Common use of Distributions of Operating Cash Flow Clause in Contracts

Distributions of Operating Cash Flow. Operating Cash Flow for each Fiscal Year shall be distributed to the Partners in the following order of priority: (a) first, 95% to the Class B Interest Holders, 4% to the Class A Interest Holders and 1% to the General Partner until the Class B Interest Holders have received aggregate distributions for such Fiscal Year pursuant to this Section 6.01(a) and Section 6.03(a)(i) in an amount equal to 90% of the Preferred Return Amount for such Fiscal Year; (b) second, 50% to the Class B Interest Holders, 49% to the Class A Interest Holders and 1% to the General Partner until the Class B Interest Holders have received aggregate distributions pursuant to Section 6.03(a), Section 6.01(a) and this Section 6.01(b) for such Fiscal Year in an amount equal to the Preferred Return Amount for such Fiscal Year; (c) third, to the Partners pro rata in proportion to the balances in their respective Investment Income Accounts to the extent thereof; and (d) thereafter, to the Partners in accordance with their respective Sharing Ratios.

Appears in 1 contract

Sources: Limited Partnership Agreement (Heinz Hj Finance Co)

Distributions of Operating Cash Flow. Operating Cash Flow for each Fiscal Year shall be distributed to the Partners in the following order of priority: (a) first, 95% to the Class B Interest Holders, 4% to the Class A Interest Holders and 1% to the General Partner until the Class B Interest Holders have received aggregate distributions for such Fiscal Year pursuant to this Section 6.01(a) and Section 6.03(a)(i) in an amount equal to 9080% of the Preferred Return Amount for such Fiscal Year; (b) second, 5025% to the Class B Interest Holders, 4974% to the Class A Interest Holders and 1% to the General Partner until the Class B Interest Holders have received aggregate distributions pursuant to Section 6.03(a), Section 6.01(a) and this Section 6.01(b) for such Fiscal Year in an amount equal to the Preferred Return Amount for such Fiscal Year; (c) third, to the Partners pro rata in proportion to the balances in their respective Investment Income Accounts to the extent thereof; and (d) thereafter, to the Partners in accordance with their respective Sharing Ratios.

Appears in 1 contract

Sources: Limited Partnership Agreement (Heinz Hj Finance Co)