Profits Losses and Accounting. 10 Section 5.1 Allocation of Profits and Losses.....................................................................10 Section 5.2 Accounting ..........................................................................................10 Section 5.3 Partners' Accounts...................................................................................11 Section 5.4 Section 754 Elections................................................................................12 ARTICLE VI POWERS, DUTIES, LIABILITIES, COMPENSATION AND VOTING OF GENERAL PARTNER.......................................12 Section 6.1 Powers of General Partner............................................................................12
Profits Losses and Accounting. 4.1. For so long as the Company has one member, it shall be disregarded as separate from its owner within the meaning of Treas. Reg. section 301.7701-3(b)(1)(ii), and all profits and losses of the Company shall be treated as those of the Member. In the event the Company admits additional members, this Agreement shall be amended to reflect the allocations to the members for U.S. federal income tax purposes.
Profits Losses and Accounting. 12 Section 5.1
Profits Losses and Accounting. 12 Section 5.1 Allocation of Profits and Losses . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Section 5.2 Accounting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Section 5.3 Partners' Accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Section 5.4 Section 754 Elections . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 ARTICLE VI POWERS, DUTIES, LIABILITIES, COMPENSATION AND VOTING OF GENERAL PARTNER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Section 6.1 Powers of General Partner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Section 6.2
Profits Losses and Accounting. 22 Section 5.1 ALLOCATION OF PROFITS AND LOSSES 22 Section 5.2 ACCOUNTING 23 Section 5.3 PARTNERS’ CAPITAL ACCOUNTS 24 Section 5.4 SECTION 754 ELECTIONS 26 Section 5.5 SPECIAL ALLOCATION OF GAIN TO LTIP UNITHOLDERS 26 ARTICLE VI POWERS, DUTIES, LIABILITIES, COMPENSATION AND VOTING OF GENERAL PARTNER 27 Section 6.1 POWERS OF GENERAL PARTNER 27 Section 6.2 DELEGATION OF AUTHORITY 30 Section 6.3 DUTIES OF GENERAL PARTNER 30 Section 6.4 LIABILITIES OF GENERAL PARTNER; INDEMNIFICATION 31 Section 6.5 COMPENSATION OF GENERAL PARTNER; REIMBURSEMENT 33 Section 6.6 RELIANCE ON ACT OF GENERAL PARTNER 34 Section 6.7 OUTSIDE SERVICES; DEALINGS WITH AFFILIATES; OUTSIDE ACTIVITIES 34 Section 6.8 ADDITIONAL LOANS TO THE PARTNERSHIP 35 Section 6.9 CONTRIBUTION OF ASSETS 35
Profits Losses and Accounting. 5.1 Allocation of profits and losses:
Profits Losses and Accounting. VII.01 Allocations of Taxable Profits and Losses
Profits Losses and Accounting
