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3 <br />$~-~. 00499E <br />1.g "Partners` Arrearage" shall mean and <br />refer to the excess, if any, of: <br />(A} an amount equal to the sum of the <br />amounts for each month in each fiscal year of the <br />Partnership or fraction thereof from and after Janu- <br />ary 1, 1982 and up to, but not including, the then <br />current year determined by multiplying (i) one-twelfth <br />of the Unrecovered Capital of the Partners, determined <br />as of the beginning of each such month, by (ii) 118, <br />over (H} the sum of all amounts previously distributed <br />to the Partners pursuant to Sections 11.2.3 and 1"1.1.4; <br />provided, however, that for purposes of Article 21 the <br />"Partners' Arrearage" shall be determined as set fr~~th above, <br />except that the peziod for which such determination shall be <br />made shall include the then current year. <br />1.9 "Project" shall mean and refer to the <br />Grand island Mall, a shopping mall under construction that is <br />approximately Sd percent complete and which is situated on <br />the Land, but not including the 87.000 square feet on which <br />is located a Richmond-Gordon department store. <br />1.19 "Property" shall mean and refer to the <br />Lana and the Prflject. <br />1,11 "Tenant improvement Loan shall mean and <br />refer to a loan in the amount of 5700,900 from united Jersey <br />..J <br /> <br />