Priority Allocation of Net Gain to Preferred Unit Holders and General Partner. From and after the time, if any, at which the CVR Payment Condition is satisfied, before allocating any net gain in connection with the Revaluation Event to any other Partnership Unit Holder, such net gain shall be allocated to the Preferred Unit Holders and the General Partner (with respect to GP Units only) on a pro rata basis until the Revaluation Capital Account balance in respect of each Preferred Unit Holder and the General Partner (with respect to GP Unit only) is equal to the aggregate Revaluation Capital Account balances of all Partnership Unit Holders immediately following the Revaluation Event multiplied by the Percentage Interest of such Preferred Unit Holder or the General Partner (with respect to GP Units only), respectively.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Artisan Partners Asset Management Inc.), Limited Partnership Agreement (Artisan Partners Asset Management Inc.)