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: Registration Rights Agreement (First Industrial Realty Trust Inc), Registration Rights Agreement (First Industrial Realty Trust Inc), Registration Rights 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: Registration Rights 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: Partnership Agreement (Easy Gardener Products LTD), 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: Cornell Corrections of Rhode Island, Inc., 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: 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) 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)
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: 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) 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: 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). ----------------- (d)
Appears in 1 contract
Samples: Fiber Glass Systems Lp
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 and 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).Regulations
Appears in 1 contract
