Common use of Special Allocation of State, Local and Foreign Taxes Clause in Contracts

Special Allocation of State, Local and Foreign Taxes. Any state, local or foreign taxes imposed on the Partnership by reason of a Partner being a citizen, resident or national of a state, locality or foreign jurisdiction, including any item(s) of Income or Loss resulting therefrom, shall be specially allocated to that Partner.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Resource Real Estate Investors 7, L.P.), Limited Partnership Agreement (LEAF Equipment Finance Fund 4, L.P.), Limited Partnership Agreement (Resource Real Estate Investors 6 LP)

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Special Allocation of State, Local and Foreign Taxes. Any state, ---------------------------------------------------- local or foreign taxes imposed on the Partnership by reason of a Partner being a citizen, resident or national of a such state, locality or foreign jurisdiction, including any item(s) of Income taxable income or Loss tax loss resulting therefrom, shall be specially allocated to that such Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Icon Holdings Corp)

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