Net Losses. After giving effect to the special allocations set forth in Section 1 of Exhibit C, Net Losses shall be allocated to the Partners in accordance with their respective Partnership Interests, provided that Net Losses shall not be allocated to any Limited Partner pursuant to this Section 6.1.B to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit at the end of such taxable year (or increase any existing Adjusted Capital Account Deficit). All Net Losses in excess of the limitations set forth in this Section 6.1.B shall be allocated to the General Partner.
Appears in 12 contracts
Samples: Limited Partnership Agreement (Crescent Real Estate Equities Co), Limited Partnership Agreement (Crescent Real Estate Equities Co), Limited Partnership Agreement (Crescent Real Estate Equities Co)
Net Losses. 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 Losses shall be allocated to the Partners in accordance with their respective Partnership Interests, provided that Net Losses shall not be allocated to any Limited Partner pursuant to this Section 6.1.B to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit at the end of such taxable year (or increase any existing Adjusted Capital - 29 - Account Deficit). All Net Losses in excess of the limitations set forth in this Section 6.1.B shall be allocated to the General Partner.
Appears in 6 contracts
Samples: Limited Partnership Agreement (Crescent Real Estate Equities Co), Limited Partnership Agreement (Crescent Real Estate Equities Co), Limited Partnership Agreement (Crescent Real Estate Equities Co)
Net Losses. After giving effect to the special allocations set forth in Section 1 of Exhibit CSections 6.2 and 6.3 below, Net Losses shall be allocated to the Partners in accordance with their respective Partnership Percentage Interests; provided, provided however, that Net Losses shall not be allocated to any Limited Partner pursuant to this Section 6.1.B 6.1(b) to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit at the end of such taxable year (or increase any existing Adjusted Capital Account Deficit). All Net Losses in excess of the limitations set forth in the preceding sentence of this Section 6.1.B 6.1(b) shall be allocated to the General Partner.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Baron Capital Trust), Limited Partnership Agreement (Baron Capital Trust), Limited Partnership Agreement (Mar Mar Realty Trust)
Net Losses. After giving effect to the special allocations set forth in Section 1 of Exhibit CC hereto, Net Losses shall be allocated to the Partners in accordance with proportion to their respective Partnership Percentage Interests, provided that that, Net Losses shall not be allocated to any Limited Partner pursuant to this Section 6.1.B 6.1.B. to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit (or to increase an existing Adjusted Capital Account Deficit) at the end of such taxable year (or increase any existing Adjusted Capital Account Deficitportion thereof). All Net Losses in excess of the limitations set forth in this Section 6.1.B 6.1.B. shall be allocated to the General Partner.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Shelbourne Properties I Inc), Limited Partnership Agreement (Shelbourne Properties Ii Inc), Limited Partnership Agreement (Shelbourne Properties Iii Inc)
Net Losses. After giving effect to the special allocations set forth in Section 1 of Exhibit CC attached hereto, Net Losses shall be allocated to the Partners in accordance with their respective Partnership Percentage Interests; provided, provided however, that Net Losses shall not be allocated to any Limited Partner pursuant to this Section 6.1.B to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit at the end of such taxable year (or increase any existing Adjusted Capital Account Deficit). All Net Losses in excess of the limitations set forth in this Section 6.1.B shall be allocated to the General Partner.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Fac Realty Inc), Agreement of Limited Partnership (Fac Realty Trust Inc), Limited Partnership Agreement (Boddie Noell Properties Inc)
Net Losses. After giving effect to the special allocations set forth in Section 1 of Exhibit EXHIBIT C, Net Losses shall be allocated to the Partners in accordance with their respective Partnership Percentage Interests, provided that Net Losses shall not be allocated to any Limited Partner pursuant to this Section 6.1.B to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit at the end of such taxable year (or increase any existing Adjusted Capital Account Deficit). All Net Losses in excess of the limitations set forth in this Section 6.1.B shall be allocated to the General Partner.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Gotham Golf Corp), Limited Partnership Agreement (Gotham Golf Corp), Limited Partnership Agreement (Gotham Golf Corp)
Net Losses. 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 Losses shall be allocated to the Partners in accordance with their respective Partnership Interests, provided that Net Losses shall not be allocated to any Limited Partner pursuant to this Section 6.1.B to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit at the end of such taxable year (or increase any existing Adjusted Capital Account Deficit). All Net Losses in excess of the limitations set forth in this Section 6.1.B shall be allocated to the General Partner.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Crescent Real Estate Equities Co), Limited Partnership Agreement (Crescent Real Estate Equities Co)
Net Losses. After giving effect to the special allocations set forth in Section 1 of Exhibit C, Net Losses shall be allocated to the Partners in accordance with their respective Partnership Percentage Interests, provided that Net Losses shall not be allocated to any Limited Partner pursuant to this Section 6.1.B to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit at the end of such taxable year (or increase any existing Adjusted Capital Account Deficit). All Net Losses in excess of the limitations set forth in this Section 6.1.B shall be allocated to the General Partner.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Carramerica Realty Corp), Limited Partnership Agreement (Carramerica Realty Corp)
Net Losses. After giving effect to the special allocations set forth in Section 1 of Exhibit C6.4 hereof, Net Losses shall be allocated to the Partners in accordance with their respective Partnership Interests, provided that Net Losses shall not be allocated to any Limited Partner pursuant to this Section 6.1.B to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit at the end of such taxable year (or increase any existing Adjusted Capital Account Deficit). All Net Losses in excess of the limitations set forth in this Section 6.1.B shall be allocated to the General Partner.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Agree Realty Corp), Limited Partnership Agreement (Agree Realty Corp)
Net Losses. After giving effect to the special allocations set forth ---------- in Section 1 of Exhibit CB, Net Losses shall be allocated to the Partners in --------- accordance with their respective Partnership Percentage Interests, ; provided that Net Losses -------- ---- shall not be allocated to any Limited Partner pursuant to this Section 6.1.B to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit at the end of such taxable year (or increase any existing Adjusted Capital Account Deficit). All Net Losses in excess of the limitations set forth in this Section 6.1.B shall be allocated to the General Partner.
Appears in 2 contracts
Samples: Agreement of Limited Partnership (Cavanaughs Hospitality Corp), Agreement of Limited Partnership (Cavanaughs Hospitality Corp)
Net Losses. After giving effect to the special allocations set forth in Section 1 of Exhibit C, Net Losses shall be allocated to the Partners in accordance with their respective Partnership Percentage Interests, ; provided that Net Losses shall not be allocated to any Limited Partner pursuant to this Section 6.1.B to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit at the end of such taxable year (or increase any existing Adjusted Capital Account Deficit). All Net Losses in excess of the limitations set forth in this Section 6.1.B shall be allocated to the General Partner.
Appears in 1 contract
Samples: Limited Partnership Agreement (Hammons John Q Hotels Lp)
Net Losses. After giving effect to the special allocations set forth in Section 1 of Exhibit C6.2 below, Net Losses shall be allocated to the Partners in accordance with their respective Partnership Percentage Interests; provided, provided that Net Losses shall not be allocated to any Limited Partner pursuant to this Section 6.1.B 6.1(b) to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit at the end of such taxable year (or increase any existing Adjusted Capital Account Deficit). All Net Losses in excess of the limitations set forth in the preceding sentence of this Section 6.1.B 6.1(b) shall be allocated to the General Partner.
Appears in 1 contract
Samples: Limited Partnership Agreement (Security Capital Atlantic Inc)
Net Losses. After giving effect to the special allocations set forth in Section 1 of Exhibit CSections 6.4 and 6.6 hereof, Net Losses shall be allocated to the Partners in accordance with their respective Partnership Interests, provided that Net Losses shall not be allocated to any Limited Partner pursuant to this Section 6.1.B to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit at the end of such taxable year (or increase any existing Adjusted Capital Account Deficit). All Net Losses in excess of the limitations set forth in this Section 6.1.B shall be allocated to the General Partner.
Appears in 1 contract
Samples: Agreement of Limited Partnership (Agree Realty Corp)
Net Losses. After giving effect to the special allocations set forth in Section 1 of Exhibit C, Net Losses shall be allocated to the Partners in accordance with their -30- 36 respective Partnership Interests, provided that Net Losses shall not be allocated to any Limited Partner pursuant to this Section 6.1.B to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit at the end of such taxable year (or increase any existing Adjusted Capital Account Deficit). All Net Losses in excess of the limitations set forth in this Section 6.1.B shall be allocated to the General Partner.
Appears in 1 contract
Samples: Limited Partnership Agreement (Crescent Real Estate Equities Co)