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Oi.d"~ <br />22 <br />10. Depreciation. <br />_ 10.1 Depreciation or amortization of the cost <br />of all Partnership property and assets {hereinafter sometimes <br />collectively called "depreciation") for each calendar year <br />ox fraction thereof shall be charged to the capital accounts <br />of the Partners as follows and in the following order of <br />priority: <br />10.1.1 An amount of such depreciation <br />up to the amount of net income for the calendar year or <br />fraction thereof which is credited to the capital accounts <br />of the Partners pursuant to Section 9.2..E shall first be <br />charged 20.88 to the capital accounts of the General Partners <br />and 79.2$ to the capital accounts of the Limited Partners. <br />10.1.2 'rhe remaining balance of such <br />depreciation, if any, shall next be charged to the capital <br />accounts of the Partners. <br />il. Distribution of Available Net Income. <br />11.1 As used in this Agreement, the term "avail- <br />able net income" for any calendar year or fractior. of a calendar <br />year shall mean the excess, if any, of (A) the net income of <br />the Partnership far such calendar year or fraction thereof as <br />de~Yained in accordance with Section 9.1.1, bu*_ before deduct- <br />(w) the fees of the Partnership provided in Section 16.1, <br />(x) any items of expense described or referred to in Section <br />u <br />R ~ ~ <br /> <br />