Debits to Capital Account. The Capital Account of each Partner shall be debited with the Partner’s allocable share of Losses, any individual items of expenses and loss allocated to such Partner pursuant to the provisions of this Article VI, the amount of any cash distributed to such Partner and the Fair Market Value of any Partnership asset (net of any liabilities assumed by the Partner and liabilities to which the asset is subject) distributed to such Partner or deemed distributed to such Partner in accordance with Regulations Section 1.704-1(b)(2)(iv)(c).
Appears in 4 contracts
Samples: Limited Partnership Agreement (Lexington Realty Trust), Contribution Agreement (Federal Realty Investment Trust), Limited Partnership Agreement (Lexington Master Limited Partnership)
Debits to Capital Account. The Capital Account of each Partner shall be debited with the Partner’s 's allocable share of Losses, any individual items of expenses and loss allocated to such Partner pursuant to the provisions of this Article VI, the amount of any cash distributed to such Partner and the Fair Market Value of any Partnership asset (net of any liabilities assumed by the Partner and liabilities to which the asset is subject) distributed to such Partner or deemed distributed to such Partner in accordance with Regulations Section 1.704-1(b)(2)(iv)(c).
Appears in 2 contracts
Samples: Management Agreement (Lexington Corporate Properties Trust), Limited Partnership Agreement (Ramco Gershenson Properties Trust)
