We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Substantial Economic Effect Clause in Contracts

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss under this Agreement have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 122 contracts

Samples: Limited Partnership Agreement (Modiv Industrial, Inc.), Limited Partnership Agreement (StratCap Digital Infrastructure REIT, Inc.), Limited Partnership Agreement (IPC Alternative Real Estate Income Trust, Inc.)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss under this the Agreement have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 52 contracts

Samples: Agreement of Limited Partnership (Agree Realty Corp), Limited Partnership Agreement (Medalist Diversified REIT, Inc.), Limited Partnership Agreement (Medalist Diversified REIT, Inc.)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss under this the Agreement have substantial economic effect (or be consistent with the Partners' interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 39 contracts

Samples: Limited Partnership Agreement (Investors Real Estate Trust), Limited Partnership Agreement (Ocwen Asset Investment Corp), Limited Partnership Agreement (Hudson Hotels Trust)

Substantial Economic Effect. It is the intent of the Partnership and the Partners that the allocations of Profit and Loss under this the Agreement have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 IV and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 28 contracts

Samples: Limited Partnership Agreement (MPT of West Anaheim, LLC), Limited Partnership Agreement (MPT of West Anaheim, LLC), Limited Partnership Agreement (MPT of West Anaheim, LLC)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss under this Agreement have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 25 contracts

Samples: Contribution and Subscription Agreement (Generation Income Properties, Inc.), Limited Partnership Agreement (Apollo Realty Income Solutions, Inc.), Limited Partnership Agreement (Apollo Realty Income Solutions, Inc.)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss under this Agreement have substantial economic effect (or be consistent with the Partners' interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 17 contracts

Samples: Limited Partnership Agreement (NorthStar Real Estate Income II, Inc.), Limited Partnership Agreement (NorthStar Real Estate Income II, Inc.), Limited Partnership Agreement (Griffin Capital Essential Asset REIT II, Inc.)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss Loss, under this Agreement have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 16 contracts

Samples: Limited Partnership Agreement (ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.), Limited Partnership Agreement (ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.), Limited Partnership Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit net profit and Loss net loss (and items thereof) under this Agreement have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 13 contracts

Samples: Limited Partnership Agreement (Hines Global Income Trust, Inc.), Limited Partnership Agreement (HGR Liquidating Trust), Limited Partnership Agreement (Hines Global Income Trust, Inc.)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss under this Agreement have substantial economic effect (or be consistent with the Partners' interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 11 contracts

Samples: Limited Partnership Agreement (Apollo Realty Income Solutions, Inc.), Limited Partnership Agreement (Plymouth Industrial REIT Inc.), Limited Partnership Agreement (Plymouth Opportunity REIT Inc.)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss (and other items of income, gain, loss or deduction) under this Agreement have substantial economic effect (or be consistent with the Partners’ interests in the Operating Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 11 contracts

Samples: Limited Partnership Agreement (Global Income Trust, Inc.), Limited Partnership Agreement (Global Growth Trust, Inc.), Limited Partnership Agreement (CNL Properties Trust, Inc.)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit under Sections 5.1(a), 5.1(b), 5.1(c) and Loss under this Agreement 5.1(g) have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 8 contracts

Samples: Limited Partnership Agreement (Starwood Real Estate Income Trust, Inc.), Limited Partnership Agreement (Invesco Real Estate Income Trust Inc.), Limited Partnership Agreement (Invesco Real Estate Income Trust Inc.)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss under pursuant to this Agreement have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 7 contracts

Samples: Limited Partnership Agreement (Brookfield Real Estate Income Trust Inc.), Limited Partnership Agreement (J.P. Morgan Real Estate Income Trust, Inc.), Limited Partnership Agreement (J.P. Morgan Real Estate Income Trust, Inc.)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit net profit and Loss net loss (and items thereof), under this Agreement have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Industrial Income Trust Inc.), Limited Partnership Agreement (Industrial Income Trust Inc.), Limited Partnership Agreement (Industrial Income Trust Inc.)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss under this Agreement have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by and the Regulations promulgated pursuant thereto. To the greatest extent possible, Article 5 and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Blue Owl Real Estate Net Lease Trust), Limited Partnership Agreement (Blue Owl Real Estate Net Lease Trust), Limited Partnership Agreement (Blue Owl Real Estate Net Lease Trust)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss under this Agreement have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. To the greatest extent possible, Article 5 and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 4 contracts

Samples: Limited Partnership Agreement (New Mountain Net Lease Trust), Limited Partnership Agreement (New Mountain Net Lease Trust), Limited Partnership Agreement (North Haven Net REIT)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit Net Income, Net Loss, Net Property Gain and Net Property Loss under this the Agreement have substantial economic effect effect” (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 4 contracts

Samples: Limited Partnership Agreement (American Realty Capital Trust III, Inc.), Merger Agreement (American Realty Capital Trust III, Inc.), Merger Agreement (American Realty Capital Properties, Inc.)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss under this Agreement have substantial economic effect (effect, or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) Partnership, within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Resource REIT, Inc.), Limited Partnership Agreement (Resource REIT, Inc.), Limited Partnership Agreement (Resource Real Estate Opportunity REIT II, Inc.)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit under Sections 5.1(a), 5.1(b) and Loss under this Agreement 5.1(f) (as and when applicable) have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Jones Lang LaSalle Income Property Trust, Inc.), Limited Partnership Agreement (Jones Lang LaSalle Income Property Trust, Inc.), Limited Partnership Agreement (Jones Lang LaSalle Income Property Trust, Inc.)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit Net Income and Net Loss under this the Agreement have substantial economic effect effect” (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 3 contracts

Samples: Merger Agreement (Realty Income Corp), Merger Agreement (American Realty Capital Trust, Inc.), Limited Partnership Agreement (American Realty Capital Trust, Inc.)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss under this the Agreement have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse non-recourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 3 contracts

Samples: Third Amended and Restated Agreement of Limited Partnership (Condor Hospitality Trust, Inc.), Third Amended and Restated Agreement of Limited Partnership (Supertel Hospitality Inc), Third Amended and Restated Agreement of Limited Partnership (Supertel Hospitality Inc)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Current Profit and Residual Profit and Loss under this the Agreement have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 2 contracts

Samples: Limited Partnership Agreement (United Dominion Realty L P), Limited Partnership Agreement (UDR, Inc.)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss under this the Agreement have substantial economic effect effect” (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 2 contracts

Samples: Limited Partnership Agreement (American Realty Capital Properties, Inc.), Limited Partnership Agreement (American Realty Capital Properties, Inc.)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit net income and Loss net loss (and items thereof) under this Agreement have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 2 contracts

Samples: Limited Partnership Agreement (NRI Real Estate Investment & Technology, Inc.), Limited Partnership Agreement (NRI Real Token Inc.)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit Net Income and Net Loss under this Agreement have substantial economic effect (or be consistent with the Partners' interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent; provided, that any required adjustment or maintenance does not have a material adverse effect on the economic interests of the Partners.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Sentio Healthcare Properties Inc), Securities Purchase Agreement (Sentio Healthcare Properties Inc)

Substantial Economic Effect. It is the intent of the Partners --------------------------- that the allocations of Profit and Loss under this the Agreement have substantial economic effect (or be consistent with the Partners' interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Patriot American Hospitality Inc), Limited Partnership Agreement (Patriot American Hospitality Inc)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss and items of income, gain, expense and loss under this the Agreement have substantial economic effect (or be consistent with the Partners' interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant theretorelated Regulations. Article 5 6 and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such that intent.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Ps Business Parks Inc/Ca), Limited Partnership Agreement (Public Storage Properties Xi Inc)

Substantial Economic Effect. It is the intent of the Partners that the --------------------------- allocations of Profit and Loss under this the Agreement have substantial economic effect (or be consistent with the Partners' interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Wells Real Eastate Investment Trust Inc), Limited Partnership Agreement (Prentiss Properties Trust/Md)

Substantial Economic Effect. It is the intent of the Partners Members that the allocations of Profit and Loss under this the Agreement have substantial economic effect (or be consistent with the PartnersMembers’ interests in the Partnership Company in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. This Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Ellington Financial Inc.), Limited Liability Company Operating Agreement (Ellington Financial LLC)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss under this the Agreement have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.intent.‌

Appears in 2 contracts

Samples: Limited Liability Limited Partnership Agreement, Limited Liability Limited Partnership Agreement

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss under this the Agreement have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 Exhibit B hereto and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Capital Lodging), Limited Partnership Agreement (Capital Lodging)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss under this Agreement have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 . Section 5.1 and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Cohen & Steers Income Opportunities REIT, Inc.), Limited Partnership Agreement (Cohen & Steers Income Opportunities REIT, Inc.)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss under this the Agreement have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Code Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 2 contracts

Samples: Limited Partnership Agreement (MHI Hospitality CORP), Limited Partnership Agreement (MHI Hospitality CORP)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss under this the Agreement have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.. 19

Appears in 1 contract

Samples: Limited Partnership Agreement (Summit Hotel Properties, Inc.)

Substantial Economic Effect. It is the intent of the Partners that the --------------------------- allocations of Profit and Loss under this Agreement have substantial economic effect (or be consistent with the Partners' interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 1 contract

Samples: Limited Partnership Agreement (Wells Real Estate Investment Trust Inc)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss under this the Agreement have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse no recourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 1 contract

Samples: Limited Partnership Agreement (W2007 Grace Acquisition I Inc)

Substantial Economic Effect. It is the intent of the Partners that --------------------------- the allocations of Profit and Loss Los under this the Agreement have substantial economic effect (or be consistent with the Partners' interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 1 contract

Samples: Limited Partnership Agreement (Patriot American Hospitality Operating Co\de)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss under this Agreement have substantial economic effect (or be consistent with the Partners' interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.. 24006714184-v11 - 24 - 80-41019056

Appears in 1 contract

Samples: Limited Partnership Agreement (Apollo Realty Income Solutions, Inc.)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss under this the Agreement have substantial economic effect (or be consistent with the Partners' interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant theretorelated Regulations. Article 5 6 and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such that intent.

Appears in 1 contract

Samples: Limited Partnership Agreement (Public Storage Properties Xi Inc)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit under Sections 5.01(a), (b) and Loss under this Agreement (c) have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 1 contract

Samples: Limited Partnership Agreement (CatchMark Timber Trust, Inc.)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss under this Agreement have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b704 (b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.. ARTICLE

Appears in 1 contract

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

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss under this the Agreement have substantial economic effect (or be consistent with the Partners' interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 Exhibit B hereto and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 1 contract

Samples: Limited Partnership Agreement (First Potomac Realty Trust)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss under this Agreement have substantial economic effect (or be consistent with the Partners' interests in the Partnership in the case of the allocation of losses attributable to nonrecourse non-recourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 1 contract

Samples: Limited Partnership Agreement (Dividend Capital Inc)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit Net Income and Loss Net Losses under this Agreement have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. This Article 5 VI and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Macerich Co)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss under this Agreement have substantial economic effect (or be consistent with the Partners' interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. This Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 1 contract

Samples: Limited Partnership Agreement (Insignia Properties Trust /)

Substantial Economic Effect. It is the intent of the Partners Members that the allocations of Profit profit and Loss loss under this Agreement have substantial economic effect (or be consistent with the Partners’ Members' interests in the Partnership Company in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Treasury Regulations promulgated pursuant thereto. Article 5 VI and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 1 contract

Samples: Operating Agreement (Crestar Securitization LLC)

Substantial Economic Effect. It is the intent of the Partners that --------------------------- the allocations of Profit and Loss under this the Agreement have substantial economic effect (or be consistent with the Partners' interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 1 contract

Samples: Limited Partnership Agreement (Prentiss Properties Trust/Md)

Substantial Economic Effect. It is the intent of the Partners Members that the allocations of Profit Net Income and Loss Net Losses under this Agreement have substantial economic effect (or be consistent with the PartnersMembers’ interests in the Partnership LLC in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. This Article 5 VII and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Kimco Realty Corp)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit Net Income and Loss Net Losses under this Agreement have substantial economic effect (or be consistent with the Partners' interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 VI and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 1 contract

Samples: Limited Partnership Agreement (Camden Property Trust)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit Profits and Loss Losses under this the Agreement have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 1 contract

Samples: Limited Partnership Agreement (Highland Hospitality Corp)

Substantial Economic Effect. It is the intent of the Partnership and the Partners that the allocations of Profit and Loss under this the Agreement have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 IV and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.. Table of Contents

Appears in 1 contract

Samples: Limited Partnership Agreement (MPT of West Anaheim, LLC)

Substantial Economic Effect. It is the intent of the Partners that --------------------------- the allocations of Profit and Loss under this the Agreement have substantial economic effect (or be consistent with the Partners' interests in the Partnership in the case of the allocation of losses attributable to nonrecourse non-recourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 1 contract

Samples: Limited Partnership Agreement (Humphrey Hospitality Trust Inc)

Substantial Economic Effect. It is the intent of the Partners Members that the allocations of Profit and Loss under this Agreement have substantial economic effect (or be consistent with the PartnersMembers’ interests in the Partnership Company in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 ARTICLE V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 1 contract

Samples: Operating Agreement (StartEngine Real Estate REIT 1 LLC)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss under this the Agreement have substantial economic effect (or be consistent with the Partnersinterests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 1 contract

Samples: Limited Partnership Agreement (Institutional REIT, Inc.)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit and Loss under this the Agreement have substantial economic effect (or be consistent with the Partners' interests in the Partnership in the case of the allocation of losses attributable to nonrecourse non-recourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 1 contract

Samples: Limited Partnership Agreement (Humphrey Hospitality Trust Inc)

Substantial Economic Effect. It is the intent of the Partners that the allocations of Profit Profits and Loss Losses under this Agreement have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 V and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

Appears in 1 contract

Samples: Limited Partnership Agreement (Columbia Property Trust Operating Partnership, L.P.)