Common use of Amounts and Priority of Distributions Clause in Contracts

Amounts and Priority of Distributions. (a) Each distribution of Investment Proceeds initially shall be tentatively apportioned among the Contributing Partners in accordance with their Percentage Interests in the Investment from which the distribution is derived. Notwithstanding the previous sentence, each Limited Partner's share of such distribution shall be divided between such Limited Partner, on the one hand, and the General Partner, on the other hand, as follows: (i) first, 100% to such Limited Partner until such Limited Partner has received aggregate distributions pursuant to this clause (i) equal to such Limited Partner's aggregate Capital Contributions; Priority Return; (ii) second, 100% to such Limited Partner until such Limited Partner has received its (iii) third, 100% to the General Partner until cumulative distributions of Investments Proceeds under this clause (iii) equal 20% of the aggregation distributions made to the Partners pursuant to clause (ii) and this clause (iii) of this section 4.2(a);

Appears in 2 contracts

Sources: Limited Partnership Agreement, Limited Partnership Agreement