Partnership Year definition

Partnership Year means the fiscal year of the Partnership, which shall be the calendar year.

Partnership Year means the fiscal year of the Partnership, as set forth in Section 9.2 hereof.

Partnership Year has the meaning set forth in Section 9.2 hereof.

Examples of Partnership Year in a sentence

• Any Partner Nonrecourse Deductions for any Partnership Year shall be specially allocated to the Holder(s) who bears the economic risk of loss with respect to the Partner Nonrecourse Debt to which such Partner Nonrecourse Deductions are attributable, in accordance with Regulations Section 1.704-2(i).

• In the case of such admission on any day other than the first day of a Partnership Year, all items attributable to the General Partner Interest for such Partnership Year shall be allocated between the transferring General Partner and such successor as provided in Article 11.

• Net Income and Net Loss of the Partnership shall be determined and allocated with respect to each Partnership Year of the Partnership as of the end of each such year.

• Any Nonrecourse Deductions for any Partnership Year shall be specially allocated to the Holders in accordance with their respective Percentage Interests.

• To the extent that REIT Payments may not be made in a Partnership Year as a consequence of the limitations set forth in this Section 15.12, such REIT Payments shall carry over and shall be treated as arising in the following Partnership Year if such carry over does not adversely affect the REIT Partner’s ability to qualify as a REIT, provided, however, that any such REIT Payment shall not be carried over more than three Partnership Years, and any such remaining payments shall no longer be due and payable.

More Definitions of Partnership Year

Partnership Year shall have the meaning ascribed to such term in Section 1.6.

Partnership Year means the calendar year.

Partnership Year means the Partnership’s taxable year ending on December 31 (or part thereof in the case of the Partnership’s first and last taxable year) or such other year as is (i) required by Code Section 706 or (ii) determined by the General Partner (if no year is so required by Code Section 706).

Partnership Year means the fiscal year of the Partnership, which shall end on the Friday nearest December 31.

Partnership Year means the Partnership’s taxable year or any shorter period for which Partnership profits and losses are allocated.

Partnership Year means a period of one year with the first Partnership Year commencing as of the date the Investor Partners are first admitted to the Partnership and ending immediately prior to the anniversary of such date and with each succeeding Partnership Year commencing as of the anniversary of such date and ending immediately prior to the next succeeding anniversary date.

Partnership Year means the fiscal year of the Partnership, which shall be the calendar year. “Payment Deferral” has the meaning assigned to such term in Section 4.13(g)(ii).