Common use of Allocation of Revenues Clause in Contracts

Allocation of Revenues. A. Investment Income will be allocated 99% to the Unit Holders and 1% to the General Partner. Except as otherwise provided in this Article Five and in Section 4.3F, until Payout, all other Partnership Revenues will be allocated 95% to the Unit Holders and 5% to the General Partner. After Payout, Revenues will be allocated 85% to the Unit Holders and 15% to the General Partner; provided, however, that if, at Payout, the total amount of cash distributed by the Partnership to the Unit Holders from the commencement of the Property Investment Period has averaged on a twelve-month basis an amount that is less than 12% of the Unit Holders' Subscriptions, the percentage of Revenues allocated to the General Partner will increase to only 10% and the Unit Holders will be allocated 90% thereof until such time, if ever, that the distributions to the Unit Holders from the commencement of the Property Investment Period reaches a twelve-month average equal to at least 12% of the Unit Holders' Subscriptions, at which time Revenues will thereafter be allocated 15% to the General Partner and 85% to the Unit Holders. As used herein the "Property Investment Period" shall mean that period which begins with the first day of the calendar quarter following either (i) the calendar quarter during which 90% of the Partnership's capital available for purchasing Producing Properties has been so expended, or (ii) the calendar quarter in which 50% of the Partnership's capital available for purchasing Producing Properties has been so expended, as the General Partner shall elect. Where proceeds from the Sale of all or any part of the Partnership's Producing Properties are distributed to the Partners and a portion of the distributable amount attributable to such Sale proceeds is sufficient in amount to cause Payout to occur in accordance with the allocation percentages in effect until Payout, Payout shall be deemed to occur such that Revenues attributable to the distributed portion of such Sale proceeds in excess of the portion of Sales proceeds sufficient in amount to cause Payout to occur shall be allocated in accordance with the allocation percentages in effect after Payout.

Allocation of Revenues. A. Investment Income will be allocated 99% to the Unit Holders and 1% to the General Partner. Except as otherwise provided in this Article Five and in Section 4.3F, until Payout, all other Partnership Revenues will be allocated 95% to the Unit Holders and 5% to the General Partner. After Payout, Revenues will be allocated 85% to the Unit Holders and 15% to the General Partner; provided, however, that if, at Payout, the total amount of cash distributed by the Partnership to the Unit Holders from the commencement of the Property Investment Period has averaged on a twelve-month basis an amount that is less than 12% of the Unit Holders' Subscriptions, the percentage of Revenues allocated to the General Partner will increase to only 10% and the Unit Holders will be allocated 90% thereof until such time, if ever, that the distributions to the Unit Holders from the commencement of the Property Investment Period reaches a twelve-month average equal to at least 12% of the Unit Holders' Subscriptions, at which time Revenues will thereafter be allocated 15% to the General Partner and 85% to the Unit Holders. As used herein herein, the "Property Investment Period" shall mean that period which begins with the first day of the calendar quarter following either (i) the calendar quarter during which either 90% or 50%, as the General Partner shall elect, of the Partnership's capital available for purchasing Producing Properties Net Profits Interests and Royalties has been so expended, or (ii) the calendar quarter in which 50% of the Partnership's capital available for purchasing Producing Properties has been so expended, as the General Partner shall elect. Where proceeds from the Sale sale of all or any part of the Partnership's Producing Properties Net Profits Interests and Royalties are distributed to the Partners and a portion of the distributable amount attributable to such Sale sale proceeds is sufficient in amount to cause Payout to occur in accordance with the allocation percentages in effect until Payout, Payout shall be deemed to occur such that Revenues attributable to the distributed portion of such Sale sale proceeds in excess of the portion of Sales sales proceeds sufficient in amount to cause Payout to occur shall be allocated in accordance with the allocation percentages in effect after Payout.

Allocation of Revenues. A. Investment Income will be allocated 99% to the Unit Holders and 1% to the General Partner. Except as otherwise provided in this Article Five and in Section 4.3F, until Payout, all other Partnership Revenues will be allocated 95% to the Unit Holders and 5% to the General Partner. After Payout, Revenues will be allocated 85% to the Unit Holders and 15% to the General Partner; provided, however, that if, at Payout, the total amount of cash distributed by the Partnership to the Unit Holders from the commencement of the Property Investment Period has averaged on a twelve-month basis an amount that is less than 12% of the Unit Holders' Subscriptions, the percentage of Revenues allocated to the General Partner will increase to only 10% and the Unit Holders will be allocated 90% thereof until such time, if ever, that the distributions to the Unit Holders from the commencement of the Property Investment Period reaches a twelve-month average equal to at least 12% of the Unit Holders' Subscriptions, at which time Revenues will thereafter be allocated 15% to the General Partner and 85% to the Unit Holders. As used herein the "Property Investment Period" shall mean that period which begins with the first day of the calendar quarter following either (iI) the calendar quarter during which 90% of the Partnership's capital available for purchasing Producing Properties has been so expended, or (ii) the calendar quarter in which 50% of the Partnership's capital available for purchasing Producing Properties has been so expended, as the General Partner shall elect. Where proceeds from the Sale of all or any part of the Partnership's Producing Properties are distributed to the Partners and a portion of the distributable amount attributable to such Sale proceeds is sufficient in amount to cause Payout to occur in accordance with the allocation percentages in effect until Payout, Payout shall be deemed to occur such that Revenues attributable to the distributed portion of such Sale proceeds in excess of the portion of Sales proceeds sufficient in amount to cause Payout to occur shall be allocated in accordance with the allocation percentages in effect after Payout.

Allocation of Revenues. A. Investment Income will be allocated 99% to the Unit Holders and 1% to the General Partner. Except as otherwise provided in this Article Five and in Section 4.3F4. 3F, until Payout, all other Partnership Revenues will be allocated 95% to the Unit Holders and 5% to the General Partner. After Payout, Revenues will be allocated 85% to the Unit Holders and 15% to the General Partner; provided, however, that if, at Payout, the total amount of cash distributed by the Partnership to the Unit Holders from the commencement of the Property Investment Period has averaged on a twelve-month basis an amount that is less than 12% of the Unit Holders' Subscriptions, the percentage of Revenues allocated to the General Partner will increase to only 10% and the Unit Holders will be allocated 90% thereof until such time, if ever, that the distributions to the Unit Holders from the commencement of the Property Investment Period reaches a twelve-month average equal to at least 12% of the Unit Holders' Subscriptions, at which time Revenues will thereafter be allocated 15% to the General Partner and 85% to the Unit Holders. As used herein the "Property Investment Period" shall mean that period which begins with the first day of the calendar quarter following either (i) the calendar quarter during which 90% of the Partnership's capital available for purchasing Producing Properties has been so expended, or (ii) the calendar quarter in which 50% of the Partnership's capital available for purchasing Producing Properties has been so expended, as the General Partner shall elect. Where proceeds from the Sale of all or any part of the Partnership's Producing Properties are distributed to the Partners and a portion of the distributable amount attributable to such Sale proceeds is sufficient in amount to cause Payout to occur in accordance with the allocation percentages in effect until Payout, Payout shall be deemed to occur such that Revenues attributable to the distributed portion of such Sale proceeds in excess of the portion of Sales proceeds sufficient in amount to cause Payout to occur shall be allocated in accordance with the allocation percentages in effect after Payout.