Common use of Return of Capital Determination Clause in Contracts

Return of Capital Determination. For purposes of computing the ------------------------------- return on the capital of the holder of Series C Preferred Partnership Units, the capital of a holder of the Series C Preferred Partnership Units attributable to each such Unit shall be treated as returned (x) when the Unit is redeemed by the Partnership or (y) to the extent that the Partnership has distributed with respect to such Unit an amount that exceeds the cumulative quarterly distributions accrued thereon, plus the difference between $25 and the amount contributed to the Partnership with respect to such Unit. Such return of capital determination is solely for the internal tax accounting purposes of the holders of the Series C Preferred Partnership Units and shall not in any way affect the distributions to the Partners under this Agreement or the allocations of Net Profit, Net Loss and other items under this Exhibit F. ---------

Appears in 2 contracts

Samples: Weeks Corp, Weeks Realty L P

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Return of Capital Determination. For purposes of computing the return ------------------------------- return on the capital of the holder of Series C Preferred Partnership Units, the capital of a holder of the Series C Preferred Partnership Units attributable to each such Unit shall be treated as returned (x) when the Unit is redeemed by the Partnership or (y) to the extent that the Partnership has distributed with respect to such Unit an amount that exceeds the cumulative quarterly distributions accrued thereon, plus the difference between $25 and the amount contributed to the Partnership with respect to such Unit. Such return of capital determination is solely for the internal tax accounting purposes of the holders of the Series C Preferred Partnership Units and shall not in any way affect the distributions to the Partners under this Partnership Agreement or the allocations of Net ProfitIncome, Net Loss and other items under this Exhibit F. ---------

Appears in 2 contracts

Samples: Weeks Realty L P, Weeks Corp

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