Third Level. The balance of the Net Receipts remaining, after the distributions under the First and Second Levels above, shall be distributed to the Members in proportion to their Percentage Interests. All Net Receipts distributable to Carlyle 14 and Carlyle 15 pursuant to this SECTION 2.06(b) shall be distributed in the ratio of their Percentage Interests.
Appears in 4 contracts
Samples: Operating Agreement (Carlyle Real Estate LTD Partnership Xv), Operating Agreement (Carlyle Real Estate LTD Partnership Xiv /Il/), Operating Agreement (Carlyle Real Estate LTD Partnership Xv)
