World Point Terminals, LP | 2013 | FY | 3

If cash distributions to our unitholders exceed $0.345 per unit in any quarter, our unitholders and the holders of IDRs will receive distributions according to the following percentage allocations:
 
 
 
Total Quarterly
 
Marginal Percentage
 
 
 
Distribution
 
Interest in Distributions
 
 
 
 
 
 
 
 
 
Holders of
 
 
 
Target Amount
 
 
Unitholders
 
IDRs
 
Minimum Quarterly Distribution
 
 
$0.30
 
 
100
%
 
-
 
First Target Distribution
 
 
above $0.30 up to $0.345
 
 
100
%
 
-
 
Second Target Distribution
 
 
above $0.345 up to $0.375
 
 
85
%
 
15
%
Third Target Distribution
 
 
above $0.375 up to $0.450
 
 
75
%
 
25
%
Thereafter
 
 
Above $0.450
 
 
50
%
 
50
%

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