Allocation of Profit or Loss from a Sale A. Profit from any Sale (and Profit from any deemed Sale pursuant to Sections 4.4 or 4.5) shall be allocated in the following order of priority: (i) First, if one or more Partners or Investors has a negative balance in his Capital Account, to such Partners and Investors, in proportion to their negative Capital Accounts, until all such Capital Accounts have zero balances.
Appears in 5 contracts
Samples: Limited Partnership Agreement (Meridian Healthcare Growth & Income Fund LTD Partnership), Partnership Agreement (Meridian Healthcare Growth & Income Fund LTD Partnership), Limited Partnership Agreement (Meridian Healthcare Growth & Income Fund LTD Partnership)
Allocation of Profit or Loss from a Sale A. Profit from any Sale (and Profit from any deemed Sale pursuant to Sections 4.4 or 4.5) shall be allocated in the following order of priority: (i) First, if one or more Partners or Investors Unitholders has a negative balance in his Capital Account, to such Partners and InvestorsUnitholders, in proportion to their negative Capital Accounts, until all such Capital Accounts have zero balances.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Brown Benchmark Properties Limited Partnership), Limited Partnership Agreement (Brown Benchmark Properties Limited Partnership), Limited Partnership Agreement (Brown Benchmark Properties Limited Partnership)
Allocation of Profit or Loss from a Sale A. Profit from any Sale (and Profit from any deemed Sale pursuant to Sections 4.4 or Section 4.5) shall be allocated in the following order of priority: (i) First, if one or more Investors or Partners or Investors has a negative balance in his Capital Account, to such Partners and InvestorsInvestors or Partners, in proportion to their negative Capital Accounts, until all such Capital Accounts have zero balances.; A-10
Appears in 2 contracts
Samples: Limited Partnership Agreement (Realty Parking Properties Ii Lp), Limited Partnership Agreement (Realty Parking Properties Ii Lp)
