Common use of Effective Dates of Transfers Clause in Contracts

Effective Dates of Transfers. (a) Transfers pursuant to this Article 8 may be made on any day, but for purposes of this Agreement, the effective date of any such Transfer shall be (i) the first day of the month in which such Transfer occurred if such Transfer occurred on or prior to the fifteenth calendar day of a month, or (ii) the first day of the month immediately following the month in which such Transfer occurred, if such Transfer occurred after the fifteenth calendar day of a month, or such other date determined by the General Partner pursuant to such convention as may be administratively feasible and consistent with applicable law. (b) If any Partnership Interest is Transferred in compliance with the provisions of this Article 8 on any day other than the first day of a calendar year, then Profits and Losses, each item thereof and all other items attributable to such Partnership Interest for such year shall be allocated between the transferor and (in the case of a Transfer other than a redemption) the transferee by taking into account their varying interests during such year in accordance with Section 706(d) of the Code, using any method permitted thereunder. All distributions pursuant to Article 5 hereof attributable to such Transferred Partnership Interest (A) with respect to which the Partnership Record Date is before the effective date of such Transfer (other than a pledge, mortgage or other encumbrance) shall be made to the transferor, (B) with respect to the first Partnership Record Date after the effective date of such Transfer (other than a pledge, mortgage or other encumbrance) shall be paid to the transferor and to the transferee, ratably in accordance with their respective periods of ownership of the Partnership Interest transferred during the period with respect to which such distribution is made, and (C) all distributions after those described in clauses (i) and (ii) immediately above shall be made to the transferee.

Effective Dates of Transfers. (a) Transfers pursuant to this Article 8 IX may be made on any day, but for purposes of this Agreement, the effective date of any such Transfer shall be (i) the first day of the month in which such Transfer occurred if such Transfer occurred on or prior to the fifteenth calendar day of a month, or (ii) the first day of the month immediately following the month in which such Transfer transfer occurred, if such Transfer occurred after the fifteenth calendar day of a month, or such other date determined by the General Partner pursuant to such convention as may be administratively feasible and consistent with applicable law. (b) If any Partnership Interest is Transferred (other than the granting of a Permitted Limited Partnership Interest Lien) in compliance with the provisions of this Article 8 IX, on any day other than the first day of a calendar year, then Profits and LossesNet Income, Net Loss, each item thereof and all other items attributable to such Partnership Interest for such year shall be allocated between to the transferor and (Partner, or the redeemed or selling Partners, as the case may be, and, in the case of a Transfer other than a redemption) redemption or the granting of a Permitted Limited Partnership Interest Lien, to the transferee Partner, by taking into account their varying interests during such year in accordance with Section 706(d) of the Code, using any method permitted thereunderthe interim closing of the books method. All distributions pursuant to Article 5 hereof attributable to Solely for purposes of making such Transferred Partnership Interest (A) with respect to allocations, each of such items for the calendar month in which the Partnership Record Date is before the effective date of such a Transfer (other than the granting of a pledge, mortgage or other encumbranceLien) occurs shall be made to the transferor, (B) with respect to the first Partnership Record Date after the effective date of such Transfer (other than a pledge, mortgage or other encumbrance) shall be paid allocated to the transferor or transferee Partner as provided in Section 9.4(a), and to for purposes of Section 9.4(a), the transferee, ratably in accordance with their respective periods of ownership transferee shall be the owner of the Partnership Interest transferred during at the period with respect to close of business on any day on which such distribution is made, and (C) all distributions after those described in clauses (i) and (ii) immediately above shall be made to the transfereea Transfer takes place.

Effective Dates of Transfers. (a) Transfers pursuant to this Article 8 may be made on any day, but for purposes of this Agreement, Agreement the effective date of any such Transfer shall be (i) the first day of the month in which such Transfer occurred if such Transfer occurred on or prior to the fifteenth calendar day of a month, or (ii) the first day of the month immediately following the month in which such Transfer occurred, if such Transfer occurred after the fifteenth calendar day of a month, or such other date determined by the General Partner pursuant to such convention as may be administratively feasible and consistent with applicable law. (b) If any Partnership Interest is Transferred in compliance with the provisions of this Article 8 on any day other than the first day of a calendar year, then Profits and Losses, each item thereof and all other items attributable to such Partnership Interest for such year shall be allocated between the transferor and (in the case of a Transfer other than a redemption) the transferee by taking into account their varying interests during such year in accordance with Section 706(d) of the Code, using any method permitted thereunder. All distributions pursuant to Article 5 hereof attributable to such Transferred Partnership Interest (A) with respect to which the Partnership Record Date is before the effective date of such Transfer (other than a pledge, mortgage or other encumbrance) shall be made to the transferor, (B) with respect to the first Partnership Record Date after the effective date of such Transfer (other than a pledge, mortgage or other encumbrance) shall be paid to the transferor and to the transferee, ratably in accordance with their respective periods of ownership of the Partnership Interest transferred during the period with respect to which such distribution is made, and (C) all distributions after those described in clauses (i) and (ii) immediately above shall be made to the transferee.

Effective Dates of Transfers. (a) Transfers pursuant to this Article 8 9 may be made on any day, but for purposes of this Agreement, the effective date of any such Transfer transfer shall be (i) the first day of the month in which such Transfer transfer occurred if such Transfer transfer occurred on or prior to the fifteenth calendar day of a month, or (ii) the first day of the month immediately following the month in which such Transfer transfer occurred, if such Transfer transfer occurred after the fifteenth calendar day of a month, or such other date determined by the General Partner pursuant to such convention as may be administratively feasible and consistent with applicable law. (b) If any Partnership Interest or RP Unit is Transferred transferred or assigned in compliance with the provisions of this Article 8 9, on any day other than the first day of a calendar year, then Profits and LossesNet Income, Net Loss, each item thereof and all other items attributable to such Partnership Interest or RP Unit for such year shall be allocated between to the transferor and (transferor, and, in the case of a Transfer transfer or assignment other than a redemption) , to the transferee transferee, by taking into account their varying interests during such year in accordance with Section 706(d) of the Code, using any method permitted thereunder. All distributions pursuant to Article 5 Section 6.2 hereof attributable to such Transferred transferred Partnership Interest Interests or RP Units (Ai) with respect to which the Partnership Record Date is before the effective date of such Transfer transfer (other than a pledge, mortgage encumbrance, hypothecation or other encumbrancemortgage) shall be made to the transferor, and (Bii) with respect to the first any Partnership Record Date after the effective date of such Transfer transfer (other than a pledge, mortgage encumbrance, hypothecation or other encumbrancemortgage) shall be paid to the transferor and to the transferee, ratably in accordance with their respective periods of ownership of the Partnership Interest transferred during the period with respect to which such distribution is made, and (C) all distributions after those described in clauses (i) and (ii) immediately above shall be made to the transferee.

Effective Dates of Transfers. (a) Transfers pursuant to this Article 8 9 may be made on any day, but for purposes of this Agreement, the effective date of any such Transfer transfer shall be (i) the first day of the month in which such Transfer transfer occurred if such Transfer transfer occurred on or prior to the fifteenth calendar day of a month, or (ii) the first day of the month immediately following the month in which such Transfer transfer occurred, if such Transfer transfer occurred after the fifteenth calendar day of a month, or such other date determined by the General Partner pursuant to such convention as may be administratively feasible and consistent with applicable law. (b) If any Partnership Interest or Unit is Transferred transferred or assigned in compliance with the provisions of this Article 8 9, on any day other than the first day of a calendar year, then Profits and LossesNet Income, Net Loss, each item thereof and all other items attributable to such Partnership Interest or Unit for such year shall be allocated between to the transferor and (transferor, and, in the case of a Transfer transfer or assignment other than a redemption) , to the transferee transferee, by taking into account their varying interests during such year in accordance with Section 706(d) of the Code, using any method permitted thereunder. All distributions pursuant to Article 5 Section 6.2 hereof attributable to such Transferred transferred Partnership Interest Interests or Units (A) with respect to which the Partnership Record Date is before the effective date of such Transfer transfer (other than a pledge, mortgage encumbrance, hypothecation or other encumbrancemortgage) shall be made to the transferor, (B) with respect to the first Partnership Record Date after the effective date of such Transfer transfer (other than a pledge, mortgage encumbrance, hypothecation or other encumbrancemortgage) shall be paid to the transferor and to the transferee, ratably in accordance with their respective periods of ownership of the Partnership Interest or Units transferred during the period with respect to which such distribution is made, and (C) all distributions after those described in clauses (iA) and (iiB) immediately above shall be made to the transferee.

Effective Dates of Transfers. (a) Transfers pursuant to this Article 8 9 may be made on any day, but for purposes of this Agreement, the effective date of any such Transfer transfer shall be (i) the first day of the month in which such Transfer transfer occurred if such Transfer transfer occurred on or prior to the fifteenth calendar day of a month, or (ii) the first day of the month immediately following the month in which such Transfer transfer occurred, if such Transfer transfer occurred after the fifteenth calendar day of a month, or such other date determined by the General Partner pursuant to such convention as may be administratively feasible and consistent with applicable law. (b) If any Partnership Interest or Unit is Transferred transferred or assigned in compliance with the provisions of this Article 8 9, on any day other than the first day of a calendar year, then Profits and LossesNet Income, Net Loss, each item thereof and all other items attributable to such Partnership Interest or Unit for such year shall be allocated between to the transferor and (transferor, and, in the case of a Transfer transfer or assignment other than a redemption) , to the transferee transferee, by taking into account their varying interests during such year in accordance with Section 706(d) of the Code, using any method permitted thereunder. All distributions pursuant to Article 5 Section 6.2 hereof attributable to such Transferred transferred Partnership Interest Interests or Units (A) with respect to which the Partnership Record Date is before the effective date of such Transfer transfer (other than a pledge, mortgage encumbrance, hypothecation or other encumbrancemortgage) shall be made to the transferor, (B) with respect to the first Partnership Record Date after the effective date of such Transfer transfer (other than a pledge, mortgage encumbrance, hypothecation or other encumbrancemortgage) shall be paid to the transferor and to the transferee, ratably in accordance with their respective periods of ownership of the Partnership Interest or Units transferred during the period with respect to which such distribution is made, and (C) all distributions after those described in clauses (iA) and (iiB) immediately above shall be made to the transferee.. 46

Effective Dates of Transfers. (a) Transfers pursuant to this Article 8 9 may be made on any day, but for purposes of this Agreement, the effective date of any such Transfer transfer shall be (i) the first day of the month in which such Transfer transfer occurred if such Transfer transfer occurred on or prior to the fifteenth -45- 51 calendar day of a month, or (ii) the first day of the month immediately following the month in which such Transfer transfer occurred, if such Transfer transfer occurred after the fifteenth calendar day of a month, or such other date determined by the General Partner pursuant to such convention as may be administratively feasible and consistent with applicable law. (b) If any Partnership Interest or OP Unit is Transferred transferred or assigned in compliance with the provisions of this Article 8 9, on any day other than the first day of a calendar year, then Profits and LossesNet Income, Net Loss, each item thereof and all other items attributable to such Partnership Interest or OP Unit for such year shall be allocated between to the transferor and (transferor, and, in the case of a Transfer transfer or assignment other than a redemption) , to the transferee transferee, by taking into account their varying interests during such year in accordance with Section 706(d) of the Code, using any method permitted thereunder. All distributions pursuant to Article 5 Section 6.2 hereof attributable to such Transferred transferred Partnership Interest Interests or OP Units (Ai) with respect to which the Partnership Record Date is before the effective date of such Transfer transfer (other than a pledge, mortgage encumbrance, hypothecation or other encumbrancemortgage) shall be made to the transferor, and (Bii) with respect to the first any Partnership Record Date after the effective date of such Transfer transfer (other than a pledge, mortgage encumbrance, hypothecation or other encumbrancemortgage) shall be paid to the transferor and to the transferee, ratably in accordance with their respective periods of ownership of the Partnership Interest transferred during the period with respect to which such distribution is made, and (C) all distributions after those described in clauses (i) and (ii) immediately above shall be made to the transferee.