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7.10.7 Next, to the Administrative General Partner until the Administrative General Partner receives a distribution of 10% of the sum of 7.10.6 and 7.10.7, 7.10.8 Thereafter, to the Limited and Administrative General Partner simultaneously in the ratio of 90/10 respectively, 7.10,9. Notwithstanding anything to the contrary contained in this Agreement, if any Distributable Cash constitutes interest income received in connection with the sale or other disposition of all or any portion of the Partnership's assets (including "imputed interest "), cash equal to such interest received by the Partnership shall be distributed, during each year, among the Partners in the same ratio as the principal amount of such installment sale is distributed to the Partners during such year and such distribution shall not be treated as a distribution of Distributable Cash pursuant to subparagraphs 7.10.3 and 7.10,4; 7.10.10, Distribution of Cash from-0 arations, All periodic Distributions from Operations will be made in accordance with the partners interests in the partnership per Exhibit A, Column 1 until the limited Partners have received a 9% cash on cash return. The Partnership is authorized to execute a Note and Mortgage in order to secure a loan to be insured by the Secretary of Housing and Urban Development and to execute a Regulatory Agreement and other documents required by the Secretary in connection with such loan. Any incoming general partner shall, as a condition of receiving an interest in the Partnership, agree to be bound by the Note, Mortgage, and Regulatory Agreement and other documents required in connection with the PHA insured loan to the same extent and on the same terms as the other general partners. Upon any dissolution, no title or right to possession and control of the Project, and no right to collect the rents therefrom, shall pass to any person who is not bound by the Regulatory Agreement in a manner satisfactory to the Secretary, 7.10.11 Next, the Administrative General Partner will receive a distribution of 10% of the sum of 7. 10.10 and 7.10.11. 7.10.12Thereafter, in the ratio of Exhibit A, Column 2. 7,11, Allocations for Contributed Property; IRC Section 754 Adjustments. If any Partner contributes any property to the Partnership, gain or loss with respect to such property on the sale or other taxable disposition of such property and the depreciation or cost recovery deductions for such property shall be allocated to the Partners as required in IRC Section 704 (c). To the extent required pursuant to Treasury Regulations Section 1.704 -1 (b) (2) (iv) (m), the Partnership gain or loss, with respect to a Partner for whom the provisions of IRC Section 734 (b) or Section 743 (b) are applicable, shall be allocated in accordance with such provisions. Initial LP AgrOamant - SanLt Ana 9.1.159.1.15 L 1 • 1 46