TAX LOSSES PER FORM 1065. (a) The Sharing Percentages of the Partners from commencement date until losses as per Form 1065 equal the amount of their respective capital contributions shall be: GENERAL PARTNER 20% LIMITED PARTNER 80%
TAX LOSSES PER FORM 1065. (a) The Sharing Percentages of the Partners from commencement date until losses as per Form 1065 equal the amount of their respective capital contributions shall be: GENERAL PARTNER 20% LIMITED PARTNER 80% (b) The Sharing Percentages of the Partners from the date the losses as per Form 1065 equal the amount of their respective capital contributions until Payout shall be: GENERAL PARTNER 50% LIMITED PARTNER 50% (c) The Sharing Percentages of the Partners after Payout shall be: GENERAL PARTNER 50% LIMITED PARTNER 50% 4.02 TAXABLE INCOME PER FORM 1065 (a) Prior to Payout: GENERAL PARTNER 40% LIMITED PARTNER 60% (b) After Payout: GENERAL PARTNER 60% LIMITED PARTNER 40% ARTICLE V CAPITAL CONTRIBUTIONS OF PARTNERS 5.01
