Gross Income Allocations. In the event any Partner has a deficit balance in its Adjusted Capital Account at the end of any Partnership taxable period, such Partner shall be specially allocated items of Partnership gross income and gain in the amount of such excess as quickly as possible; provided, that an allocation pursuant to this Section 5.1(d)(v) shall be made only if and to the extent that such Partner would have a deficit balance in its Adjusted Capital Account after all other allocations provided for in this Section 5.1 have been tentatively made as if this Section 5.1(d)(v) were not in this Agreement.
Appears in 12 contracts
Samples: Limited Partnership Agreement (Ferrellgas L P), Limited Partnership Agreement (Ferrellgas Partners Finance Corp), Limited Partnership Agreement (Ferrellgas Finance Corp)
Gross Income Allocations. In the event any Partner has a deficit balance in its Adjusted Capital Account at the end of any Partnership taxable period, period such Partner shall be specially allocated items of Partnership gross income and gain in the amount of such excess as quickly as possible; provided, that an allocation pursuant to this Section 5.1(d)(v5.1(d)(iv) shall be made only if and to the extent that such Partner would have a deficit balance in its Adjusted Capital Account after all other allocations provided for in this Section 5.1 have been tentatively made as if this Section 5.1(d)(v5.1(d)(iv) were not in this Agreement.
Appears in 6 contracts
Samples: Limited Partnership Agreement (Ferrellgas Partners Finance Corp), Limited Partnership Agreement (Ferrellgas Finance Corp), Limited Partnership Agreement (Ferrellgas Partners L P)
Gross Income Allocations. In the event any Partner has a deficit balance in its Adjusted Capital Account adjusted capital account at the end of any Partnership taxable period, such Partner shall be specially allocated items of Partnership gross income and gain in the amount of such excess as quickly as possible; provided, that an allocation pursuant to this Section 5.1(d)(vsubsection 4.2(b)(v) shall be made only if and to the extent that such Partner would have a deficit balance in its Adjusted Capital Account adjusted capital account after all other allocations provided for in this Section 5.1 4.2 have been tentatively made as if this Section 5.1(d)(vsubsection 4.2(b)(v) were not in this the Agreement.
Appears in 5 contracts
Samples: Merger Agreement (Crestwood Midstream Partners LP), Merger Agreement, Limited Partnership Agreement (Oiltanking Partners, L.P.)
Gross Income Allocations. In the event any Partner has a deficit balance in its Adjusted Capital Account adjusted capital account at the end of any Partnership taxable period, such Partner shall be specially allocated items of Partnership gross income and gain in the amount of such excess as quickly as possible; provided, that an allocation pursuant to this Section 5.1(d)(vsubsection 5.01(b)(iv) shall be made only if and to the extent that such Partner would have a deficit balance in its Adjusted Capital Account adjusted capital account after all other allocations provided for in this Section 5.1 5.01 have been tentatively made as if this Section 5.1(d)(vsubsection 5.01(b)(iv) were not in this the Agreement.
Appears in 4 contracts
Samples: Agreement of Limited Partnership (Duncan Energy Partners L.P.), Agreement of Limited Partnership (Duncan Energy Partners L.P.), Agreement of Limited Partnership (Duncan Energy Partners L.P.)
Gross Income Allocations. In the event any Partner has a deficit balance in its Adjusted Capital Account at the end of any Partnership taxable period, such Partner shall be specially allocated items of Partnership gross income and gain in the amount of such excess as quickly as possible; provided, that an allocation pursuant to this Section 5.1(d)(v5.1(b)(iii) shall be made only if and to the extent that such Partner would have a deficit balance in its Adjusted Capital Account after all other allocations provided for in this Section 5.1 have been tentatively made as if this Section 5.1(d)(v5.1(b)(iii) were not in this the Agreement.
Appears in 4 contracts
Samples: Agreement of Limited Partnership (MBOW Four Star, L.L.C.), Limited Partnership Agreement (Capmark Finance Inc.), Limited Partnership Agreement (East Coast Power LLC)
Gross Income Allocations. In the event any Partner has a deficit balance in its Adjusted Capital Account at the end of any Partnership taxable period, such Partner shall be specially allocated items of Partnership gross income and gain in the amount of such excess as quickly as possible; provided, that an allocation pursuant to this Section 5.1(d)(v) shall be made only if and to the extent that such Partner would have a deficit balance in its Adjusted Capital Account as adjusted after all other allocations provided for in this Section 5.1 have been tentatively made as if this Section 5.1(d)(v) were not in this Agreement.
Appears in 3 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement (ONEOK Partners LP), Limited Partnership Agreement (ONEOK Partners LP)
Gross Income Allocations. In the event any Partner has a deficit balance in its Adjusted Capital Account adjusted capital account at the end of any Partnership taxable period, such Partner shall be specially allocated items of Partnership gross income and gain in the amount of such excess as quickly as possible; provided, that an allocation pursuant to this Section 5.1(d)(vsubsection 5.01(b)(v) shall be made only if and to the extent that such Partner would have a deficit balance in its Adjusted Capital Account adjusted capital account after all other allocations provided for in this Section 5.1 5.01 have been tentatively made as if this Section 5.1(d)(vsubsection 5.01(b)(v) were not in this the Agreement.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Duncan Energy Partners L.P.), Agreement of Limited Partnership (Duncan Energy Partners L.P.)
Gross Income Allocations. In the event any Partner has a deficit balance in its Adjusted Capital Account at the end of any Partnership taxable period, such Partner shall be specially allocated items of Partnership gross income and gain in the amount of such excess as quickly as possible; provided, that an allocation pursuant to this Section 5.1(d)(v) 5.1.4.5 shall be made only if and to the extent that such Partner would have a deficit balance in its Adjusted Capital Account in excess of such sum after all other allocations provided for in this Section 5.1 have been tentatively made as if Section 5.1.4.4 and this Section 5.1(d)(v) 5.1.4.5 were not in this Agreement.;
Appears in 2 contracts
Samples: Limited Partnership Agreement (Kaneb Pipe Line Partners L P), Limited Partnership Agreement (Kaneb Pipe Line Partners L P)
Gross Income Allocations. In the event any Partner has a deficit balance in its Adjusted Capital Account at the end of any Partnership taxable period, such Partner shall be specially allocated items of Partnership gross income and gain in the amount of such excess as quickly as possible; provided, that an allocation pursuant to this Section 5.1(d)(v5.1(c)(iv) shall be made only if and to the extent that such Partner would have a deficit balance in its Adjusted Capital Account after all other allocations provided for in this Section 5.1 have been tentatively made as if this Section 5.1(d)(v5.1(c)(iv) were not in this Agreement.
Appears in 2 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement (Kinder Morgan Energy Partners L P)
Gross Income Allocations. In the event any Partner has a deficit balance in its Adjusted Capital Account at the end of any Partnership taxable period, such Partner shall be specially allocated items of Partnership gross income and gain in the amount of such excess as quickly as possible; provided, that an allocation pursuant to this Section 5.1(d)(v5.1 (d)(iv) shall be made only if and to the extent that such Partner would have a deficit balance in its Adjusted Capital Account after all other allocations provided for in this Section 5.1 have been tentatively made as if this Section 5.1(d)(v5.1(d)(iv) were not in this Agreement.
Appears in 1 contract
Samples: Limited Partnership Agreement (Northern Border Partners Lp)
Gross Income Allocations. In the event any Partner has a deficit balance in its Adjusted Capital Account at the end of any Partnership taxable period, period such Partner shall be specially allocated items of Partnership gross gross. income and gain in the amount of such excess as quickly as possible; provided, that an allocation pursuant to this Section 5.1(d)(v5.1(d)(iv) shall be made only if and to the extent that such Partner would have a deficit balance in its Adjusted Capital Account after all other allocations provided for in this Section 5.1 have been tentatively made as if this Section 5.1(d)(v5.1(d)(iv) were not in this Agreement.
Appears in 1 contract
Samples: Limited Partnership Agreement (Ferrellgas Partners Finance Corp)
Gross Income Allocations. In the event any Partner has a deficit balance in its Adjusted Capital Account adjusted capital account at the end of any Partnership taxable period, such Partner shall be specially allocated items of Partnership gross income and gain in the amount of such excess as quickly as possible; provided, that an allocation pursuant to this Section 5.1(d)(vsubSection 4.2(b)(v) shall be made only if and to the extent that such Partner would have a deficit balance in its Adjusted Capital Account adjusted capital account after all other allocations provided for in this Section 5.1 4.2 have been tentatively made as if this Section 5.1(d)(vsubSection 4.2(b)(v) were not in this the Agreement.
Appears in 1 contract
Samples: Limited Partnership Agreement (Crestwood Midstream Partners LP)
Gross Income Allocations. In the event any Partner has a deficit balance in its Adjusted Capital Account at the end of any Partnership taxable period, such Partner shall be specially allocated items of Partnership gross income and gain in the amount of such excess as quickly as possible; provided, that an allocation pursuant to this Section 5.1(d)(v5.1(d)(iv) shall be made only if and to the extent that such Partner would have a deficit balance in its Adjusted Capital Account as adjusted after all other allocations provided for in this Section 5.1 have been tentatively made as if this Section 5.1(d)(v5.1(d)(iv) were not in this Agreement.
Appears in 1 contract
Gross Income Allocations. In the event any Partner has a deficit balance in its Adjusted Capital Account at the end of any Partnership taxable period, such Partner shall be specially allocated items of Partnership gross income and gain in the amount of such excess as quickly as possible; provided, that an allocation pursuant to this Section 5.1(d)(vparagraph b(iv) of this Article XII shall be made only if and to the extent that such Partner would have a deficit balance in its Adjusted Capital Account after all other allocations provided for in this Section 5.1 Article XII have been tentatively made as if this Section 5.1(d)(vparagraph b(iv) were was not in this Agreement.
Appears in 1 contract
Gross Income Allocations. In the event any Partner has a deficit balance in its Adjusted Capital Account at the end of any Partnership taxable period, period such Partner shall be specially allocated items of Partnership gross income and gain in the amount of such excess as quickly as possible; provided, that an allocation pursuant to this Section 5.1(d)(v5.1(d)(iv) shall be made only if and to the extent that such Partner would would
have a deficit balance in its Adjusted Capital Account after all other allocations provided for in this Section 5.1 have been tentatively made as if this Section 5.1(d)(v5.1(d)(iv) were not in this Agreement.
Appears in 1 contract
Samples: Limited Partnership Agreement (Eott Energy Canada Lp)