Common use of Gross Income Allocation Clause in Contracts

Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Allocation Year, each such Partner shall be allocated items of Partnership income and gain in the amount of such deficit as quickly as possible; provided that an allocation pursuant to this Section 5.3(d) shall be made only if and to the extent that such Partner would have an Adjusted Capital Account Deficit after all other allocations provided for in this Article V have been tentatively made as if Section 5.3(c) and this Section 5.3(d) were not in this Agreement.

Appears in 16 contracts

Samples: Original Agreement (Howard Midstream Partners, LP), Original Agreement (Howard Midstream Partners, LP), CONE Midstream Partners LP

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Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Allocation Year, each such Partner shall be specially allocated items of the Partnership income and gain in the amount of such deficit excess as quickly as possible; , provided that an allocation pursuant to this Section 5.3(d4.01(c)(iv) shall be made only if and to the extent that such Partner would have an Adjusted adjusted Capital Account Deficit in excess of such sum after all other allocations provided for in this Article V subsection have been tentatively made as if Section 5.3(c4.01(c)(iii) hereof and this Section 5.3(d4.01(c)(iv) were not in this Agreement.

Appears in 15 contracts

Samples: Agreement (MPT of West Anaheim, LLC), Agreement (MPT of West Anaheim, LLC), Agreement (MPT of West Anaheim, LLC)

Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Allocation Year, each such Partner shall be allocated items of Partnership income and gain in the amount of such deficit as quickly as possible; provided provided, however, that an allocation pursuant to this Section 5.3(d) shall be made only if and to the extent that such Partner would have an Adjusted Capital Account Deficit after all other allocations provided for in this Article V have been tentatively made as if Section 5.3(c) and this Section 5.3(d) were not in this Agreement.

Appears in 12 contracts

Samples: Hess Midstream Partners LP, Hess Midstream Partners LP, Hess Midstream Partners LP

Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Allocation Year, each such Partner shall be specially allocated items of the Partnership income and gain in the amount of such deficit excess as quickly as possible; , provided that an allocation pursuant to this Section 5.3(d4.01(c)(iv) shall be made only if and to the extent that such Partner would have an Adjusted adjusted Capital Account Deficit in excess of such sum after all other allocations provided for in this Article V subsection have been tentatively made as if Section 5.3(c4.01(c)(iii) hereof and this Section 5.3(d4.01(c)(iv) were not in this Agreement.. 18

Appears in 10 contracts

Samples: Agreement (MPT of West Anaheim, LLC), Agreement (MPT of West Anaheim, LLC), Agreement (MPT of West Anaheim, LLC)

Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Allocation Taxable Year, each such Partner shall be specially allocated items of Partnership income and gain in the amount of such deficit balance as quickly as possible; provided that provided, that, an allocation pursuant to this Section 5.3(d5.4(a) shall be made only if and to the extent that such Partner would have an Adjusted Capital Account Deficit balance after all other allocations provided for in this Article V have been tentatively made as if Section 5.3(c) and this Section 5.3(d) were not in this Agreementmade.

Appears in 7 contracts

Samples: Limited Partnership Agreement (Plains All American Pipeline Lp), Limited Partnership Agreement (Plains Gp Holdings Lp), Limited Partnership Agreement (Plains All American Pipeline Lp)

Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Allocation Fiscal Year, each such Partner shall be allocated items of Partnership income and gain in the amount of such the deficit as quickly as possible; provided that an allocation pursuant to this Section 5.3(d7.3(d) shall will be made only if and to the extent that such the Partner would have an Adjusted Capital Account Deficit after all other allocations provided for in this Article V 7 have been tentatively made as if Section 5.3(c7.3(c) and this Section 5.3(d7.3(d) were not in this Agreement.

Appears in 6 contracts

Samples: Agreement (Columbia Pipeline Partners LP), Agreement (Columbia Pipeline Partners LP), Agreement (Columbia Pipeline Partners LP)

Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Allocation Fiscal Year, each such Partner shall be allocated items of Partnership income and gain in the amount of such the deficit as quickly as possible; provided that an allocation pursuant to this Section 5.3(d) shall will be made only if and to the extent that such the Partner would have an Adjusted Capital Account Deficit after all other allocations provided for in this Article V have been tentatively made as if Section 5.3(c) and this Section 5.3(d) were not in this Agreement.

Appears in 6 contracts

Samples: Contribution Agreement (Dominion Midstream Partners, LP), Contribution Agreement, Existing Agreement (Dominion Midstream Partners, LP)

Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Allocation Taxable Year, each such Partner shall be specially allocated items of Partnership income and gain in the amount of such deficit balance as quickly as possible; provided that provided, that, an allocation pursuant to this Section 5.3(d5.3(e) shall be made only if and to the extent that such Partner would have an Adjusted Capital Account Deficit balance after all other allocations provided for in this Article V have been tentatively made as if Section 5.3(c) and this Section 5.3(d) were not in this Agreementmade.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Natural Resource Partners Lp), Agreement (Natural Resource Partners Lp), Contribution Agreement (Natural Resource Partners Lp)

Gross Income Allocation. In the event that any If a Partner has an Adjusted Capital Account Deficit at the end of any Allocation YearPeriod, each then such Partner shall be specially allocated items of Partnership gross income and gain in the amount of such deficit excess as quickly as possible; provided , provided, that an allocation pursuant to this Section 5.3(d4.06(c)(iv) shall be made only if and to the extent that such Partner would have an Adjusted Capital Account Deficit after all other allocations provided for in this Article V Section 4.06 have been tentatively made as if Section 5.3(c4.06(c)(iii) and this Section 5.3(d4.06(c)(iv) were not in this Agreement.

Appears in 5 contracts

Samples: Limited Partnership Agreement (UC Asset LP), Limited Partnership Agreement (UC Asset LP), Limited Partnership Agreement (UC Asset LP)

Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Allocation Year, each such Partner shall be allocated items of Partnership income and gain in the amount of such deficit as quickly as possible; provided that an allocation pursuant to this Section 5.3(d5.03(d) shall be made only if and to the extent that such Partner would have an Adjusted Capital Account Deficit after all other allocations provided for in this Article V 5 have been tentatively made as if Section 5.3(c5.03(c) and this Section 5.3(d5.03(d) were not in this Agreement.

Appears in 4 contracts

Samples: MPLX Lp, Midcoast Energy Partners, L.P., Midcoast Energy Partners, L.P.

Gross Income Allocation. In the event that any Partner If one or more Partners has an Adjusted Capital Account Deficit at the end of any Allocation Fiscal Year, each such Partner shall be specially allocated items of Partnership income and gain in the amount of such deficit excess as quickly as possiblepossible (in proportion to the amount of such deficit); provided that an allocation pursuant to this Section 5.3(d3.2(d) shall be made only if and to the extent that such a Partner would have an Adjusted Capital Account Deficit after all other allocations provided for in this Article V Section 3 have been tentatively made as if Section 5.3(c3.2(c) and this Section 5.3(d3.2(d) were not in this Partnership Agreement.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Jamestown Invest 1, LLC), Limited Partnership Agreement (Jamestown Atlanta Invest 1, LLC), Limited Partnership Agreement (Jamestown Atlanta Invest 1, LLC)

Gross Income Allocation. In the event that If any Partner has an Adjusted Capital Account Deficit at the end of any Allocation YearDeficit, each such Partner shall be specially allocated items of Partnership income and gain in the amount of such deficit as quickly rapidly as possible; , provided that an allocation pursuant to this Section 5.3(d8.05(d) shall be made only if and only to the extent that such Partner would have an Adjusted Capital Account Deficit after all other allocations provided for in this Article V Agreement have been tentatively made as if Section 5.3(c) and this Section 5.3(d8.05(d) were not in this Agreement.

Appears in 3 contracts

Samples: Agreement (White River Energy Corp.), Agreement (White River Energy Corp.), Agreement (White River Energy Corp.)

Gross Income Allocation. In the event that any Limited Partner has an Adjusted Capital Account Deficit at the end of any Allocation Year, Partnership fiscal year each such Limited Partner shall be specially allocated items of Partnership income and gain in the amount of such deficit excess as quickly as possible; , provided that an allocation pursuant to this Section 5.3(d4.2(b) shall be made only if and to the extent that such Limited Partner would have has an Adjusted Capital Account Deficit in excess of such sum after all other allocations provided for in this Article V IV have been tentatively made as if Section 5.3(c4.2(a) hereof and this Section 5.3(d4.2(b) were not in this Agreement.

Appears in 2 contracts

Samples: Agreement (Advanced Prosthetics of America, Inc.), JMA Associates, Inc.

Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Allocation Taxable Year, each such Partner shall be specially allocated items of Partnership income and gain in the amount of such deficit balance as quickly as possible; provided that provided, that, an allocation pursuant to this Section 5.3(d5.3(a) shall be made only if and to the extent that such Partner would have an Adjusted Capital Account Deficit balance after all other allocations provided for in this Article V have been tentatively made as if Section 5.3(c) and this Section 5.3(d) were not in this Agreementmade.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Plains All American Pipeline Lp), Limited Partnership Agreement (Plains All American Pipeline Lp)

Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Allocation Yearfiscal year, then there shall be allocated to each such Partner shall be allocated items of Partnership income and gain in the amount of such deficit excess as quickly as possible; provided provided, however, that an allocation pursuant to this Section 5.3(d) 4.4.4 shall be made only if and to the extent that such Partner would have an Adjusted a deficit Capital Account Deficit in excess of such sum after all other allocations provided for in this Article V Section 4 have been tentatively made as if Section 5.3(c) 4.4.3 and this Section 5.3(d) 4.4.4 were not in this Agreement.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Silvercrest Asset Management Group Inc.), Limited Partnership Agreement (Silvercrest Asset Management Group Inc.)

Gross Income Allocation. In the event that any Limited Partner has an Adjusted a deficit Capital Account Deficit at the end of any Allocation YearPartnership fiscal year, each such Limited Partner shall be specially allocated items of Partnership income and gain in the amount of such deficit as quickly as possible; , provided that an allocation pursuant to this Section 5.3(d5.05(d) shall be made only if and to the extent that such Partner would have an Adjusted Capital Account Deficit after all other allocations provided for in this Article V Section 5.05 have been tentatively made as if this Section 5.3(c5.05(c) and this Section 5.3(d5.05(d) were not in this Agreement.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Inergy Storage, Inc.), Limited Partnership Agreement (Inergy Storage, Inc.)

Gross Income Allocation. In the event that If any Partner has an Adjusted Capital Account Deficit at the end of any Allocation Fiscal Year, each such Partner shall be specially allocated items of Partnership income and gain in the amount of such deficit excess as quickly as possible; , provided that an allocation pursuant to this Section 5.3(d4.3(a)(v) shall be made only if and only to the extent that such Partner would have an Adjusted Capital Account Deficit in excess of such sum after all other allocations provided for in this Article V 4 have been tentatively made as if Section 5.3(c) and this Section 5.3(d4.3(a)(v) were not in this Agreement.

Appears in 2 contracts

Samples: Contribution Agreement (Thomas Properties Group Inc), Contribution Agreement (Thomas Properties Group Inc)

Gross Income Allocation. In the event that any Partner has an Adjusted a deficit Capital Account Deficit at the end of any Allocation YearPartnership fiscal year, each such Partner shall be specially allocated items of Partnership income and gain in the amount of such deficit as quickly as possible; , provided that an allocation pursuant to this Section 5.3(d5.05(d) shall be made only if and to the extent that such Partner would have an Adjusted Capital Account Deficit after all other allocations provided for in this Article V Section 5.05 have been tentatively made as if this Section 5.3(c5.05(c) and this Section 5.3(d5.05(d) were not in this Agreement.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Inergy Storage, Inc.), Inergy Storage, Inc.

Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Allocation Yearfiscal year, each such Partner shall be allocated items of Partnership gross income and gain in the amount of such deficit Adjusted Capital Account Deficit as quickly as possible; provided that provided, an allocation pursuant to this Section 5.3(d) 6.2.4 shall be made only if and to the extent that such Partner would have an Adjusted Capital Account Deficit after all other allocations provided for in this Article V Section 6.2 (other than Section 6.2.3) have been tentatively made as if Section 5.3(c) 6.2.3 and this Section 5.3(d) 6.2.4 were not in this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (Tc Pipelines Lp)

Gross Income Allocation. In the event that any Limited Partner has an Adjusted Capital Account Deficit at the end of any Allocation YearPartnership taxable year, each such Limited Partner shall be specially allocated items of Partnership income and gain in the amount of such deficit excess as quickly as possible; , provided that an allocation pursuant to this Section 5.3(d1.(e) shall be made only if and to the extent that such Limited Partner would have an Adjusted a deficit Capital Account Deficit in excess of such sum after all other allocations provided for in this Article V Exhibit C have been tentatively made as if Section 5.3(c1.(c) and this Section 5.3(d1.(e) were not in this the Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Nationwide Health Properties Inc)

Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Allocation Year, each such Partner shall be allocated items of Partnership income and gain in the amount of such deficit as quickly as possible; provided that an allocation pursuant to this Section 5.3(d4.3(d) shall be made only if and to the extent that such Partner would have an Adjusted Capital Account Deficit in excess of such sum after all other allocations provided for in this Article V IV have been tentatively made as if Section 5.3(c4.3(c) and this Section 5.3(d4.3(d) were not in this Agreement.

Appears in 1 contract

Samples: Agreement (Entergy Corp /De/)

Gross Income Allocation. In the event that any Limited Partner has an Adjusted Capital Account Deficit at the end of any Allocation YearPartnership taxable year, each such Limited Partner shall be specially allocated items of Partnership income and gain in the amount of such deficit excess as quickly as possible; , provided that an allocation pursuant to this Section 5.3(d1.(e) shall be made only if and to the extent that such Limited Partner would have an Adjusted a deficit Capital Account Deficit in excess of such sum after all other allocations provided for in this Article V Exhibit B have been tentatively made as if Section 5.3(c1.(c) and this Section 5.3(d1.(e) were not in this the Agreement.

Appears in 1 contract

Samples: Ventas, Inc.

Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Allocation Taxable Year, each such Partner shall be specially allocated items of Partnership income and gain in the amount of such deficit balance as quickly as possible; provided that provided, that, an allocation pursuant to this Section 5.3(d5.2(e) shall be made only if and to the extent that such Partner would have an Adjusted Capital Account Deficit balance after all other allocations provided for in this Article V have been tentatively made as if Section 5.3(c) and this Section 5.3(d) were not in this Agreementmade.

Appears in 1 contract

Samples: Limited Partnership Agreement (Natural Resource Partners Lp)

Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Allocation Year, each such Partner shall be specially allocated items of Partnership income and gain in the amount of such deficit as quickly as possible; provided that an allocation pursuant to this Section 5.3(d8.2(d) shall be made only if and to the extent that such Partner would have an Adjusted Capital Account Deficit after all other allocations provided for in this Article V ARTICLE VIII have been tentatively made as if Section 5.3(c8.2(c) and this Section 5.3(d8.2(d) were not in this the Agreement.

Appears in 1 contract

Samples: Emergent Capital, Inc.

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Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Allocation Fiscal Year, each such Partner shall be specially allocated items of Partnership income and gain in the amount of such deficit excess as quickly as possible; , provided that an allocation pursuant to this Section 5.3(d6.5(d) shall be made only if and only to the extent that such Partner would have an Adjusted Capital Account Deficit in excess of such sum after all other allocations provided for in this Article V Section 6 have been tentatively made as if this Section 5.3(c6.5(d) and this Section 5.3(d6.5(c) hereof were not in this the Agreement.

Appears in 1 contract

Samples: Prime Medical Services Inc /Tx/

Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Allocation YearPartnership fiscal year, each such Partner shall be specifically allocated items of Partnership income and gain in the amount of such deficit excess as quickly as possible; , provided that an allocation pursuant to this Section 5.3(d7.3(d) shall be made only if and to the extent that such Partner would have an Adjusted Capital Account Deficit after all other allocations provided for in this Article V Section 7 have been tentatively made as if Section 5.3(c) and this Section 5.3(d7.3(d) were not in this the Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (Glimcher Realty Trust)

Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Allocation YearPartnership fiscal year, each such Partner shall be specially allocated items of Partnership income and gain in the amount of such deficit excess as quickly as possible; , provided that an allocation pursuant to this Section 5.3(d) shall be made only if and to the extent that such Partner would have an Adjusted Capital Account Deficit after all other allocations provided for in this Article V Section 5.3 hereof have been tentatively made as if made, except assuming that Section 5.3(c) hereof and this Section 5.3(d) were not contained in this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (Parkway Properties Inc)

Gross Income Allocation. In the event that any Partner has an Adjusted a Deficit Capital Account Deficit at the end of any Allocation Yearfiscal year, each such Partner shall be specially allocated items of Partnership income and gain in the amount of such deficit Deficit Capital Account as quickly as possible; , provided that an allocation pursuant to this Section 5.3(d) 6.2.4 shall be made only if and to the extent that such Partner would have an Adjusted a Deficit Capital Account Deficit after all other allocations provided for in this Article V 6 (other than Section 6.2.3) have been tentatively made as if Section 5.3(c) and this Section 5.3(d) were not in this Agreementmade.

Appears in 1 contract

Samples: Agreement (Telesource International Inc)

Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Allocation Year, each such Partner shall be specially allocated items of the Partnership income and gain in the amount of such deficit excess as quickly as possible; , provided that an allocation pursuant to this Section 5.3(d4.01(c)(iv) shall be made only if and to the extent that such Partner would have an Adjusted adjusted Capital Account Deficit in excess of such sum after all other allocations provided for in this Article V subsection have been tentatively made as if Section 5.3(c4.01(c)(iii) hereof and this Section 5.3(d4.01(c)(iv) were not in this Agreement.. Table of Contents

Appears in 1 contract

Samples: MPT of West Anaheim, LLC

Gross Income Allocation. In the event that If any Partner has an Adjusted Capital Account Deficit at the end of any Allocation YearPartnership taxable year, each such Partner shall be specially allocated items of Partnership income and gain in the amount of such deficit excess as quickly as possible; , provided that an allocation pursuant to this Section 5.3(d5.2(d) shall be made only if and to the extent that such Partner would have an Adjusted Capital Account Deficit after all other allocations provided for in this Article V have been tentatively made as if Section 5.3(c5.2(c) and this Section 5.3(d5.2(d) were not in this the Agreement.

Appears in 1 contract

Samples: Sales and Marketing Contract (New Home Co Inc.)

Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Allocation YearPeriod, each such Partner shall will be allocated items of Partnership gross income and gain in the amount of such deficit excess as quickly as possible; provided provided, however, that an allocation pursuant to this Section 5.3(d9.2(d) shall will be made only if and to the extent that such Partner would have an Adjusted Capital Account Deficit after all other allocations provided for in this Article V 9 have been tentatively made as if Section 5.3(c9.2(c) and this Section 5.3(d9.2(d) were not in this Agreement.

Appears in 1 contract

Samples: Registration Rights Agreement (Rice Energy Inc.)

Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Allocation Fiscal Year, each such Partner shall be allocated items of Partnership income and gain in the amount of such the deficit as quickly promptly as possible; provided that an allocation pursuant to this Section 5.3(d7.3(d) shall will be made only if and to the extent that such the Partner would have an Adjusted Capital Account Deficit after all other allocations provided for in this Article V VII have been tentatively made as if Section 5.3(c7.3(c) and this Section 5.3(d7.3(d) were not in this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (PES Logistics Partners LP)

Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Allocation YearPartnership fiscal year, each such Partner shall be specially allocated items of Partnership income and gain in the amount of such deficit excess as quickly as possible; , provided that an allocation pursuant to this Section 5.3(d) shall be made only if and to the extent that such Partner would have an Adjusted Capital Account Deficit after all other allocations provided for in Section 5.3 of this Article V Agreement have been tentatively made as if made, except assuming that Section 5.3(c) and this Section 5.3(d) were not contained in this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (Parkway Properties Inc)

Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Allocation Fiscal Year, each such Partner shall will be specially allocated items of Partnership income and gain in the amount of such deficit excess as quickly as possible; provided , provided, that an allocation pursuant to this Section 5.3(d4.2(d) shall may be made only if and to the extent that such Partner would have an Adjusted a deficit Capital Account Deficit in excess of such sum after all other allocations provided for in this Article V IV have been tentatively made as if Section 5.3(c4.2(c) hereof and this Section 5.3(d4.2(d) were not in this the Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement

Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Allocation Year, each such Partner shall be specially allocated items of the Partnership income and gain in the amount of such deficit excess as quickly as possible; , provided that an allocation pursuant to this Section 5.3(d4.01(c)(iv) shall be made only if and to the extent that such Partner would have an Adjusted adjusted Capital Account Deficit in excess of such sum after all other allocations provided for in this Article V subsection have been tentatively made as if Section 5.3(c4.01 (c)(iii) hereof and this Section 5.3(d4.01(c)(iv) were not in this Agreement.

Appears in 1 contract

Samples: MPT of West Anaheim, LLC

Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Allocation Year, each such Partner shall be specially allocated items of the Partnership income and gain in the amount of such deficit excess as quickly as possible; , provided that an allocation pursuant to this Section 5.3(d4.01(c)(iv) shall be made only if and to the extent that such Partner would have an Adjusted adjusted Capital Account Deficit in excess of such sum after all other allocations provided for in this Article V this, subsection have been tentatively made as if Section 5.3(c4.01(c)(iii) hereof and this Section 5.3(d4.01(c)(iv) were not in this Agreement.

Appears in 1 contract

Samples: Agreement (MPT of West Anaheim, LLC)

Gross Income Allocation. In the event that event, any Partner has an Adjusted Capital Account Deficit at the end of any Allocation Year, each such Partner shall be specially allocated items of the Partnership income and gain in the amount of such deficit excess as quickly as possible; , provided that an allocation pursuant to this Section 5.3(d4.01(c)(iv) shall be made only if and to the extent that such Partner would have an Adjusted adjusted Capital Account Deficit in excess of such sum after all other allocations provided for in this Article V subsection have been tentatively made as if Section 5.3(c4.01(c)(iii) hereof and this Section 5.3(d4.01 (c)(iv) were not in this Agreement.

Appears in 1 contract

Samples: MPT of West Anaheim, LLC

Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Allocation Yearfiscal year, then each such Partner shall be specially allocated items of Partnership income and gain in the amount of such deficit excess as quickly as possible; , provided that an allocation pursuant to this Section 5.3(d7.2(d) shall be made only if and only to the extent that such Partner would have an Adjusted Capital Account Deficit in excess of such sum after all other allocations provided for in this Article V Section 7.2 have been tentatively made as if Section 5.3(c) and this Section 5.3(d7.2(d) were not in this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (Koger Equity Inc)

Gross Income Allocation. In the event that any If a Partner has an Adjusted Capital Account Deficit at the end of any Allocation Yeartaxable year, each such Partner shall be specially allocated items of Partnership income and gain in the amount of such deficit Adjusted Capital Account Deficit as quickly as possible; provided that an allocation pursuant to this Section 5.3(d) clause shall be made only if and to the extent that such the Partner would have an Adjusted Capital Account Deficit after all other allocations provided for in this Article V Section A.4 have been tentatively made as if Section 5.3(c) and this Section 5.3(dA.4.2(d) were not in this AgreementAppendix.

Appears in 1 contract

Samples: Limited Partnership Agreement (HappyNest REIT, Inc.)

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