AGREEMENT OF LIMITED PARTNERSHIP OF FIRST UNION REIT, L.P.Limited Partnership Agreement • January 4th, 2005 • First Union Real Estate Equity & Mortgage Investments • Real estate investment trusts • Delaware
allocations required under Sections 1.A and 1.B hereof, such Partner has an Adjusted Capital Account Deficit, items of Partnership income and gain (consisting of a pro rata portion of each item of Partnership income, including gross income and gain for the Partnership taxable year) shall be specially allocated to such Partner in an amount and manner sufficient to eliminate, to the extent required by the Regulations, its Adjusted Capital Account Deficit created by such adjustments, allocations or distributions as quickly as possible.
