Minimum Interest of General Partner. Notwithstanding any indication to the contrary, the General Partner's interest in each item of Partnership income, gain, loss, deduction and credit shall be not less than 1%, except as otherwise required pursuant to Section 704(b) or Section 704(c) of the Code.
Appears in 3 contracts
Samples: Agreement (Txi Transportation Co), Txi Transportation Co, Txi Transportation Co
Minimum Interest of General Partner. Notwithstanding any indication to the contrary, the General Partner's interest in each item of Partnership income, gain, loss, deduction and credit shall be not less than 1.1%, except as otherwise required pursuant to Section 704(b) or Section 704(c) of the Code.
Appears in 2 contracts
Samples: Us Concrete Inc, Us Concrete Inc
Minimum Interest of General Partner. Notwithstanding any indication to the contrary, the General Partner's ’s interest in each item of Partnership income, gain, loss, deduction and credit shall be not less than 1%, except as otherwise required pursuant to Section 704(b) or Section 704(c) of the Code.
Appears in 2 contracts
Samples: Agreement (American Materials Transport, Inc.), American Materials Transport, Inc.
