Forfeiture Allocations. Upon a forfeiture of any Unvested LTIP Units by any Partner, gross items of income, gain, loss or deduction shall be allocated to such Partner if and to the extent required by final Regulations promulgated after the Effective Date to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b).
Appears in 25 contracts
Samples: Limited Partnership Agreement (Lineage, Inc.), Limited Partnership Agreement (Lineage, Inc.), Limited Partnership Agreement (Orion Office REIT Inc.)
Forfeiture Allocations. Upon a forfeiture of any Unvested LTIP Units or Unvested Performance Units by any Partner, gross items of income, gain, loss or deduction shall be allocated to such Partner if and to the extent required by final Regulations promulgated after the Effective Date to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b).
Appears in 14 contracts
Samples: Limited Partnership Agreement (Rexford Industrial Realty, Inc.), Limited Partnership Agreement (Parking REIT, Inc.), Agreement of Limited Partnership (Parking REIT, Inc.)
Forfeiture Allocations. Upon a forfeiture of any Unvested LTIP Units by any Partner, gross items of income, gain, loss or deduction shall be allocated to such Partner if and to the extent required by final Regulations promulgated after the Effective Date date hereof to ensure that allocations made with respect to all unvested Partnership Interests are recognized as having economic effect under Code Section 704(b).
Appears in 6 contracts
Samples: Contribution Agreement (City Office REIT, Inc.), Limited Partnership Agreement (City Office REIT, Inc.), Contribution Agreement (City Office REIT, Inc.)
Forfeiture Allocations. Upon a forfeiture of any Unvested Forfeitable LTIP Units by any Partner, gross items of income, gain, loss or deduction shall be allocated to such Partner if and to the extent required by final Regulations promulgated after the Effective Date to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b).
Appears in 5 contracts
Samples: Limited Partnership Agreement (Excel Trust, Inc.), Limited Partnership Agreement (Shearson American REIT, Inc.), Limited Partnership Agreement (Excel Trust, Inc.)
Forfeiture Allocations. Upon a forfeiture of any Unvested LTIP Units by any Partner, gross items of income, gain, loss or deduction shall be allocated to such Partner if and to the extent required by final Regulations promulgated after the Effective Date January 31, 2017 to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b).
Appears in 4 contracts
Samples: Limited Partnership Agreement (Aimco Properties L.P.), Limited Partnership Agreement (Apartment Income REIT Corp.), Limited Partnership Agreement (Apartment Income REIT Corp.)
Forfeiture Allocations. Upon Subject to Section 5.11.3 with respect to a forfeiture of certain LTIP Units, upon a forfeiture of any Unvested LTIP Units unvested Partnership Interest by any Partner, gross items of income, gain, loss or deduction shall be allocated to such Partner if and to the extent required by final Regulations promulgated after the Effective Date effective date of this Agreement to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b).
Appears in 4 contracts
Samples: Limited Partnership Agreement (Cottonwood Communities, Inc.), Limited Partnership Agreement (Cottonwood Communities, Inc.), Merger Agreement (Cottonwood Communities, Inc.)
Forfeiture Allocations. Upon a forfeiture of any Unvested LTIP Units by any PartnerMember, gross items of income, gain, loss or deduction shall be allocated to such Partner Member if and to the extent required by final Regulations promulgated after the Effective Date to ensure that allocations made with respect to all unvested Partnership Membership Interests are recognized under Code Section 704(b).
Appears in 4 contracts
Samples: Operating Agreement (Healthpeak Properties, Inc.), Limited Liability Company Agreement (Kimco Realty OP, LLC), Limited Liability Company Agreement (Kimco Realty Corp)
Forfeiture Allocations. Upon a forfeiture of any Unvested LTIP Units Partnership Unit by any Partner, gross items of income, gain, loss or deduction shall be allocated to such Partner if and to the extent required by final Treasury Regulations promulgated after the Effective Restatement Date to ensure that allocations made with respect to all unvested Unvested LTIP Partnership Interests Units are recognized under Code Section 704(b).
Appears in 3 contracts
Samples: Limited Partnership Agreement (Healthcare Realty Holdings, L.P.), Limited Partnership Agreement (Healthcare Trust of America, Inc.), Limited Partnership Agreement (Healthcare Trust of America, Inc.)
Forfeiture Allocations. Upon a forfeiture of any Unvested LTIP Units by any Partner, gross items of income, gain, loss or deduction shall be allocated to such Partner if and to the extent required by final Regulations promulgated after the Effective Date August 11, 2020 to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b).
Appears in 2 contracts
Samples: Limited Partnership Agreement (Aimco OP L.P.), Limited Partnership Agreement (Aimco OP L.P.)
Forfeiture Allocations. Upon a forfeiture of any Unvested LTIP Units by any Partner, gross items of income, gain, loss or deduction shall be allocated to such Partner if and to the extent required by final Regulations promulgated after the Effective Date to ensure that allocations made with respect to all unvested Partnership Interests Unvested LTIP Units are recognized under Code Section 704(b).
Appears in 2 contracts
Samples: Limited Partnership Agreement (Hot Springs Cottages Owner, LLC), Limited Partnership Agreement (Omega Healthcare Investors Inc)
Forfeiture Allocations. Upon a forfeiture of any Unvested LTIP Units by any Partner, gross items of income, gain, loss or deduction shall be allocated to such Partner if and to the extent required by final Regulations promulgated after the Effective Date to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b), but in no event shall such allocations affect the allocations to the Class A Partners.
Appears in 2 contracts
Samples: Amended and Restated Agreement of Limited Partnership (United Dominion Realty L P), Amended and Restated Agreement of Limited Partnership (UDR, Inc.)
Forfeiture Allocations. Upon a forfeiture of any Unvested LTIP Units by any Partner, gross items of income, gain, loss or deduction shall be allocated to such Partner if and to the extent required by final Regulations promulgated after the Effective Date to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b). Prior to the finalization of the Regulations described in the preceding sentence, the General Partner may make similar “forfeiture allocations” to the extent the General Partner determines such allocations are permitted by law.
Appears in 1 contract
Samples: Amended and Restated Agreement of Limited Partnership (CyrusOne Inc.)
Forfeiture Allocations. Upon a forfeiture of any Unvested LTIP Units by any Partner, gross items of income, gain, loss or deduction shall be allocated to such Partner if and to the extent required by final Regulations promulgated after the Effective Date date of this Agreement to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b).
Appears in 1 contract
Samples: Limited Partnership Agreement (International Market Centers, Inc.)
