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HomeMy WebLinkAbout0058 ~ ~ i No partner shall have the right to demand property other than cash on any distribution being made by the General Partner, l and no interest shall be paid to any partner on his contribution to capital. The "capital account" of a partner, as of ar_y date, is hereby f'n d o mean its contribution if an to the ca~ital of the ~ de i e t , y, p Partnership, properly adjusted to reflect: (a) Its distributive share of the Partnership's profits and losses (including if said date is not the close•of the Partnership's fiscal year, its distributive share of the Partnership's fiscal ; year, its distributive share of the Partnership's profits and losses ~ ~ ~ for the period from the close of the last such fiscal year to said ~ date), and " ~ ~ (b) Distributions (but not payments on indebtedness made ~ pursuant to paragraph 9B and 9C below) by the Partnership to it _ ~ (including, if said date is not the close of the Partnership's ~ fiscal year, distributions by the Partnership to it from the close of the last such fiscal year to said date). (c) In the event that any part of the real property, des- ~ ~ cribed in Schedule I hereto should be sold before "Site Ymprovement" ' - ~ ~ as defined hereinafter, then notwithstanding the general rule of ~ ~ equal distribution of profits and losses set forth above, the profits from any such sale or sale shall be specially allocated i , ~ ~p , -7- 800K~~ PAGE iJC7 ~ d`" ~ _ `~.t~ ~