Net Losses. After giving effect to the special allocations set forth in Section 1 of Exhibit C, Net Losses shall be allocated to the Partners in accordance with their respective Partnership Interests, provided that Net Losses shall not be allocated to any Limited Partner pursuant to this Section 6.1.B to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit at the end of such taxable year (or increase any existing Adjusted Capital Account Deficit). All Net Losses in excess of the limitations set forth in this Section 6.1.B shall be allocated to the General Partner.
Appears in 12 contracts
Samples: Crescent Real Estate Equities Co, Crescent Real Estate Equities Co, Crescent Real Estate Equities Co
Net Losses. After giving effect to the special allocations set forth in Section 1 of Exhibit CC and the allocations set forth in Section 6.3 below, Net Losses shall be allocated to the Partners in accordance with their respective Partnership Interests, provided that Net Losses shall not be allocated to any Limited Partner pursuant to this Section 6.1.B to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit at the end of such taxable year (or increase any existing Adjusted Capital - 29 - Account Deficit). All Net Losses in excess of the limitations set forth in this Section 6.1.B shall be allocated to the General Partner.
Appears in 6 contracts
Samples: Crescent Real Estate Equities Co, Crescent Real Estate Equities Co, Crescent Real Estate Equities Co
Net Losses. After giving effect to the special allocations set forth in Section 1 of Exhibit CSections 6.2 and 6.3 below, Net Losses shall be allocated to the Partners in accordance with their respective Partnership Percentage Interests; provided, provided however, that Net Losses shall not be allocated to any Limited Partner pursuant to this Section 6.1.B 6.1(b) to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit at the end of such taxable year (or increase any existing Adjusted Capital Account Deficit). All Net Losses in excess of the limitations set forth in the preceding sentence of this Section 6.1.B 6.1(b) shall be allocated to the General Partner.
Appears in 3 contracts
Samples: Baron Capital Trust, Baron Capital Trust, Mar Mar Realty Trust
Net Losses. After giving effect to the special allocations set forth in Section 1 of Exhibit CC hereto, Net Losses shall be allocated to the Partners in accordance with proportion to their respective Partnership Percentage Interests, provided that that, Net Losses shall not be allocated to any Limited Partner pursuant to this Section 6.1.B 6.1.B. to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit (or to increase an existing Adjusted Capital Account Deficit) at the end of such taxable year (or increase any existing Adjusted Capital Account Deficitportion thereof). All Net Losses in excess of the limitations set forth in this Section 6.1.B 6.1.B. shall be allocated to the General Partner.
Appears in 3 contracts
Samples: Shelbourne Properties I Inc, Shelbourne Properties Ii Inc, Shelbourne Properties Iii Inc
Net Losses. After giving effect to the special allocations set forth in Section 1 of Exhibit CC attached hereto, Net Losses shall be allocated to the Partners in accordance with their respective Partnership Percentage Interests; provided, provided however, that Net Losses shall not be allocated to any Limited Partner pursuant to this Section 6.1.B to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit at the end of such taxable year (or increase any existing Adjusted Capital Account Deficit). All Net Losses in excess of the limitations set forth in this Section 6.1.B shall be allocated to the General Partner.
Appears in 3 contracts
Samples: Boddie Noell Properties Inc, Fac Realty Trust Inc, Fac Realty Inc
Net Losses. After giving effect to the special allocations set forth in Section 1 of Exhibit EXHIBIT C, Net Losses shall be allocated to the Partners in accordance with their respective Partnership Percentage Interests, provided that Net Losses shall not be allocated to any Limited Partner pursuant to this Section 6.1.B to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit at the end of such taxable year (or increase any existing Adjusted Capital Account Deficit). All Net Losses in excess of the limitations set forth in this Section 6.1.B shall be allocated to the General Partner.
Appears in 3 contracts
Samples: Gotham Golf Corp, Gotham Golf Corp, Gotham Golf Corp
Net Losses. After giving effect to the special allocations set forth ---------- in Section 1 of Exhibit CB, Net Losses shall be allocated to the Partners in --------- accordance with their respective Partnership Percentage Interests, ; provided that Net Losses -------- ---- shall not be allocated to any Limited Partner pursuant to this Section 6.1.B to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit at the end of such taxable year (or increase any existing Adjusted Capital Account Deficit). All Net Losses in excess of the limitations set forth in this Section 6.1.B shall be allocated to the General Partner.
Appears in 2 contracts
Samples: Cavanaughs Hospitality Corp, Cavanaughs Hospitality Corp
Net Losses. After giving effect to the special allocations set forth in Section 1 of Exhibit C6.4 hereof, Net Losses shall be allocated to the Partners in accordance with their respective Partnership Interests, provided that Net Losses shall not be allocated to any Limited Partner pursuant to this Section 6.1.B to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit at the end of such taxable year (or increase any existing Adjusted Capital Account Deficit). All Net Losses in excess of the limitations set forth in this Section 6.1.B shall be allocated to the General Partner.
Appears in 2 contracts
Samples: Registration Rights Agreement (Agree Realty Corp), Agree Realty Corp
Net Losses. After giving effect to the special allocations set forth in Section 1 of Exhibit C, Net Losses shall be allocated to the Partners in accordance with their respective Partnership Percentage Interests, provided that Net Losses shall not be allocated to any Limited Partner pursuant to this Section 6.1.B to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit at the end of such taxable year (or increase any existing Adjusted Capital Account Deficit). All Net Losses in excess of the limitations set forth in this Section 6.1.B shall be allocated to the General Partner.
Appears in 2 contracts
Net Losses. After giving effect to the special allocations set forth in Section 1 of Exhibit CC and the allocations set forth in Section 6.3 below, Net Losses shall be allocated to the Partners in accordance with their respective Partnership Interests, provided that Net Losses shall not be allocated to any Limited Partner pursuant to this Section 6.1.B to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit at the end of such taxable year (or increase any existing Adjusted Capital Account Deficit). All Net Losses in excess of the limitations set forth in this Section 6.1.B shall be allocated to the General Partner.
Appears in 2 contracts
Samples: Crescent Real Estate Equities Co, Crescent Real Estate Equities Co
Net Losses. After giving effect to the special allocations set forth in Section 1 of Exhibit C, Net Losses shall be allocated to the Partners in accordance with their -30- 36 respective Partnership Interests, provided that Net Losses shall not be allocated to any Limited Partner pursuant to this Section 6.1.B to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit at the end of such taxable year (or increase any existing Adjusted Capital Account Deficit). All Net Losses in excess of the limitations set forth in this Section 6.1.B shall be allocated to the General Partner.
Appears in 1 contract
Samples: Crescent Real Estate Equities Co
Net Losses. After giving effect to the special allocations set forth in Section 1 of Exhibit C, Net Losses shall be allocated to the Partners in accordance with their respective Partnership Percentage Interests, ; provided that Net Losses shall not be allocated to any Limited Partner pursuant to this Section 6.1.B to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit at the end of such taxable year (or increase any existing Adjusted Capital Account Deficit). All Net Losses in excess of the limitations set forth in this Section 6.1.B shall be allocated to the General Partner.
Appears in 1 contract
Samples: Hammons John Q Hotels Lp
Net Losses. After giving effect to the special allocations set forth in Section 1 of Exhibit CSections 6.4 and 6.6 hereof, Net Losses shall be allocated to the Partners in accordance with their respective Partnership Interests, provided that Net Losses shall not be allocated to any Limited Partner pursuant to this Section 6.1.B to the extent that such allocation would cause such Limited Partner to have an Adjusted Capital Account Deficit at the end of such taxable year (or increase any existing Adjusted Capital Account Deficit). All Net Losses in excess of the limitations set forth in this Section 6.1.B shall be allocated to the General Partner.
Appears in 1 contract
Samples: Agree Realty Corp
Net Losses. After giving effect to the special allocations set forth in Section 1 of Exhibit C6.2 below, Net Losses shall be allocated in proportion to the Partners in accordance with their respective Partnership Interests, Percentage Interests of the Partners; provided that Net Losses shall not be allocated to any the Limited Partner Partners pursuant to this Section 6.1.B 6.1(b) to the extent that such allocation would cause such the Limited Partner Partners to have an Adjusted Capital Account Deficit at the end of such taxable year (or increase any existing Adjusted Capital Account Deficit). All Net Losses in excess of the limitations set forth in the preceding sentence of this Section 6.1.B 6.1(b) shall be allocated to the General Partner.
Appears in 1 contract
Samples: Hub Group Inc