Common use of Allocations to the General Partner Clause in Contracts

Allocations to the General Partner. Notwithstanding anything to the contrary that may be expressed or implied in this Agreement, if at any time the allocation provisions of Section 6.1 do not result in the allocation to the General Partner(s) of an aggregate of at least 1% of the net income, net loss or gain or loss on a Capital Transaction being allocated, the General Partner(s) shall be allocated 1% thereof.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Genesis Healthcare Corp), Limited Partnership Agreement (Genesis Healthcare Corp), Limited Partnership Agreement (Genesis Healthcare Corp)

AutoNDA by SimpleDocs

Allocations to the General Partner. Notwithstanding anything to the contrary that may be expressed or implied in this Agreement, if at any time the allocation provisions of Section 6.1 do not result in the allocation to the General Partner(s) of an aggregate of at least 1% of the net income, income and net loss or including gain or loss on a Capital Transaction being allocated, the General Partner(s) shall be allocated 1% thereof.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Genesis Healthcare Corp), Limited Partnership Agreement (Genesis Healthcare Corp)

AutoNDA by SimpleDocs

Allocations to the General Partner. Notwithstanding anything to the contrary that may be expressed or implied in this Agreement, if at any time the allocation provisions of Section 6.1 do not result in the allocation to the General Partner(s) ), of an aggregate of at least 1% of the net income, income and net loss or including gain or loss on a Capital Transaction being allocated, the General Partner(s) shall be allocated 1% thereof.

Appears in 1 contract

Samples: Limited Partnership Agreement (Genesis Healthcare Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!