Transaction Distribution Amount. Second, 100% as a transaction distribution (the “Transaction Distribution Amount”) to the General Partner in respect of its Class C Interest, until the cumulative amount distributed to the General Partner in respect of its Class C Interest (taking into account all prior distributions made or deemed made to the General Partner in respect of its Class C Interest pursuant to this Section 6.1(b)) is equal to 3.75% of such Partner’s Invested Capital; except, that if the Minimum Condition has not been satisfied by the Long Stop Date, the Transaction Distribution Amount distributable pursuant to this Section 6.1(b) shall be reduced to an amount equal to 1.25% of such Partner’s Invested Capital;
Appears in 2 contracts
Samples: Limited Partnership Agreement (Brookfield Retail Holdings LLC), Limited Partnership Agreement (Brookfield Retail Holdings LLC)
Transaction Distribution Amount. Second, 100% as a transaction distribution (the “Transaction Distribution Amount”) to the General Partner Managing Member in respect of its Class C Interest, until the cumulative amount distributed to the General Partner Managing Member in respect of its Class C Interest (taking into account all prior distributions made or deemed made to the General Partner Managing Member in respect of its Class C Interest pursuant to this Section 6.1(b)) is equal to 3.75% of such PartnerMember’s Invested Capital; except, that if the Minimum Condition has not been satisfied by the Long Stop Date, the Transaction Distribution Amount distributable pursuant to this Section 6.1(b) shall be reduced to an amount equal to 1.25% of such PartnerMember’s Invested Capital;
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Brookfield Retail Holdings LLC), Limited Liability Company Agreement (Brookfield Retail Holdings LLC)