Net Income. After giving effect to the special allocations set forth in Section 1 of Exhibit C, Net Income shall be allocated (i) first, to the General Partner to the extent that Net Losses previously allocated to the General Partner pursuant to the last sentence of Section 6.1.B exceed Net Income previously allocated to the General Partner pursuant to this clause (i) of Section 6.1.A, and (ii) thereafter, Net Income shall be allocated to the Partners in accordance with their respective Partnership Interests.
Appears in 13 contracts
Samples: Crescent Real Estate Equities Co, Crescent Real Estate Equities Co, Crescent Real Estate Equities Co
Net Income. After giving effect to the special allocations set forth in Section 1 of Exhibit CC and the allocations set forth in Section 6.3 below, Net Income shall be allocated (i) first, to the General Partner to the extent that Net Losses previously allocated to the General Partner pursuant to the last sentence of Section 6.1.B exceed Net Income previously allocated to the General Partner pursuant to this clause (i) of Section 6.1.A, and (ii) thereafter, Net Income shall be allocated to the Partners in accordance with their respective Partnership Interests.
Appears in 8 contracts
Samples: Crescent Real Estate Equities Co, Crescent Real Estate Equities Co, Crescent Real Estate Equities Co
Net Income. After giving effect to the special allocations set forth in Section 1 of Exhibit C, Net Income shall be allocated (i) first, to the General Partner to the extent that Net Losses previously allocated to the General Partner pursuant to the last sentence of Section 6.1.B exceed Net Income previously allocated to the General Partner pursuant to this clause (i) of Section 6.1.A, and (ii) thereafter, Net Income shall be allocated to the Partners in accordance with their respective Partnership Percentage Interests.
Appears in 6 contracts
Samples: Agreement (CNL Health Care Properties Inc), Agreement (CNL American Properties Fund Inc), Agreement (CNL Hospitality Properties Inc)
Net Income. After giving effect to the special allocations set forth in Section 1 of Exhibit CC attached hereto, Net Income shall be allocated (i) first, to the General Partner to the extent that Net Losses previously allocated to the General Partner pursuant to the last sentence of Section 6.1.B exceed Net Income previously allocated to the General Partner pursuant to this clause (i) of Section 6.1.A, and (ii) thereafter, Net Income shall be allocated to the Partners in accordance with their respective Partnership Percentage Interests.
Appears in 3 contracts
Samples: Boddie Noell Properties Inc, Fac Realty Trust Inc, Fac Realty Inc
Net Income. After giving effect to the special allocations set forth in Section 1 of Exhibit EXHIBIT C, Net Income shall be allocated (i) first, to the General Partner to the extent that Net Losses previously allocated to the General Partner pursuant to the last sentence of Section 6.1.B exceed Net Income previously allocated to the General Partner pursuant to this clause (i) of Section 6.1.A, and (ii) thereafter, Net Income shall be allocated to the Partners in accordance with their respective Partnership Percentage Interests.
Appears in 3 contracts
Samples: Gotham Golf Corp, Gotham Golf Corp, Gotham Golf Corp
Net Income. After giving effect to the special allocations set forth in Section 1 of Exhibit C, the allocations set forth in Section 4.9H above and the allocations set forth in Section 6.3 below, Net Income shall be allocated (i) first, to the General Partner to the extent that Net Losses previously allocated to the General Partner pursuant to the last sentence of Section 6.1.B exceed Net Income previously allocated to the General Partner pursuant to this clause (i) of Section 6.1.A, and (ii) thereafter, Net Income shall be allocated to the Partners in accordance with their respective Partnership Interests.
Appears in 2 contracts
Samples: Crescent Real Estate Equities Co, Crescent Real Estate Equities Co
Net Income. After giving effect to the special allocations set forth in Section 1 of Exhibit CC hereto, Net Income shall be allocated (i) first, to the General Partner to the extent that Net Losses previously allocated to the General Partner Partner, on a cumulative basis, pursuant to the last sentence of Section 6.1.B 6.l.B below exceed Net Income previously allocated to the General Partner Partner, on a cumulative basis, pursuant to this clause (i) of Section 6.1.A, and (ii) thereafter, Net Income shall be allocated to the Partners in accordance with their respective Partnership Interests6.
Appears in 2 contracts
Samples: Sl Green Operating Partnership, L.P., Sl Green Realty Corp
Net Income. After giving effect to the special allocations set forth ---------- in Section 1 of Exhibit CB, Net Income shall be allocated (i) first, to the --------- General Partner to the extent that Net Losses previously allocated to the General Partner pursuant to the last sentence of Section 6.1.B exceed Net Income previously allocated to the General Partner pursuant to this clause (i) of Section 6.1.A, and (ii) thereafter, Net Income shall be allocated to the Partners in accordance with their respective Partnership Percentage Interests.
Appears in 2 contracts
Samples: Cavanaughs Hospitality Corp, Cavanaughs Hospitality Corp
Net Income. After giving effect to the special allocations set forth in Section 1 of Exhibit CC hereto, Net Income shall be allocated (i) first, to the General Partner to the extent that Net Losses previously allocated to the General Partner pursuant to the last sentence of Section 6.1.B below exceed Net Income previously allocated to the General Partner pursuant to this clause (i) of Section 6.1.A, and (ii) thereaftersecond, Net Income shall be allocated to the Partners all holders of Partnership Units in accordance with proportion to their respective Partnership Percentage Interests.
Appears in 2 contracts
Samples: Vornado Operating Co, Vornado Operating Inc
Net Income. After giving effect to the special allocations set forth in Section 1 of Exhibit CC attached hereto, Net Income shall be allocated (i) first, to the General Partner to the extent that Net Losses previously allocated to the General Partner pursuant to the last sentence of Section 6.1.B below exceed Net Income previously allocated to the General Partner pursuant to this clause (i) of Section 6.1.A, and ; (ii) thereaftersecond, Net Income shall be allocated to the Partners all holders of Partnership Units in accordance with proportion to their respective Partnership Percentage Interests.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Urban Edge Properties), Limited Partnership Agreement (Urban Edge Properties)
Net Income. After giving effect to the special allocations set forth in Section 1 of Exhibit C6.4 hereof, Net Income shall be allocated (i) first, to the General Partner to the extent that Net Losses previously allocated to the General Partner pursuant to the last sentence of Section 6.1.B exceed Net Income previously allocated to the General Partner pursuant to this clause (i) of Section 6.1.A, and (ii) thereafter, Net Income shall be allocated to the Partners in accordance with their respective Partnership Interests.
Appears in 1 contract
Net Income. After giving effect to the special allocations set forth in Section 1 of Exhibit C, Net Income shall be allocated allocated: (i1) first, to the General Partner to until the extent that cumulative Net Income allocated under this clause (1) equals the cumulative Net Losses previously allocated to the General Partner pursuant to the last sentence of under Section 6.1.B exceed Net Income previously allocated to the General Partner pursuant to this clause (i) of Section 6.1.A, and (ii) thereafter, Net Income shall be allocated to the Partners in accordance with their respective Partnership Interests.6.1.B(6);
Appears in 1 contract
Samples: Agreement (Education Realty Operating Partnership L P)
Net Income. After giving effect to the special allocations set forth in Section 1 of Exhibit C6.2 below, Net Income shall be allocated (i) first, to the General Partner to the extent that that, on a cumulative basis, Net Losses previously allocated to the General Partner pursuant to the last sentence of Section 6.1.B 6.1(b) exceed Net Income previously allocated to the General Partner pursuant to this clause (ia) of Section 6.1.A6.1(a), and (ii) thereafter, Net Income shall be allocated in proportion to the Partners in accordance with their respective Partnership InterestsPercentage Interests of the Partners.
Appears in 1 contract
Samples: Hub Group Inc
Net Income. After giving effect to the special allocations set forth in Section 1 of Exhibit CC hereto, Net Income shall be allocated (i) first, to the General each Partner to the extent that Net Losses previously allocated to the General such Partner pursuant to the last sentence proviso of Section 6.1.B exceed Net Income previously allocated to the General such Partner pursuant to this clause (i) of Section 6.1.A, and (ii) thereafter, Net Income shall be allocated to the Partners in accordance with their respective Partnership Percentage Interests.
Appears in 1 contract
Samples: Newkirk Master Lp
Net Income. After giving effect to the special allocations set forth in Section 1 of Exhibit CSections 6.2 and 6.3 below, Net Income shall be allocated (i) first, to the General Partner to the extent that that, on a cumulative basis, Net Losses previously allocated to the General Partner pursuant to the last sentence of Section 6.1.B 6.1(b) exceed Net Income previously allocated to the General Partner pursuant to this clause (ia) of Section 6.1.A6.1(a), and (ii) thereafter, Net Income shall be allocated to the Partners in accordance with their respective Partnership Percentage Interests.
Appears in 1 contract
Samples: Mar Mar Realty Trust
Net Income. After giving effect to the special allocations set forth in Section 1 of Exhibit CSections 6.4 and 6.6 hereof, Net Income shall be allocated (i) first, to the General Partner to the extent that Net Losses previously allocated to the General Partner pursuant to the last sentence of Section 6.1.B exceed Net Income previously allocated to the General Partner pursuant to this clause (i) of Section 6.1.A, and (ii) thereafter, Net Income shall be allocated to the Partners in accordance with their respective Partnership Interests.
Appears in 1 contract
Samples: Agree Realty Corp
Net Income. After giving effect to the special allocations set forth in Section 1 of Exhibit C, Net Income shall be allocated (i) first, to the General Partner to the extent that Net Losses previously allocated to the General Partner pursuant to the last sentence of Section 6.1.B of this Agreement and the last sentence of Section 6.1.B of the CRLP Agreement exceed Net Income previously allocated to the General Partner pursuant to this clause (i) of Section 6.1.A6.1.A of this Agreement and clause (i) of Section 6.1.A of the CRLP Agreement, and (ii) thereafter, Net Income shall be allocated to the Partners in accordance with their respective Partnership Percentage Interests.
Appears in 1 contract
Samples: Carramerica Realty Corp
Net Income. After giving effect to the special allocations set forth in Section 1 of Exhibit C6.2 below, Net Income shall be allocated (i) first, to the General Partner to the extent that that, on a cumulative basis, Net Losses previously allocated to the General Partner pursuant to the last sentence of Section 6.1.B 6.1(b) exceed Net Income previously allocated to the General Partner pursuant to this clause (ia) of Section 6.1.A6.1(a), and (ii) thereafter, Net Income shall be allocated in proportion to the Partners in accordance with their respective Partnership InterestsSharing Percentages of the Partners.
Appears in 1 contract
Samples: Hub Group Inc
Net Income. After giving effect to the special allocations set forth in Section 1 of Exhibit CSections 6.2 and 6.3 below, Net Income shall be allocated (i) first, to the General Partner to the extent that that, on a cumulative basis, Net Losses previously allocated to the General Partner pursuant to the last sentence of Section 6.1.B 6.1(b) exceed Net Income previously allocated to the General Partner pursuant to this clause (i) of Section 6.1.A6.1(a), and (ii) thereafter, Net Income shall be allocated to the Partners in accordance with their respective Partnership Percentage Interests.
Appears in 1 contract
Samples: Baron Capital Trust
Net Income. After giving effect to the special allocations set forth in Section 1 of Exhibit C, Net Income shall be allocated (i) first, to the General Partner to the extent that Net Losses Loss previously allocated to the General Partner pursuant to the last sentence of Section 6.1.B exceed exceeds Net Income previously allocated to the General Partner pursuant to this clause (i) of Section 6.1.A, and (ii) thereafter, Net Income shall be allocated to the Partners in accordance with their respective Partnership Percentage Interests.
Appears in 1 contract
Samples: CNL American Properties Fund Inc
Net Income. After giving effect to the special allocations set forth in Section 1 of Exhibit C6.4 hereof, Net Income shall be allocated (i) first, to the General Partner to the extent that Net Losses previously allocated to the General Partner pursuant to the last sentence of Section 6.1.B exceed Net Income previously previous- ly allocated to the General Partner pursuant to this clause (i) of Section 6.1.A, and (ii) thereafter, Net Income shall be allocated to the Partners in accordance with their respective Partnership Interests.)
Appears in 1 contract
Samples: Agree Realty Corp
Net Income. After giving effect to the special allocations set forth in Section 1 of Exhibit CSections 6.2 and 6.3 below, Net Income shall be allocated (i) first, to the General Partner to the extent that that, on a cumulative basis, Net Losses previously allocated to the General Partner pursuant to the last sentence of Section 6.1.B 6.1(b) exceed Net Income previously allocated to the General Partner pursuant to this clause (i) of Section 6.1.A, and (ii) thereafter, Net Income shall be allocated to the Partners in accordance with their respective Partnership Interests.this
Appears in 1 contract
Samples: Baron Capital Trust