Corrective Allocations. If, as a result of the exercise of a Noncompensatory Option, including the conversion of Series A Preferred Units into Common Units, the General Partner determines that a Capital Account reallocation pursuant to Regulations Section 1.704-1(b)(2)(iv)(s)(3) is necessary or advisable, the Partnership shall make corrective allocations pursuant to Regulation Section 1.704-1(b)(4)(x).
Appears in 3 contracts
Sources: Limited Partnership Agreement (Enterprise Products Partners L.P.), Limited Partnership Agreement, Limited Partnership Agreement