Common use of Forfeiture Allocations Clause in Contracts

Forfeiture Allocations. Upon a forfeiture of any 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 Treasury Regulations promulgated after the date hereof (or, if final Treasury Regulations have not yet been promulgated, to the extent determined by the General Partner, in its sole discretion, as necessary) to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b).

Forfeiture Allocations. Upon a forfeiture of any 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 Treasury Regulations promulgated after the date hereof (or, if final Treasury Regulations have not yet been promulgated, to the extent determined by the General Partner, in its sole discretion, as necessary) Effective Date to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b).

Forfeiture Allocations. Upon a forfeiture of any 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 Treasury Regulations promulgated after the date hereof (or, if final Treasury Regulations have not yet been promulgated, to the extent determined by the General Partner, in its sole discretion, as necessary) of this Agreement to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b).

Forfeiture Allocations. Upon a forfeiture of any 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 Treasury Regulations promulgated after the date hereof (or, if final Treasury Regulations have not yet been promulgated, to the extent determined by the General Partner, in its sole discretion, as necessary) to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b).

Forfeiture Allocations. Upon a forfeiture of any 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 Treasury Regulations promulgated after the date hereof (or, if final Treasury Regulations have not yet been promulgated, to the extent determined by the General Partner, in its sole discretion, as necessary) Effective Date to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b).

Forfeiture Allocations. Upon a forfeiture of any 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 Treasury Regulations promulgated after the date hereof (orJanuary 1, if final Treasury Regulations have not yet been promulgated, to the extent determined by the General Partner, in its sole discretion, as necessary) 2006 to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b).

Forfeiture Allocations. Upon Subject to Section 4.14(c) with respect to a forfeiture of certain LTIP Units, upon a forfeiture of any 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 Treasury Regulations promulgated after the effective date hereof (or, if final Treasury Regulations have not yet been promulgated, to the extent determined by the General Partner, in its sole discretion, as necessary) of this Agreement to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b).

Forfeiture Allocations. Upon a forfeiture of any 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 Treasury Regulations promulgated after the date hereof (or, if final Treasury Regulations have not yet been promulgated, to the extent determined by the General Partner, in its sole discretion, as necessary) Effective Date to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b). L. The Partnership Agreement is hereby amended by appending Exhibit F to this Amendment as Exhibit F to the Partnership Agreement.

Forfeiture Allocations. Upon a forfeiture of any 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 Treasury Regulations promulgated after the effective date hereof (or, if final Treasury Regulations have not yet been promulgated, of the Fourth Amendment to the extent determined by the General Partner, in its sole discretion, as necessary) this Agreement to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b).

Forfeiture Allocations. Upon a forfeiture of any 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 Treasury Regulations promulgated after the effective date hereof (or, if final Treasury Regulations have not yet been promulgated, of the Eighth Amendment to the extent determined by the General Partner, in its sole discretion, as necessary) this Agreement to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b). 9. Section 7.3 is hereby supplemented by adding the following paragraph (K) to the end thereof:

Forfeiture Allocations. Upon a forfeiture of any 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 Treasury Regulations promulgated after the effective date hereof (or, if final Treasury Regulations have not yet been promulgated, of the Tenth Amendment to the extent determined by the General Partner, in its sole discretion, as necessary) this Agreement to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b). 13. Section 3 of the Allocations Exhibit is hereby supplemented by adding the following new Sections 3.10 and 3.11 to the end thereof:

Forfeiture Allocations. Upon a forfeiture of any 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 Treasury Regulations promulgated after the date hereof (or, if final Treasury Regulations have not yet been promulgated, to the extent determined by the General Partner, in its sole discretion, as necessary) Effective Date to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b). 12. Except as expressly amended hereby, the Agreement shall remain in full force and effect.

Forfeiture Allocations. Upon a forfeiture of any 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 Treasury Regulations promulgated after the date hereof (or, if final Treasury Regulations have not yet been promulgated, to the extent determined by the General Partner, in its sole discretion, as necessary) Effective Date to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b). L. The Partnership Agreement is hereby amended by appending Exhibit G to this Amendment as Exhibit G to the Partnership Agreement.