Intent of Allocations. The parties intend that the foregoing tax allocation provisions of this Article 3 shall produce final Capital Account balances of the Partners that will permit liquidating distributions made in accordance with final Capital Account balances under Section 4.2.3 to be made (after unpaid loans and interest thereon, including those owed to Partners have been paid) in a manner identical to the order of priorities set forth in Sections 4.1.1 and 4.
Appears in 4 contracts
Samples: Limited Partnership Agreement (3100 Glendale Joint Venture), Limited Partnership Agreement (3100 Glendale Joint Venture), Limited Partnership Agreement (3100 Glendale Joint Venture)
Intent of Allocations. The parties intend that the foregoing tax allocation provisions of this Article 3 shall produce final Capital Account balances of the Partners Members that will permit liquidating distributions made in accordance with final Capital Account balances under Section 4.2.3 to be made (after unpaid loans and interest thereon, including those owed to Partners Members have been paid) in a manner identical to the order of priorities set forth in Sections 4.1.1 and 4.
Appears in 3 contracts
Samples: Operating Agreement (3100 Glendale Joint Venture), Operating Agreement (3100 Glendale Joint Venture), Operating Agreement (3100 Glendale Joint Venture)
Intent of Allocations. The parties intend that the foregoing tax allocation provisions of this Article 3 shall produce final Capital Account balances of the Partners that will would permit liquidating distributions, if such distributions were made in accordance with final Capital Account balances under Section 4.2.3 to be (instead of being made (after unpaid loans and interest thereon, including those owed to Partners have been paid) in a manner identical to the order of priorities set forth in Sections 4.1.1 4.1 and 4.
Appears in 2 contracts
Samples: Partnership Agreement (Mack Cali Realty L P), Limited Partnership Agreement (Mack Cali Realty L P)
Intent of Allocations. The parties intend that the foregoing tax allocation provisions of this Article 3 shall produce final Capital Account balances of the Partners that will permit liquidating distributions made in accordance with final Capital Account balances under Section 4.2.3 to be made (after unpaid loans and interest thereon, including those owed to Partners have been paid) in a manner identical to the order of priorities set forth in Sections 4.1.1 and 4.of
Appears in 1 contract
Samples: Limited Partnership Agreement (3100 Glendale Joint Venture)
Intent of Allocations. The parties intend that the foregoing tax allocation provisions of this Article 3 shall produce final Capital Account balances of the Partners Venturers that will permit liquidating distributions made in accordance with final Capital Account balances under Section 4.2.3 to be made (after unpaid loans and interest thereon, including those owed to Partners Venturers have been paid) in a manner identical to the order of priorities set forth in Sections 4.1.1 and 4.
Appears in 1 contract
Samples: Joint Venture Agreement (3100 Glendale Joint Venture)
Intent of Allocations. The parties Parties intend that the foregoing tax allocation provisions of this Article 3 shall produce final Capital Account balances of the Partners that will permit liquidating distributions made in accordance with final Capital Account balances under Section 4.2.3 to be made (after unpaid loans and interest thereon, including those owed to Partners have been paid) in a manner identical to the order of priorities set forth in Sections 4.1.1 and 4.
Appears in 1 contract
Samples: Limited Partnership Agreement (3100 Glendale Joint Venture)