Minimum Allocation to General Partner Sample Clauses
The Minimum Allocation to General Partner clause establishes a required minimum share of profits, losses, or interests that must be allocated to the general partner in a partnership or investment fund. Typically, this clause ensures that the general partner receives a specified percentage or amount, regardless of the overall performance or distribution to other partners. For example, it may guarantee the general partner at least a 1% interest in all allocations. The core function of this clause is to ensure the general partner maintains a meaningful economic stake in the partnership, aligning their interests with those of the limited partners and satisfying certain regulatory or tax requirements.
Minimum Allocation to General Partner. Notwithstanding any other provision of this Agreement, not less than one percent (1%) of the net income, net losses and credits from operations, and net gains and net losses from the dissolution and winding up of the Partnership shall, in all events, be allocated to the General Partner for each Fiscal Year, or part thereof, of the Partnership pursuant to this Section 7.
Minimum Allocation to General Partner. Notwithstanding anything ------------------------------------- in this Agreement to the contrary, but subject to the provisions of Section 4.2(b)(ii) and (iii), the General Partner shall be allocated pro rata at least one percent of each item of Partnership income, gain, loss, expense or deduction.
Minimum Allocation to General Partner. Notwithstanding anything to the contrary other than subsections (a), (b) and (c) above, the General Partners shall be allocated at least 1% of all items of Income and Loss.
Minimum Allocation to General Partner. Anything herein contained to the contrary notwithstanding, at all times during the existence of the Limited Partnership, there shall be allocated and paid to the General Partner not less than 1% of each item of Cash Flow, Refinancing Proceeds and Sale Proceeds of the Limited Partnership.
Minimum Allocation to General Partner. If, at any time, the allocation provisions of this Agreement do not result in the General Partner receiving in the aggregate an allocation of at least one percent of all the partnership items of income, gain, loss, expense, deduction or credit, then this Section 4.2(1) shall become operative and cause the General Partner to be allocated pro rata so much of each of those items as will cause the General Partner in the aggregate to be allocated at all times one percent of each of those items.