General Partner Allocation. Notwithstanding any other provision in this Agreement, the interests (including limited partnership interests) of the General Partner in each material item of Partnership income, gain, loss, deduction or credit shall be equal to at least one percent (1%) of each such item at all times during the existence of the Partnership (except as otherwise required under Sections 704(b) or 704(c) or the special allocations provided for in Section 1 of this Exhibit C).
Appears in 3 contracts
Sources: Limited Partnership Agreement (Crescent Real Estate Equities Co), Limited Partnership Agreement (Crescent Real Estate Equities Co), Limited Partnership Agreement (Crescent Real Estate Equities Co)