Interest in Partnership. Notwithstanding any other provision of this Agreement, no allocation of Profit or Loss (or item of Profit or Loss) will be made to a Partner if the allocation would not have "economic effect" under Treasury Regulations Section 1.704-1(b)(2)(ii)(a) or otherwise would not be in accordance with the Partner's interest in the Partnership within the meaning of Treasury Regulations Section 1.704-1(b)(3).
Appears in 11 contracts
Samples: Limited Partnership Agreement (First Industrial Lp), Limited Partnership Agreement (First Industrial Realty Trust Inc), Limited Partnership Agreement (First Industrial Lp)
Interest in Partnership. Notwithstanding any other provision of this Agreement, no allocation of Profit or Loss (or item of Profit or Loss) will be made to a Partner if the allocation would not have "“economic effect" ” under Treasury Regulations Section 1.704-1(b)(2)(ii)(a) or otherwise would not be in accordance with the Partner's ’s interest in the Partnership within the meaning of Treasury Regulations Section 1.704-1(b)(3).
Appears in 9 contracts
Samples: Limited Partnership Agreement (Corporate Office Properties, L.P.), Limited Partnership Agreement (First Industrial Lp), Limited Partnership Agreement (First Industrial Lp)
Interest in Partnership. Notwithstanding any other provision of this Agreement, no allocation of Profit or Loss (or item of Profit or Loss) will be made to a Partner if the allocation would not have "economic effect" ' under Treasury Regulations Section 1.704-1(b)(2)(ii)(a1(b)(2)(ii) or otherwise would not be in accordance with the Partner's interest in the Partnership within the meaning of Treasury Regulations Section 1.704-1(b)(3).
Appears in 4 contracts
Samples: Limited Partnership Agreement (Royale Investments Inc), Limited Partnership Agreement (Royale Investments Inc), Limited Partnership Agreement (Royale Investments Inc)
Interest in Partnership. Notwithstanding any other provision of this Agreement, no allocation of Profit or Loss (or item of Profit or Loss) Loss will be made to a Partner if the allocation would not have "economic effect" under Treasury Regulations Section 1.704-1(b)(2)(ii)(a1(b)(2)(ii) or otherwise would not be in accordance with the Partner's interest in the Partnership within the meaning of Treasury Regulations Section 1.704-1(b)(3) or 1.704-1(b)(4)(iv). The General Partner will have the authority to reallocate any item in accordance with this Section 5.2(c)(9).
Appears in 2 contracts
Samples: Limited Partnership Agreement (Easy Gardener Products LTD), Limited Partnership Agreement (Golfsmith International Holdings Inc)
Interest in Partnership. Notwithstanding any other provision of this Agreement, no allocation of Profit or Loss (or item of Profit or Loss) Loss will be made to a Partner if the allocation would not have "economic effect" under Treasury Regulations Section 1.704-1(b)(2)(ii)(a1(b)(2)(ii) or otherwise would not be in accordance with the Partner's interest in the Partnership within the meaning of Treasury Regulations Section 1.704-1(b)(3) or 1.704-1(b)(4)(iv). The General Partner will have the authority to reallocate any item in accordance with this Section 4.2(c)(9).
Appears in 2 contracts
Samples: Limited Partnership Agreement (Cornell Corrections of Rhode Island, Inc.), Limited Partnership Agreement (Cornell Corrections of Rhode Island, Inc.)
Interest in Partnership. Notwithstanding any other provision of ----------------------- this Agreement, no allocation of Profit or Loss (or item of Profit or Loss) Loss will be made to a Partner if the allocation would not have "economic effect" under Treasury Regulations Section 1.704-1(b)(2)(ii)(a1(b)(2)(ii) or otherwise would not be in accordance with the Partner's interest in the Partnership within the meaning of Treasury Regulations Section 1.704-1(b)(3) or 1.704-1(b)(4)(iv).. The General Partner will have the authority to reallocate any item in accordance with this Section 5.2(c)(9). -----------------
Appears in 1 contract
Samples: Limited Partnership Agreement (Fiber Glass Systems Lp)
Interest in Partnership. Notwithstanding any other provision of this Agreement, no allocation of Profit or Loss (or item of Profit or Loss) will be made to a Partner or Assignee if the allocation would not have "economic effect" under Treasury Regulations Section 1.704-1(b)(2)(ii)(a1(b)(2)(ii) or otherwise would not be in accordance with the PartnerPerson's interest in the Partnership within the meaning of Treasury Regulations Section 1.704- 1(b)(3) or 1.704-1(b)(31(b)(4)(iv).
Appears in 1 contract
Samples: Limited Partnership Agreement (Bay Apartment Communities Inc)
Interest in Partnership. Notwithstanding any other provision of ----------------------- this Agreement, no allocation of Profit or Loss (or item of Profit or Loss) Loss will be made to a Partner if the allocation would not have "economic effect" under Treasury Regulations Section 1.704-1(b)(2)(ii)(a1(b)(2)(ii) or otherwise would not be in accordance with the Partner's interest in the Partnership within the meaning of Treasury Regulations Section 1.704-1(b)(3) or 1.704- 1(b)(4)(iv).. The General Partner will have the authority to reallocate any item in accordance with this Section 5.2(c)(9). -----------------
Appears in 1 contract
Samples: Limited Partnership Agreement (Fiber Glass Systems Lp)
Interest in Partnership. Notwithstanding any other provision of this Agreement, no allocation of Profit or Loss (or item of Profit or and Loss) will be made to a Partner if the allocation would not have "“economic effect" ” under Treasury Regulations Regulations
Section 1.7041. 704-1(b)(2)(ii)(a1(b)(2)(ii) or otherwise would not be in accordance with the Partner's ’s interest in the Partnership within the meaning of Treasury Regulations Section Sections 1.704-1(b)(3) or 1.704-1(b)(4)(iv).
Appears in 1 contract
Interest in Partnership. Notwithstanding any other provision of this Agreement, no allocation of Net Profit or Net Loss (or item of Profit or Lossitems thereof) will be made to a Partner if the allocation would not have "economic effect" under Treasury Regulations Section 1.704-1(b)(2)(ii)(a1(b)(2)(ii) or otherwise would not be in accordance with the Partner's interest in the Partnership within the meaning of Treasury Regulations Section 1.704-1(b)(3) or 1.704-1(b)(4)(iv).
Appears in 1 contract
Interest in Partnership. Notwithstanding any other provision of this Agreement, no allocation of Profit or Loss (or item of Profit or Loss) will be made to a Partner if the allocation would not have "economic effect" under Treasury Regulations Section 1.704-1(b)(2)(ii)(a1(b)(2)(ii) or otherwise would not be in accordance with the Partner's interest in the Partnership within the meaning of Treasury Regulations Section 1.704-1(b)(3) or 1.704-1(b)(4)(iv).
Appears in 1 contract
Samples: Limited Partnership Agreement (Trinet Corporate Realty Trust Inc)
Interest in Partnership. Notwithstanding any other provision of this Agreement, no allocation of Profit or Loss (or item of Profit or Loss) Loss will be made to a Partner if the allocation would not have "economic effect" under Treasury Regulations Section 1.704-1(b)(2)(ii)(a1(b)(2)(ii) or otherwise would not be in accordance with the Partner's interest in the Partnership within the meaning of Treasury Regulations Section 1.704- 1(b)(3) or 1.704-1(b)(31(b)(4)(iv). The General Partner will have the authority to reallocate any item in accordance with this Section 5.2(c)(9).
Appears in 1 contract
Samples: Limited Partnership Agreement (Us Home & Garden Trust I)