COST AND EXPENSE OF TRANSFER; ALLOCATION OF PROFITS AND LOSSES. All costs and expenses incurred by the Partnership in connection with any disposition of a Partner's interest, including any filing, recording and publishing costs and the fees and disbursements of counsel, shall be paid by the Partner disposing of such interest. If an interest in the Partnership is disposed of pursuant to this Article VIII, the selling Partner shall nevertheless be entitled to a portion of the profits and be charged with a portion of the losses allocated to such interest or part thereof for the fiscal year of the Partnership in which such disposition occurs, consistent with Section 7.7 above.
Appears in 5 contracts
Samples: Limited Partnership Agreement (Behringer Harvard Short Term Opportunity Fund I Lp), Limited Partnership Agreement (Behringer Harvard Short Term Opportunity Fund I Lp), Limited Partnership Agreement (Behringer Harvard Short Term Opportunity Fund I Lp)
COST AND EXPENSE OF TRANSFER; ALLOCATION OF PROFITS AND LOSSES. All costs and expenses incurred by the Partnership in connection with any disposition of a Partner's interest, including any filing, recording and publishing costs and the fees and disbursements of counsel, shall be paid by the Partner disposing of such interest. If an interest in the Partnership is disposed of pursuant to this Article VIIIArticle, the selling Partner shall nevertheless be entitled to a portion of the profits and be charged with a portion of the losses allocated to such interest or part thereof for the fiscal year of the Partnership in which such disposition occurs, consistent with Section 7.7 above.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Behringer Harvard Short Term Opportunity Fund I Lp), Limited Partnership Agreement (Behringer Harvard Short Term Opportunity Fund I Lp)
COST AND EXPENSE OF TRANSFER; ALLOCATION OF PROFITS AND LOSSES. All costs and expenses incurred by the Partnership (except the fees and disbursements of counsel) in connection with any disposition of a Partner's interest’s interest or sale of a Deferred Parcel, including any filing, recording and publishing costs and the fees and disbursements of counselcosts, shall be paid by the Partner disposing purchasing Class of such interestPartners. If an interest in the Partnership is disposed of pursuant to this Article VIII, the selling Partner shall nevertheless be entitled to a portion of the profits and be charged with a portion of the losses allocated to such interest or part thereof for the fiscal year of the Partnership in which such disposition occurs, consistent with Section 7.7 above.
Appears in 1 contract
Samples: Limited Partnership Agreement (Behringer Harvard Opportunity REIT I, Inc.)
