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A I don’t know what you mean by “regularly.”
Q Were they made as provided for in the partnership
agreement?
A To the best of my ability, yes.
Q Were you aware that the partnership agreement
called for them to be paid quarterly?
A Not specifically, no.
Q You recall how often you made guaranteed payments
to him?
A I took the approach that I would look at
receivables, and distributions were entirely within my
control, and if the dollars were sitting there, I would
possibly make distributions. It could have been as
often as monthly; I don’t recall, as I sit here.
Q How did you compute the amount of the guaranteed
payments?
A I don’t understand. What do you mean, how did I
compute it?
Q How did--how did you compute the amounts that you
paid? Did you compute them? I mean, they were 4.25
percent of the portfolio, right?
A Oh, I don’t know if I did it--
Q Of the capital--I’m sorry; I stand corrected. The
capital account. They were supposed to be 4.25 percent
of the capital account.
A That’s my--that’s my understanding, yes.
Q Did you make computations when you made those
guaranteed payments?
A It seems to me I did, yes.
Q Did you do them in writing?
A Well, I did them, and then I asked the accountant
to double-check me on all of them--
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