Forfeiture Allocations. Upon a forfeiture of any Unvested LTIP Units by any Partner, gross items of income, gain, loss or deduction shall be allocated to such Partner if and to the extent required by final Regulations promulgated after the Effective Date to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b).
Appears in 23 contracts
Samples: Agreement and Plan of Merger (American Assets Trust, Inc.), Agreement and Plan of Merger (American Assets Trust, Inc.), Op Contribution Agreement (American Assets Trust, Inc.)
Forfeiture Allocations. Upon a forfeiture of any Unvested LTIP Units or Unvested Performance Units by any Partner, gross items of income, gain, loss or deduction shall be allocated to such Partner if and to the extent required by final Regulations promulgated after the Effective Date to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b).
Appears in 14 contracts
Samples: Agreement (Parking REIT, Inc.), Agreement (Hudson Pacific Properties, L.P.), Agreement (Rexford Industrial Realty, Inc.)
Forfeiture Allocations. Upon a forfeiture of any Unvested LTIP Units by any Partner, gross items of income, gain, loss or deduction shall be allocated to such Partner if and to the extent required by final Regulations promulgated after the Effective Date date hereof to ensure that allocations made with respect to all unvested Partnership Interests are recognized as having economic effect under Code Section 704(b).
Appears in 6 contracts
Samples: Contribution Agreement (City Office REIT, Inc.), Contribution Agreement (City Office REIT, Inc.), City Office REIT, Inc.
Forfeiture Allocations. Upon a forfeiture of any Unvested Forfeitable LTIP Units by any Partner, gross items of income, gain, loss or deduction shall be allocated to such Partner if and to the extent required by final Regulations promulgated after the Effective Date to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b).
Appears in 5 contracts
Samples: Agreement (Excel Trust, Inc.), Agreement (Excel Trust, Inc.), Agreement (Excel Trust, Inc.)
Forfeiture Allocations. Upon a forfeiture of any Unvested LTIP Units by any Partner, gross items of income, gain, loss or deduction shall be allocated to such Partner if and to the extent required by final Regulations promulgated after the Effective Date January 31, 2017 to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b).
Appears in 4 contracts
Samples: Apartment Income REIT Corp., Apartment Income REIT Corp., Aimco Properties L.P.
Forfeiture Allocations. Upon Subject to Section 5.11.3 with respect to a forfeiture of certain LTIP Units, upon a forfeiture of any Unvested LTIP Units unvested Partnership Interest by any Partner, gross items of income, gain, loss or deduction shall be allocated to such Partner if and to the extent required by final Regulations promulgated after the Effective Date effective date of this Agreement to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b).
Appears in 4 contracts
Samples: Limited Partnership Agreement (Cottonwood Communities, Inc.), Agreement and Plan of Merger (Cottonwood Communities, Inc.), Limited Partnership Agreement (Cottonwood Communities, Inc.)
Forfeiture Allocations. Upon a forfeiture of any Unvested LTIP Units Partnership Unit by any Partner, gross items of income, gain, loss or deduction shall be allocated to such Partner if and to the extent required by final Treasury Regulations promulgated after the Effective Restatement Date to ensure that allocations made with respect to all unvested Unvested LTIP Partnership Interests Units are recognized under Code Section 704(b).
Appears in 3 contracts
Samples: Healthcare Realty Holdings, L.P., Healthcare Trust of America, Inc., Healthcare Trust of America, Inc.
Forfeiture Allocations. Upon a forfeiture of any Unvested LTIP Units by any Partner, gross items of income, gain, loss or deduction shall be allocated to such Partner if and to the extent required by final Regulations promulgated after the Effective Date to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b), but in no event shall such allocations affect the allocations to the Class A Partners.
Appears in 2 contracts
Samples: UDR, Inc., United Dominion Realty L P
Forfeiture Allocations. Upon a forfeiture of any Unvested LTIP Units by any Partner, gross items of income, gain, loss or deduction shall be allocated to such Partner if and to the extent required by final Regulations promulgated after the Effective Date August 11, 2020 to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b).
Appears in 2 contracts
Samples: Agreement (Aimco OP L.P.), Aimco OP L.P.
Forfeiture Allocations. Upon a forfeiture of any Unvested LTIP Units by any Partner, gross items of income, gain, loss or deduction shall be allocated to such Partner if and to the extent required by final Regulations promulgated after the Effective Date to ensure that allocations made with respect to all unvested Partnership Interests Unvested LTIP Units are recognized under Code Section 704(b).
Appears in 2 contracts
Samples: Omega Healthcare Investors Inc, Hot Springs Cottages Owner, LLC
Forfeiture Allocations. Upon a forfeiture of any Unvested LTIP Units by any Partner, gross items of income, gain, loss or deduction shall be allocated to such Partner if and to the extent required by final Regulations promulgated after the Effective Date date of this Agreement to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b).
Appears in 1 contract
Samples: International Market Centers, Inc.
Forfeiture Allocations. Upon a forfeiture of any Unvested LTIP Units by any Partner, gross items of income, gain, loss or deduction shall be allocated to such Partner if and to the extent required by final Regulations promulgated after the Effective Date to ensure that allocations made with respect to all unvested Partnership Interests are recognized under Code Section 704(b). Prior to the finalization of the Regulations described in the preceding sentence, the General Partner may make similar “forfeiture allocations” to the extent the General Partner determines such allocations are permitted by law.
Appears in 1 contract
Samples: CyrusOne Inc.
