Special Allocations of Depreciation Sample Clauses

Special Allocations of Depreciation. Notwithstanding any other provisions of this Sections 5.01, after giving effect to the regulatory allocations in Section 5.01(d), but prior to any allocations under Sections 5.01(a)(ii) and 5.01(b)(ii), the Initial Limited Partner shall be entitled to allocations of Depreciation until the cumulative amount of Depreciation allocated to the Initial Limited Partner pursuant to this Section 5.01(c)(i) for all years equals $10,000,000; provided, that (A) the Initial Limited Partner shall notify the Partnership in writing, within fifteen (15) days after the end of the year to which the allocation of Depreciation relates, of the amount of Depreciation the Initial Limited Partner elects to have allocated to it for such year, (B) the amount of Depreciation the Initial Limited Partner may elect to be allocated pursuant to this Section 5.01(c)(i) for any year shall not exceed $10,000,000 minus the amount of Depreciation specially allocated pursuant to this Section 5.01(c)(i) (or the corresponding provision of the Amended and Restated Agreement) to the Initial Limited Partner for all prior years, and (C) if the amount of Depreciation the Partnership is able to allocate in a year is less than the amount the Initial Limited Partner has elected for such year, the Partnership shall notify the Initial Limited Partner as early as reasonably practicable but in no event later than five (5) days prior to the date it issues K-1’s for such year.
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Special Allocations of Depreciation. Notwithstanding any other provisions of this Sections 5.01, after giving effect to the regulatory allocations in Section 5.01(d), but prior to any allocations under Sections 5.01(a)(ii) and 5.01(b)(iii), Depreciation shall be allocated to the AREP Limited Partner, until the cumulative amount of Depreciation allocated to the AREP Limited Partner pursuant to this Section 5.01(c)(i) for all years equals $10,000,000, to the ARCA III Limited Partner, until the cumulative amount of Depreciation allocated to the ARCA III Limited Partner pursuant to this subparagraph 5.01(c)(i) for all years equals $50,000,000, and to the ARCA IV Limited Partner, until the cumulative amount of Depreciation allocated to the ARCA IV Limited Partner pursuant to this subparagraph 5.01(c)(i) for all years equals $10,000,000, pro rata and pari passu in proportion to the amount of Depreciation that each such Partner is entitled to be allocated that has not yet been allocated to such Partner.
Sample 1
Special Allocations of Depreciation. Notwithstanding any other provisions of this Sections 5.01, after giving effect to the regulatory allocations in Section 5.01(d), but prior to any allocations under Sections 5.01(a)(i) and 5.01(b), Depreciation shall be allocated to the Advisors Limited Partner until the cumulative amount of Depreciation allocated to the Advisors Limited Partner pursuant to this Section 5.01(c)(i) for all years equals $10,000,000.
Sample 1
Special Allocations of Depreciation. Notwithstanding any other provisions of this Sections 5.01, after giving effect to the regulatory allocations in Section 5.01(d), but prior to any allocations under Sections 5.01(a)(ii) and 5.01(b)(iii), Depreciation shall be allocated to the AREP Limited Partner, until the cumulative amount of Depreciation allocated to the AREP Limited Partner pursuant to this Section 5.01(c)(i) for all years equals $10,000,000, and to the ARCA Limited Partner, until the cumulative amount of Depreciation allocated to the ARCA Limited Partner pursuant to this subparagraph 5.01(c)(i) for all years equals $10,000,000, pro rata and pari passu in proportion to the amount of Depreciation that each such Partner is entitled to be allocated that has not yet been allocated to such Partner.
Sample 1
Special Allocations of Depreciation. Depreciation with respect to each Partnership asset placed into service by the Partnership on or before December 31, 1996, shall be allocated among the Partners in proportion to their Ownership Interests as of such date. Depreciation with respect to each Partnership asset, including Partnership assets included in Sole Risk New System Projects and Sole-Risk Extension Projects, placed into service by the Partnership after December 31, 1996, shall be allocated among the Partners in proportion to the percentage interests in which the Partners are allocated items of income, gain, loss, and deduction with respect to the activity on which such asset is engaged at the time it is placed into service. Changes to such Ownership Interests and percentage interests occurring after a Partnership asset is placed into service as a result of Payout or pursuant to Section 4.9 shall not alter the manner in which Depreciation with respect to such asset is allocated among the Partners.
Sample 1
Special Allocations of Depreciation. Depreciation shall be allocated first to the Contributing Limited Partner until the cumulative amount of Depreciation allocated to the Contributing Limited Partner pursuant to this Section 5.01(g) for all years equals $10,000,000.
Sample 1

Related to Special Allocations of Depreciation

  • Special Allocations The following special allocations shall be made in the following order:

  • Allocations of Principal Collections The Servicer shall allocate to the Series 1997-1 Certificateholders the following amounts as set forth below:

  • Timing and Amount of Allocations of Net Income and Net Loss 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. Subject to the other provisions of this Article 6, an allocation to a Partner of a share of Net Income or Net Loss shall be treated as an allocation of the same share of each item of income, gain, loss or deduction that is taken into account in computing Net Income or Net Loss.

  • General Allocations 26 Section 6.3

  • Section 704(c) Allocations Notwithstanding Section 6.5.A hereof, Tax Items with respect to Property that is contributed to the Partnership with an initial Gross Asset Value that varies from its basis in the hands of the contributing Partner immediately preceding the date of contribution shall be allocated among the Holders for income tax purposes pursuant to Regulations promulgated under Code Section 704(c) so as to take into account such variation. With respect to Partnership Property that is contributed to the Partnership in connection with the General Partner’s initial public offering, such variation between basis and initial Gross Asset Value shall be taken into account under the “traditional method” as described in Regulations Section 1.704-3(b). With respect to other Properties, the Partnership shall account for such variation under any method approved under Code Section 704(c) and the applicable Regulations as chosen by the General Partner. In the event that the Gross Asset Value of any Partnership asset is adjusted pursuant to subsection (b) of the definition of “Gross Asset Value” (provided in Article 1 hereof), subsequent allocations of Tax Items with respect to such asset shall take account of the variation, if any, between the adjusted basis of such asset and its Gross Asset Value in the same manner as under Code Section 704(c) and the applicable Regulations and using the method chosen by the General Partner; provided, however, that the “traditional method” as described in Regulations Section 1.704-3(b) shall be used with respect to Partnership Property that is contributed to the Partnership in connection with the General Partner’s initial public offering. Allocations pursuant to this Section 6.5.B are solely for purposes of Federal, state and local income taxes and shall not affect, or in any way be taken into account in computing, any Partner’s Capital Account or share of Net Income, Net Loss, or any other items or distributions pursuant to any provision of this Agreement.

  • Allocations of Net Income and Net Loss Except as otherwise provided in this Agreement, after giving effect to the special allocations in subparagraph 1(c) and paragraph 2, Net Income, Net Loss and, to the extent necessary, individual items of income, gain, loss or deduction, of the Partnership for each fiscal year or other applicable period of the Partnership shall be allocated among the General Partner and Limited Partners in accordance with their respective Percentage Interests.

  • Capital Accounts Allocations There shall be established in respect of each Holder a separate capital account in the books and records of the Up-MACRO Holding Trust in respect of the Holder's Capital Contributions to the Up-MACRO Holding Trust (each, a "Capital Account"), to which the following provisions shall apply:

  • Allocations of Collections 35 SECTION 10. Payments..................................................................................................47 SECTION 11.

  • Book Allocations The net income and net loss of the Company shall be allocated entirely to the Member.

  • Capital Accounts and Allocations (a) CAPITAL ACCOUNTS. A separate capital account (a "Capital Account") shall be established and maintained for each Member, which shall initially be equal to the Capital Contribution of such Member as set forth on Schedule A hereto. Such Capital Accounts shall be maintained in accordance with Section 1.704-1(b)(2)(iv) of the Treasury Regulations, and this Section 5.2 shall be interpreted and applied in a manner consistent with said Section of the Treasury Regulations. The Capital Accounts shall be maintained for the sole purpose of allocating items of income, gain, loss and deduction among the Members and shall have no effect on the amount of any distributions to any Members in liquidation or otherwise. The amount of all distributions to Members shall be determined pursuant to Sections 5.3, 5.4 and 5.5.

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