Allocations To The Limited Partners. It is more likely than not that all material allocations to the Limited Partners of income, gain, loss and deductions, as provided for in the Partnership Agreement and as discussed in the Prospectus, will be respected under Section 704(b) of the Code, or in the alternative, will be deemed to be in accordance with the Partners' interests in the Partnership. Counsel's opinion is based upon the facts described in this Prospectus and upon facts and assumptions as they have been represented by the General Partners to Counsel or determined by them as of the date of the opinion. Counsel has not independently audited or verified the facts represented to it by the General Partners. The material assumptions and representations are summarized below:
Appears in 7 contracts
Samples: Subscription Agreement (Redwood Mortgage Investors Viii), Subscription Agreement (Redwood Mortgage Investors Viii), Subscription Agreement (Redwood Mortgage Investors Viii)
