Common use of Second hereof Clause in Contracts

Second hereof. If and when such a return has been achieved, any and all brokerage fees previously earned by the General Partners shall be paid by the Partnership to the General Partners prior to any other distributions to the Partners.

Second hereof. If and when such a return has been achieved, any and all brokerage fees previously earned by the General Partners shall be paid by the Partnership to the General Partners prior to any other distributions to the Partners. If the General Partners participate with an independent broker on resale, the aforesaid subordination requirement shall apply only to the commission earned by the General Partners.