Common use of Remaining Distribution Clause in Contracts

Remaining Distribution. The remaining assets shall then be distributed to the Partners in accordance with the Partners' positive Capital Account balances, after making the adjustments for allocations under Article V hereof.

Appears in 5 contracts

Samples: Initial and Corporate (Innsuites Hospitality Trust), Boykin Lodging Trust Inc, Liberty Self Stor Inc

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Remaining Distribution. The remaining assets shall then be distributed distributed, first to the Partners holders of Preferred Partnership Interests in accordance with the Partners' their positive Capital Account balances, and then to the holders of Common Partnership Interests in accordance with their positive Capital Account balances, in each case after making the adjustments for allocations under Article V hereof.

Appears in 1 contract

Samples: Boykin Lodging Co

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Remaining Distribution. The remaining assets shall then be distributed to the Partners in accordance with the Partners' ’ positive Capital Account balances, after making the adjustments for allocations under Article V hereof.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Stonehaven Realty Trust)

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