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80004996
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Last modified
1/13/2010 10:20:39 PM
Creation date
1/13/2010 10:19:24 PM
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DEEDS
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80004996
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11 <br />gQ..~ ~p4s96 <br />thereof from and after January i, 1982 and through the Deficit <br />Loan Termination Date, the General Partners shall, if rEquested, <br />make a loan to the Partnership of an amount equal to the <br />excess, if any, of tA) the sum of (i) all amounts required to <br />be paid for such year or fraction in respect of the amortiza- <br />tion of any debts of the Partnership, other than debts to the <br />extent paid out of the proceeds of any sale, refinancing, <br />capital contributions of -the Partners pursuant to Section 12.5 <br />or other capital transaction, rather than from operations, and <br />(ii) the amount of all capital expenditures for such year or <br />fraction thereof, as described in Section 11.3.1(a), over (B) <br />the sum of the net operating income of the Partnership and the <br />amount charged against the Cash Reserve Fund pursuant to <br />Section 11.3.1 for such year or fraction thereof; except that <br />if in any year or fraction thereof the Partnership has a net <br />operating loss, the amount of such Deficit Loan shall be the <br />sum of such net operating loss and the amount described in <br />subsection (A) hereof, less the amount charged against the <br />Cash Reserve Fund pursuant to Section 11.3.1. For pur- <br />poses of this Section 7.4, the terms "net operating income" <br />and 'net operating loss" shall mean the net income and net <br />loss, respectively, of the Partnership, as defined in Section <br />9.1.1, but computed without regard to tx) any payments <br />specified in Sections 7.4 and 16.1, and (y) all non-ogera- <br />tional costs and expenses incurred by the Partnership <br /> <br />u <br /> <br /> <br />
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