Common use of Net Losses Clause in Contracts

Net Losses. Except as provided in Section 6.2.B.3, Net Losses for any Partnership Year shall be allocated in the following manner and order of priority: (a) First, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests in the Common Units (to the extent consistent with this Section 6.2.B.2(a)) until the Adjusted Capital Account (ignoring for this purpose any amounts a Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2) and ignoring the Partner's Series A Preferred Capital and Series B Preferred Capital) of each such Partner is zero; (b) Second, 100% to the General Partner and any other Preferred Partners, pro rata to each such Partner's Adjusted Capital Account (ignoring for this purpose any amounts a Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2)), until the Adjusted Capital Account (as so modified) of each such Partner is zero; (c) Third, 100% to the Limited Partners to the extent of, and in proportion to, the positive balance (if any) in their Adjusted Capital Accounts; and (d) Fourth, 100% to the General Partner.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Amb Property Lp), Limited Partnership Agreement (Amb Property Corp), Limited Partnership Agreement (Amb Property Corp)

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Net Losses. Except as otherwise provided in Section 6.2.B.36.3, Net Losses for any Partnership Year shall be allocated to the Partners in the following manner and order of priority: (a) First, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests in the Common Common-Equivalent Units (to the extent consistent with this Section 6.2.B.2(a6.2.A(2)(a)) until the Adjusted Capital Account Balance (ignoring for this purpose any amounts a Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2) and ignoring the General Partner's ’s Series A Preferred Capital and Series B Preferred Capital) of each such Partner is zero; (b) Second, 100% to the General Partner and any other Preferred Partners, pro rata to each such Partner's Adjusted Capital Account (ignoring for this purpose any amounts a the General Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2)), until the Adjusted Capital Account (as so modified) of each such the General Partner is zero; (c) Third, 100% to the Limited Partners to the extent of, and in proportion to, the positive balance (if any) in their Adjusted Capital Accounts; and (d) Fourth, 100% to the General Partner.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Digital Realty Trust, Inc.), Agreement of Limited Partnership (Digital Realty Trust, Inc.)

Net Losses. Except as otherwise provided in Section 6.2.B.36.3, Net Losses for any Partnership Year shall be allocated to the Partners in the following manner and order of priority: (a) First, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests in the Common Common-Equivalent Units (to the extent consistent with this Section 6.2.B.2(a6.2.A(2)(a)) until the Adjusted Capital Account Balance (ignoring for this purpose any amounts a Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2) and ignoring the General Partner's ’s Series A E Preferred Capital, Series F Preferred Capital, Series G Preferred Capital and Series B H Preferred Capital) of each such Partner is zero; (b) Second, 100% to the General Partner and any other Preferred Partners, pro rata to each such Partner's Adjusted Capital Account (ignoring for this purpose any amounts a the General Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2)), until the Adjusted Capital Account (as so modified) of each such the General Partner is zero; (c) Third, 100% to the Limited Partners to the extent of, and in proportion to, the positive balance (if any) in their Adjusted Capital Accounts; and (d) Fourth, 100% to the General Partner.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Digital Realty Trust, L.P.), Limited Partnership Agreement (Digital Realty Trust, L.P.)

Net Losses. Except as otherwise provided in Section 6.2.B.36.3, Net Losses for any Partnership Year shall be allocated to the Partners in the following manner and order of priority: (a) First, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests in the Common Common-Equivalent Units (to the extent consistent with this Section 6.2.B.2(a6.2.A(2)(a)) until the Adjusted Capital Account Balance (ignoring for this purpose any amounts a Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2) and ignoring the General Partner's ’s Series A E Preferred Capital, Series F Preferred Capital and Series B G Preferred Capital) of each such Partner is zero; (b) Second, 100% to the General Partner and any other Preferred Partners, pro rata to each such Partner's Adjusted Capital Account (ignoring for this purpose any amounts a the General Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2)), until the Adjusted Capital Account (as so modified) of each such the General Partner is zero; (c) Third, 100% to the Limited Partners to the extent of, and in proportion to, the positive balance (if any) in their Adjusted Capital Accounts; and (d) Fourth, 100% to the General Partner.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Digital Realty Trust, L.P.), Agreement of Limited Partnership (Digital Realty Trust, L.P.)

Net Losses. Except as provided in Section 6.2.B.3Sections 6.2.B.3 and 6.3, Net Losses for any Partnership Year shall be allocated in the following manner and order of priority: (a) First, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests in the Common Units (to the extent consistent with this Section 6.2.B.2(a)) until the Adjusted Capital Account (ignoring for this purpose any amounts a Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2) and ignoring the Partner's Series A B Preferred Capital, the Series J Preferred Capital, the Series K Preferred Capital and the Series B L Preferred Capital) of each such Partner is zero; (b) Second, 100% to the General Partner and any other Preferred Limited Partners, pro rata to each such Partner's Adjusted Capital Account (ignoring for this purpose any amounts a Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2)), until the Adjusted Capital Account (as so modified) of each such Partner is zero; (c) Third, 100% to the Limited Partners to the extent of, and in proportion to, the positive balance (if any) in their Adjusted Capital Accounts; and (d) Fourth, 100% to the General Partner.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (Amb Property Lp), Agreement of Limited Partnership (Amb Property Corp)

Net Losses. Except as otherwise provided in Section 6.2.B.36.3, Net Losses for any Partnership Year shall be allocated to the Partners in the following manner and order of priority: (a) First, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests in the Common Common-Equivalent Units (to the extent consistent with this Section 6.2.B.2(a6.2.A(2)(a)) until the Adjusted Capital Account Balance (ignoring for this purpose any amounts a Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2) and ignoring the General Partner's ’s Series A Preferred Capital, Series B Preferred Capital, Series C Preferred Capital and Series B D Preferred Capital) of each such Partner is zero; (b) Second, 100% to the General Partner and any other Preferred Partners, pro rata to each such Partner's Adjusted Capital Account (ignoring for this purpose any amounts a the General Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2)), until the Adjusted Capital Account (as so modified) of each such the General Partner is zero; (c) Third, 100% to the Limited Partners to the extent of, and in proportion to, the positive balance (if any) in their Adjusted Capital Accounts; and (d) Fourth, 100% to the General Partner.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (Digital Realty Trust, Inc.), Agreement of Limited Partnership (Digital Realty Trust, Inc.)

Net Losses. Except as provided in Section 6.2.B.3, Net Losses for any Partnership Year shall be allocated in the following manner and order of priority: (a) First, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests in the Common Units (to the extent consistent with this Section 6.2.B.2(a)) until the Adjusted Capital Account (ignoring for this purpose any amounts a Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2) and ignoring the General Partner's Series A Preferred Capital and Series B Preferred Capital) of each such Partner is zero; (b) Second, 100% to the General Partner and any other Preferred Partners, pro rata to each such Partner's until the Adjusted Capital Account (ignoring for this purpose any amounts a the General Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2)), until the Adjusted Capital Account (as so modified) of each such the General Partner is zero; (c) Third, 100% to the Limited Partners to the extent of, and in proportion to, the positive balance (if any) in their Adjusted Capital Accounts; and (d) Fourth, 100% to the General Partner.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Amb Property Corp), Limited Partnership Agreement (Amb Property Lp)

Net Losses. Except as provided in Section 6.2.B.3Sections 6.2.B.3 and 6.3, Net Losses for any Partnership Year shall be allocated in the following manner and order of priority: (a) First, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests in the Common Units (to the extent consistent with this Section 6.2.B.2(a)) until the Adjusted Capital Account (ignoring for this purpose any amounts a Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2) and ignoring the Partner's Series A J Preferred Capital, the Series K Preferred Capital, the Series L Preferred Capital and the Series B M Preferred Capital) of each such Partner is zero; (b) Second, 100% to the General Partner and any other Preferred Limited Partners, pro rata to each such Partner's Adjusted Capital Account (ignoring for this purpose any amounts a Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2)), until the Adjusted Capital Account (as so modified) of each such Partner is zero; (c) Third, 100% to the Limited Partners to the extent of, and in proportion to, the positive balance (if any) in their Adjusted Capital Accounts; and (d) Fourth, 100% to the General Partner.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (Amb Property Corp), Agreement of Limited Partnership (Amb Property Lp)

Net Losses. Except as otherwise provided in Section 6.2.B.36.3, Net Losses for any Partnership Year shall be allocated to the Partners in the following manner and order of priority: (a) First, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests in the Common Common-Equivalent Units (to the extent consistent with this Section 6.2.B.2(a6.2.A(2)(a)) until the Adjusted Capital Account Balance (ignoring for this purpose any amounts a Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2) and ignoring the General Partner's ’s Series A C Preferred Capital, Series G Preferred Capital, Series H Preferred Capital, Series I Preferred Capital and Series B J Preferred Capital) of each such Partner is zero; (b) Second, 100% to the General Partner and any other Preferred Partners, pro rata to each such Partner's Adjusted Capital Account (ignoring for this purpose any amounts a the General Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2)), until the Adjusted Capital Account (as so modified) of each such the General Partner is zero; (c) Third, 100% to the Limited Partners to the extent of, and in proportion to, the positive balance (if any) in their Adjusted Capital Accounts; and (d) Fourth, 100% to the General Partner.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (Digital Realty Trust, L.P.), Agreement of Limited Partnership (Digital Realty Trust, L.P.)

Net Losses. Except as otherwise provided in Section 6.2.B.36.3, Net Losses for any Partnership Year shall be allocated to the Partners in the following manner and order of priority: (a) First, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests in the Common Common-Equivalent Units (to the extent consistent with this Section 6.2.B.2(a6.2.A(2)(a)) until the Adjusted Capital Account Balance (ignoring for this purpose any amounts a Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2) and ignoring the General Partner's ’s Series A Preferred Capital, Series B Preferred Capital and Series B C Preferred Capital) of each such Partner is zero; (b) Second, 100% to the General Partner and any other Preferred Partners, pro rata to each such Partner's Adjusted Capital Account (ignoring for this purpose any amounts a the General Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2)), until the Adjusted Capital Account (as so modified) of each such the General Partner is zero; (c) Third, 100% to the Limited Partners to the extent of, and in proportion to, the positive balance (if any) in their Adjusted Capital Accounts; and (d) Fourth, 100% to the General Partner.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (Digital Realty Trust, Inc.), Limited Partnership Agreement (Digital Realty Trust, Inc.)

Net Losses. Except as otherwise provided in Section 6.2.B.36.3, Net Losses for any Partnership Year shall be allocated to the Partners in the following manner and order of priority: (a) First, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests in the Common Common-Equivalent Units (to the extent consistent with this Section 6.2.B.2(a6.2.A(2)(a)) until the Adjusted Capital Account Balance (ignoring for this purpose any amounts a Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2) and ignoring the General Partner's ’s Series A E Preferred Capital, Series F Preferred Capital, Series G Preferred Capital, Series H Preferred Capital and Series B I Preferred Capital) of each such Partner is zero; (b) Second, 100% to the General Partner and any other Preferred Partners, pro rata to each such Partner's Adjusted Capital Account (ignoring for this purpose any amounts a the General Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2)), until the Adjusted Capital Account (as so modified) of each such the General Partner is zero; (c) Third, 100% to the Limited Partners to the extent of, and in proportion to, the positive balance (if any) in their Adjusted Capital Accounts; and (d) Fourth, 100% to the General Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Digital Realty Trust, L.P.)

Net Losses. Except as provided in Section 6.2.B.3Sections 6.2.B.3 and 6.3, Net Losses for any Partnership Year shall be allocated in the following manner and order of priority: (a) First, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests in the Common Units (to the extent consistent with this Section 6.2.B.2(a)) until the Adjusted Capital Account (ignoring for this purpose any amounts a Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2) and ignoring the Partner's Series A Preferred Capital, Series B Preferred Capital and Series B J Preferred Capital) of each such Partner is zero; (b) Second, 100% to the General Partner and any other Preferred Limited Partners, pro rata to each such Partner's Adjusted Capital Account (ignoring for this purpose any amounts a Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2)), until the Adjusted Capital Account (as so modified) of each such Partner is zero; (c) Third, 100% to the Limited Partners to the extent of, and in proportion to, the positive balance (if any) in their Adjusted Capital Accounts; and (d) Fourth, 100% to the General Partner.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Amb Property Corp)

Net Losses. Except as otherwise provided in Section 6.2.B.36.3, Net Losses for any Partnership Year shall be allocated to the Partners in the following manner and order of priority: (a) First, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests in the Common Common-Equivalent Units (to the extent consistent with this Section 6.2.B.2(a6.2.A(2)(a)) until the Adjusted Capital Account Balance (ignoring for this purpose any amounts a Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2) and ignoring the General Partner's ’s Series A G Preferred Capital, Series H Preferred Capital, Series I Preferred Capital and Series B J Preferred Capital) of each such Partner is zero; (b) Second, 100% to the General Partner and any other Preferred Partners, pro rata to each such Partner's Adjusted Capital Account (ignoring for this purpose any amounts a the General Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2)), until the Adjusted Capital Account (as so modified) of each such the General Partner is zero; (c) Third, 100% to the Limited Partners to the extent of, and in proportion to, the positive balance (if any) in their Adjusted Capital Accounts; and (d) Fourth, 100% to the General Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Digital Realty Trust, L.P.)

Net Losses. Except as otherwise provided in Section 6.2.B.36.3, Net Losses for any Partnership Year shall be allocated to the Partners in the following manner and order of priority: (a) First, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests in the Common Common-Equivalent Units (to the extent consistent with this Section 6.2.B.2(a6.2.A(2)(a)) until the Adjusted Capital Account Balance (ignoring for this purpose any amounts a Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2) and ignoring the General Partner's ’s Series A C Preferred Capital, Series G Preferred Capital, Series I Preferred Capital, Series J Preferred Capital, Series K Preferred Capital and Series B L Preferred Capital) of each such Partner is zero; (b) Second, 100% to the General Partner and any other Preferred Partners, pro rata to each such Partner's Adjusted Capital Account (ignoring for this purpose any amounts a the General Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2)), until the Adjusted Capital Account (as so modified) of each such the General Partner is zero; (c) Third, 100% to the Limited Partners to the extent of, and in proportion to, the positive balance (if any) in their Adjusted Capital Accounts; and (d) Fourth, 100% to the General Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Digital Realty Trust, L.P.)

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Net Losses. Except as provided in Section 6.2.B.3, Net Losses for any Partnership Year shall be allocated in the following manner and order of priority:. (a) First, 100% to the General Partner and the Limited Partners Holders of Common Units in accordance with their respective Percentage Interests in the Common Units (to the extent consistent with this Section 6.2.B.2(a)) until the Adjusted Capital Account (ignoring for this purpose not taking into account any amounts a Partner Holder is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2) and ignoring the PartnerHolder's Series A Preferred Capital and Series B Preferred Capital) of each such Partner Holder is zero; (b) Second, 100% to the General Partner and any other Holders of Preferred PartnersUnits, pro rata to each such PartnerHolder's Adjusted Capital Account (ignoring for this purpose any amounts a Partner Holder is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2)), until the Adjusted Capital Account (as so modified) of each such Partner Holder is zero; (c) Third, 100% to the Limited Partners Holders of Partnership Interests to the extent of, and in proportion to, the positive balance (if any) in their Adjusted Capital Accounts; and (d) Fourth, 100% to the General Partner.

Appears in 1 contract

Samples: Agreement of Limited Partnership (National Golf Properties Inc)

Net Losses. Except as otherwise provided in Section 6.2.B.36.3, Net Losses for any Partnership Year shall be allocated to the Partners in the following manner and order of priority: (a) First, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests in the Common Common-Equivalent Units (to the extent consistent with this Section 6.2.B.2(a6.2.A(2)(a)) until the Adjusted Capital Account Balance (ignoring for this purpose any amounts a Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2) and ignoring the General Partner's ’s Series A C Preferred Capital, Series D Preferred Capital and Series B E Preferred Capital) of each such Partner is zero; (b) Second, 100% to the General Partner and any other Preferred Partners, pro rata to each such Partner's Adjusted Capital Account (ignoring for this purpose any amounts a the General Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2)), until the Adjusted Capital Account (as so modified) of each such the General Partner is zero; (c) Third, 100% to the Limited Partners to the extent of, and in proportion to, the positive balance (if any) in their Adjusted Capital Accounts; and (d) Fourth, 100% to the General Partner.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Digital Realty Trust, L.P.)

Net Losses. Except as otherwise provided in Section 6.2.B.36.3, Net Losses for any Partnership Year shall be allocated to the Partners in the following manner and order of priority: (a) First, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests in the Common Common-Equivalent Units (to the extent consistent with this Section 6.2.B.2(a6.2.A(2)(a)) until the Adjusted Capital Account Balance (ignoring for this purpose any amounts a Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2) and ignoring the General Partner's ’s Series A C Preferred Capital, Series G Preferred Capital, Series H Preferred Capital and Series B I Preferred Capital) of each such Partner is zero; (b) Second, 100% to the General Partner and any other Preferred Partners, pro rata to each such Partner's Adjusted Capital Account (ignoring for this purpose any amounts a the General Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2)), until the Adjusted Capital Account (as so modified) of each such the General Partner is zero; (c) Third, 100% to the Limited Partners to the extent of, and in proportion to, the positive balance (if any) in their Adjusted Capital Accounts; and (d) Fourth, 100% to the General Partner.

Appears in 1 contract

Samples: Merger Agreement (Dupont Fabros Technology, Inc.)

Net Losses. Except as otherwise provided in Section 6.2.B.36.3, Net Losses for any Partnership Year shall be allocated to the Partners in the following manner and order of priority: (a) First, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests in the Common Common-Equivalent Units (to the extent consistent with this Section 6.2.B.2(a6.2.A(2)(a)) until the Adjusted Capital Account Balance (ignoring for this purpose any amounts a Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2) and ignoring the General Partner's ’s Series A C Preferred Capital, Series D Preferred Capital, Series E Preferred Capital and Series B F Preferred Capital) of each such Partner is zero; (b) Second, 100% to the General Partner and any other Preferred Partners, pro rata to each such Partner's Adjusted Capital Account (ignoring for this purpose any amounts a the General Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2)), until the Adjusted Capital Account (as so modified) of each such the General Partner is zero; (c) Third, 100% to the Limited Partners to the extent of, and in proportion to, the positive balance (if any) in their Adjusted Capital Accounts; and (d) Fourth, 100% to the General Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Digital Realty Trust, L.P.)

Net Losses. Except as otherwise provided in Section 6.2.B.36.3, Net Losses for any Partnership Year shall be allocated to the Partners in the following manner and order of priority: (a) First, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests in the Common Common-Equivalent Units (to the extent consistent with this Section 6.2.B.2(a6.2.A(2)(a)) until the Adjusted Capital Account Balance (ignoring for this purpose any amounts a Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2) and ignoring the General Partner's ’s Series A C Preferred Capital, Series G Preferred Capital, Series H Preferred Capital, Series I Preferred Capital, Series J Preferred Capital and Series B K Preferred Capital) of each such Partner is zero; (b) Second, 100% to the General Partner and any other Preferred Partners, pro rata to each such Partner's Adjusted Capital Account (ignoring for this purpose any amounts a the General Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2)), until the Adjusted Capital Account (as so modified) of each such the General Partner is zero; (c) Third, 100% to the Limited Partners to the extent of, and in proportion to, the positive balance (if any) in their Adjusted Capital Accounts; and (d) Fourth, 100% to the General Partner.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Digital Realty Trust, L.P.)

Net Losses. Except as provided in Section 6.2.B.36.3, Net Losses for ---------- any Partnership Year shall be allocated in the following manner and order of priority: (a) First, 100% to the General Partner and the Limited Partners Holders of Common Units in accordance with their respective Percentage Interests in the Common Units (to the extent consistent with this Section 6.2.B.2(a)) until the Adjusted Capital Account (ignoring for this purpose any amounts a Partner Holder is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute restore pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2) and ignoring the PartnerHolder's Series A Preferred Capital and Series B C Preferred Capital) of each such Partner Holder is zero; (b) Second, 100% to the General Partner and any other Holders of Senior Preferred PartnersUnits, pro rata to each such PartnerHolder's Adjusted Capital Account (ignoring for this purpose any amounts a Partner Holder is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2)), until the Adjusted Capital Account (as so modified) of each such Partner Holder is zero; (c) Third, 100% to the Limited Partners Holders to the extent of, and in proportion to, the positive balance (if any) in their Adjusted Capital Accounts; and (d) Fourth, 100% to the General Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Kilroy Realty Corp)

Net Losses. Except as provided in Section 6.2.B.3Sections 6.2.B.3 and 6.3, Net Losses for any Partnership Year shall be allocated in the following manner and order of priority: (a) First, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests in the Common Units (to the extent consistent with this Section 6.2.B.2(a)) until the Adjusted Capital Account (ignoring for this purpose any amounts a Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2) and ignoring the Partner's Series A Preferred Capital, Series B Preferred Capital, the Series J Preferred Capital and the Series B K Preferred Capital) of each such Partner is zero; (b) Second, 100% to the General Partner and any other Preferred Limited Partners, pro rata to each such Partner's Adjusted Capital Account (ignoring for this purpose any amounts a Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2)), until the Adjusted Capital Account (as so modified) of each such Partner is zero; (c) Third, 100% to the Limited Partners to the extent of, and in proportion to, the positive balance (if any) in their Adjusted Capital Accounts; and (d) Fourth, 100% to the General Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Amb Property Lp)

Net Losses. Except as provided in Section 6.2.B.3, Net Losses for any Partnership Year shall be allocated in the following manner and order of priority:. (a) First, 100% to the General Partner and the Limited Partners Holders of Common Units in accordance with their respective Percentage Interests in the Common Units (to the extent consistent with this Section 6.2.B.2(a)) until the Adjusted Capital Account (ignoring for this purpose not taking into account any amounts a Partner Holder is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2) and ignoring the PartnerHolder's Series A Preferred Capital and Series B Preferred Capital) of each such Partner Holder is zero; (b) Second, 100% to the General Partner and any other Holders of Preferred PartnersUnits, pro rata to each such PartnerHolder's Adjusted Capital Account (ignoring for this purpose any amounts a Partner Holder is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute pursuant to Regulations Section 1.704-1.704- 1(b)(2)(ii)(c)(2)), until the Adjusted Capital Account (as so modified) of each such Partner Holder is zero; (c) Third, 100% to the Limited Partners Holders of Partnership Interests to the extent of, and in proportion to, the positive balance (if any) in their Adjusted Capital Accounts; and (d) Fourth, 100% to the General Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Arden Realty Inc)

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