Examples of Partnership Fiscal Year in a sentence
Notwithstanding any other provision of this Agreement, in the event there is a net decrease in Partnership Minimum Gain during a Partnership Fiscal Year, the Partners shall be allocated items of income and gain in accordance with Treasury Regulations Section 1.704-2(f).
A Partner may withdraw from the Partnership any cash contributed by such Partner to the Partnership, plus an amount equal to such Partner’s share of the Partnership’s Profits for the then-current Partnership Fiscal Year, less any amounts owed by such Partner to the Partnership.
If, with respect to a given Partnership Fiscal Year, no cash distribution is made by the Partnership to its Limited Partners and holders of Class D Units, 99.98% of the Income for Tax Purposes or Loss for Tax Purposes, as applicable, from each source for that Fiscal Year will be allocated among the Limited Partners and the holders of Class D Units at the end of each month in that Fiscal Year in proportion to the LP Units or Class D Units, as applicable, held by each of them at each of those dates.