Allocation of Gains. Any net gains shall be allocated as follows: (i) First, net gains shall be allocated to each Partner with a deficit Capital Account, in the same ratio as the deficit in such Partner’s Capital Account bears to the aggregate of all such deficits, until all such deficits are reduced to zero; (ii) Next, to each Limited Partner, to the extent his Capital Account, after the allocation described in Subsection 7.2(a) (1) above, is less than his Capital Investment (the “Capital Investment Deficit”), in the same proportions as the Capital Investment Deficit in each Limited Partner’s Capital Account bears to the aggregate Capital Investment Deficits of all such Limited Partners, until the Capital Investment Deficits of all Limited Partners are reduced to zero; (iii) Next, to the General Partner, to the extent of its Capital Investment Deficit; and (iv) The balance, if any, to the Limited Partners and to the General Partner in proportion to their ownership of Partnership Interests.
Appears in 5 contracts
Samples: Limited Partnership Agreement (UHS of Timberlawn, Inc.), Limited Partnership Agreement (UHS of Timberlawn, Inc.), Limited Partnership Agreement (UHS of Timberlawn, Inc.)
Allocation of Gains. Any net gains shall be allocated as follows:
(i) First, net gains shall be allocated to each Partner with a deficit Capital Account, in the same ratio as the deficit in such Partner’s Capital Account bears to the aggregate of all such deficits, until all such deficits are reduced to zero;
(ii) Next, to each Limited Partner, to the extent his Capital Account, after the allocation described in Subsection 7.2(a) (1) above, is less than his Capital Investment (the “Capital Investment Deficit”), in the same proportions as the Capital Investment Deficit in each Limited Partner’s Capital Account bears to the aggregate Capital Investment Deficits of all such Limited Partners, until the Capital Investment Deficits of all Limited Partners are reduced to zero;; TEXAS XXXXXX XXXXX HOSPITAL, L.P.
(iii) Next, to the General Partner, to the extent of its Capital Investment Deficit; and
(iv) The balance, if any, to the Limited Partners and to the General Partner in proportion to their ownership of Partnership Interests.
Appears in 2 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement (UHS of Timberlawn, Inc.)
Allocation of Gains. Any net gains shall be allocated as follows:
(i) First, net gains shall be allocated to each Partner with a deficit Capital Account, in the same ratio as the deficit in such Partner’s Capital Account bears to the aggregate of all such deficits, until all such deficits are reduced to zero;
(ii) Next, to each Limited Partner, to the extent his Capital Account, after the allocation described in Subsection 7.2(a) (1) above, is less than his Capital Investment (the “Capital Investment Deficit”), in the same proportions as the Capital Investment Deficit in each Limited Partner’s Capital Account bears to the aggregate Capital Investment Deficits of all such Limited Partners, until the Capital Investment Deficits of all Limited Partners are reduced to zero;; TEXAS SAN MARCOS TREATMENT CENTER, L.P.
(iii) Next, to the General Partner, to the extent of its Capital Investment Deficit; and
(iv) The balance, if any, to the Limited Partners and to the General Partner in proportion to their ownership of Partnership Interests.
Appears in 1 contract
Samples: Limited Partnership Agreement (UHS of Timberlawn, Inc.)
Allocation of Gains. Any net gains shall be allocated as follows:
(i) First, net gains shall be allocated to each Partner with a deficit Capital Account, in the same ratio as the deficit in such Partner’s Capital Account bears to the aggregate of all such deficits, until all such deficits are reduced to zero;
(ii) Next, to each Limited Partner, to the extent his Capital Account, after the allocation described in Subsection 7.2(a) (1) above, is less than his Capital Investment (the “Capital Investment Deficit”), in the same proportions as the Capital Investment Deficit in each Limited Partner’s Capital Account bears to the aggregate Capital Investment Deficits of all such Limited Partners, until the Capital Investment Deficits of all Limited Partners are reduced to zero;; TEXAS WEST OAKS HOSPITAL, L.P.
(iii) Next, to the General Partner, to the extent of its Capital Investment Deficit; and
(iv) The balance, if any, to the Limited Partners and to the General Partner in proportion to their ownership of Partnership Interests.
Appears in 1 contract
Samples: Limited Partnership Agreement (UHS of Timberlawn, Inc.)
Allocation of Gains. Any net gains shall be allocated as follows:
(i) First, net gains shall be allocated to each Partner with a deficit Capital Account, in the same ratio as the deficit in such Partner’s Capital Account bears to the aggregate of all such deficits, until all such deficits are reduced to zero;
(ii) Next, to each Limited Partner, to the extent his Capital Account, after the allocation described in Subsection 7.2(a) (1) above, is less than his Capital Investment (the “Capital Investment Deficit”), in the same proportions as the Capital Investment Deficit in each Limited Partner’s Capital Account bears to the aggregate Capital Investment Deficits of all such Limited Partners, until the Capital Investment Deficits of all Limited Partners are reduced to zero;; SHC-KPH, LP
(iii) Next, to the General Partner, to the extent of its Capital Investment Deficit; and
(iv) The balance, if any, to the Limited Partners and to the General Partner in proportion to their ownership of Partnership Interests.
Appears in 1 contract
Samples: Limited Partnership Agreement (UHS of Timberlawn, Inc.)
Allocation of Gains. Any net gains shall be allocated as follows:
(i) First, net gains shall be allocated to each Partner with a deficit Capital Account, in the same ratio as the deficit in such Partner’s Capital Account bears to the aggregate of all such deficits, until all such deficits are reduced to zero;
(ii) Next, to each Limited Partner, to the extent his Capital Account, after the allocation described in Subsection 7.2(a) (1) above, is less than his Capital Investment (the “Capital Investment Deficit”), in the same proportions as the Capital Investment Deficit in each Limited Partner’s Capital Account bears to the aggregate Capital Investment Deficits of all such Limited Partners, until the Capital Investment Deficits of all Limited Partners are reduced to zero;; NEURO INSTITUTE OF AUSTIN, L.P.
(iii) Next, to the General Partner, to the extent of its Capital Investment Deficit; and
(iv) The balance, if any, to the Limited Partners and to the General Partner in proportion to their ownership of Partnership Interests.
Appears in 1 contract
Samples: Limited Partnership Agreement (UHS of Timberlawn, Inc.)
Allocation of Gains. Any net gains shall be allocated as follows:
(i) First, net gains shall be allocated to each Partner with a deficit Capital Account, in the same ratio as the deficit in such Partner’s Capital Account bears to the aggregate of all such deficits, until all such deficits are reduced to zero;
(ii) Next, to each Limited Partner, to the extent his Capital Account, after the allocation described in Subsection 7.2(a) (1) above, is less than his Capital Investment (the “Capital Investment Deficit”), in the same proportions as the Capital Investment Deficit in each Limited Partner’s Capital Account bears to the aggregate Capital Investment Deficits of all such Limited Partners, until the Capital Investment Deficits of all Limited Partners are reduced to zero;; TEXAS CYPRESS CREEK HOSPITAL, L.P.
(iii) Next, to the General Partner, to the extent of its Capital Investment Deficit; and
(iv) The balance, if any, to the Limited Partners and to the General Partner in proportion to their ownership of Partnership Interests.
Appears in 1 contract
Samples: Limited Partnership Agreement (UHS of Timberlawn, Inc.)