25% of the Partnership revenues and the Participants would receive 75% of the Partnership revenues.

Appears in 5 contracts

Samples: Certificate and Agreement (DGOC Series 18C LP), Certificate and Agreement (DGOC Series 18B LP), Certificate and Agreement (DGOC Series 28, L.P.)

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