Special Allocations Regarding Class B Units. After giving effect to the special allocations in paragraph 2 but prior to any allocations under subparagraphs 1(a) or 1(b), Net Property Gain and, to the extent necessary, individual items of income and gain comprising Net Property Gain of the Partnership, and Liquidating Gain shall be allocated to the holders of Class B Units until their Economic Capital Account Balances are equal to (A) the OP Unit Economic Balance, multiplied by (B) the number of their Class B Units; provided, that no such Net Property Gain and, to the extent necessary, individual items of income and gain comprising Net Property Gain of the Partnership, or Liquidating Gain will be allocated with respect to any
Appears in 5 contracts
Samples: Limited Partnership Agreement (NexPoint Hospitality Trust, Inc.), Limited Partnership Agreement (Nexpoint Multifamily Realty Trust, Inc.), Limited Partnership Agreement (Carter Validus Mission Critical REIT II, Inc.)
