Subsequent Events

9 Months Ended

Sep. 30, 2011

Subsequent Events [Abstract]

Subsequent Events

6. Subsequent Events

On October 31, 2011, the Partnership entered into a Loan Note Instrument (the “Agreement”) with an entity located in the United Kingdom for £1,700,000, with a term of eight years and interest accruing at 12% per annum. The Partnership made its initial payment under the Agreement on October 31, 2011 for £300,000 ($485,400 applying exchange rates at October 31, 2011). Repayment of the proceeds under the Agreement will not commence until three months after the project commencement date, which is defined as the date on which the project commences to earn revenue. The equipment is guaranteed by the entity’s parent company, also located in the United Kingdom. The Partnership expects to pay the remaining outstanding balance under the Agreement before the end of 2011.

During October 2011, the Partnership admitted an additional 26 Limited Partners with capital contributions totaling $1,677,400. At October 31, 2011, the Partnership incurred and paid to Securities $33,548 in distribution expenses related to the capital contributions raised during October 2011.