Priority Management Fee Distribution Clause Samples
Priority Management Fee Distribution. The Priority Management Fee Distribution for each year is a distribution in an amount equal to the Management Fee for that year plus interest thereon at Prime from the Full Payment Date for that year until paid; plus, to the extent a distribution of the Management Fee was not made in any prior year, the portion of the amount equal to the Management Fee(s) not so distributed in prior years plus interest on the portion not so distributed at Prime (compounded annually) from the Full Payment Date for the year in which such Management Fee was otherwise payable but not paid.
Priority Management Fee Distribution. Second, in each year commencing with 1998 and after, but only after, the Minimum Amount for all years, to and including such year, Base Rent for all years to and including such year and interest or Default Interest, if any, on the Minimum Amount and Base Rent have each been distributed or paid to the Limited Partner, and subject to Part D of this Article VI, in recognition of the management services provided by the General Partner and to the extent of Available Cash, the limited partnership shall distribute to the General Partner cash equal to the Priority Management Fee Distribution.