Investor-Related Taxes Deemed to be Distributions. For purposes of determining allocations, including calculating the Incentive Allocation and the balance in a Capital Account's Loss Recovery Account, any Investor-Related Taxes related to a Limited Partner shall be deemed distributed from the Capital Account(s) of such Limited Partner to such Limited Partner and shall not be deemed to be expenses that reduce Net Capital Appreciation, increase Net Capital Depreciation or increase the balance of the Loss Recovery Account.
Appears in 5 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement, cdn2.hubspot.net
