Loss. After giving effect to the special allocations in Sections 5.1(c), 5.1(d) and 5.1(e), Loss of the Partnership for each Partnership Year or other applicable period of the Partnership shall be allocated to the Partners in the following order and priority: (i) Loss shall be allocated to the Partners (other than the Special Limited Partner) in accordance with their Percentage Interests, provided that Loss shall not be allocated to a Partner pursuant to this Section 5.1(b)(i) to the extent that such allocation would cause or increase an Adjusted Capital Account Deficit at the end of any fiscal year. (ii) Loss shall be allocated to the General Partner.
Appears in 15 contracts
Sources: Limited Partnership Agreement (Hartman vREIT XXI, Inc.), Limited Partnership Agreement (Resource Innovation Office REIT, Inc.), Limited Partnership Agreement (NorthStar/RXR New York Metro Income, Inc.)
Loss. After giving effect to the special allocations in Sections 5.1(c), 5.1(d), 5.1(e) and 5.1(e5.1(h), Loss of the Partnership for each Partnership Year or other applicable period of the Partnership shall be allocated to the Partners in the following order and priority:
(i) Loss shall be allocated to the Partners (other than the Special Limited Partner) in accordance with their Percentage Interests, provided that Loss shall not be allocated to a Partner pursuant to this Section 5.1(b)(i) to the extent that such allocation would cause or increase an Adjusted Capital Account Deficit at the end of any fiscal year.
(ii) Loss shall be allocated to the General Partner.
Appears in 10 contracts
Sources: Limited Partnership Agreement (Rodin Income Trust, Inc.), Limited Partnership Agreement (Rodin Income Trust, Inc.), Limited Partnership Agreement (Rodin Income Trust, Inc.)
Loss. After giving effect to the special allocations in Sections 5.1(c), 5.1(d) and 5.1(e5.1(d), Loss of the Partnership for each Partnership Year or other applicable period of the Partnership shall be allocated to the Partners in the following order and priority:
(i) Loss shall be allocated to the Partners (other than the Special Limited Partner) in accordance with their Percentage Interests, provided that Loss shall not be allocated to a Partner pursuant to this Section 5.1(b)(i) to the extent that such allocation would cause or increase an Adjusted Capital Account Deficit at the end of any fiscal year.
(ii) Loss shall be allocated to the General Partner.
Appears in 3 contracts
Sources: Limited Partnership Agreement (NorthStar Real Estate Income Trust, Inc.), Limited Partnership Agreement (NorthStar Real Estate Income Trust, Inc.), Limited Partnership Agreement (NorthStar Real Estate Income Trust, Inc.)
Loss. After giving effect to the special allocations in Sections 5.1(c), 5.1(d) and 5.1(e), Loss loss of the Partnership for each Partnership Year or other applicable period of the Partnership shall be allocated to the Partners in the following order and priority:
(i) Loss shall be allocated to the Partners (other than the Special Limited Partner) in accordance with their Percentage Interests, provided that Loss loss shall not be allocated to a Partner pursuant to this Section 5.1(b)(i) to the extent that such allocation would cause or increase an Adjusted Capital Account Deficit at the end of any fiscal year.
(ii) Loss shall be allocated to the General Partner.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Moody National REIT II, Inc.), Limited Partnership Agreement (Moody National REIT II, Inc.)
Loss. After giving effect to the special allocations in Sections 5.1(c), 5.1(d), 5.1(e) and 5.1(e5.1(h), Loss of the Partnership for each Partnership Year or other applicable period of the Partnership shall be allocated to the Partners in the following order and priority:
(i) Loss shall be allocated first to the Partners (other than the Special Limited Partner) in accordance with their Percentage Interests, provided that Loss shall not be allocated to a Partner pursuant to this Section 5.1(b)(i) to the extent that such allocation would cause or increase an Adjusted Capital Account Deficit at the end of any fiscal year.; and, thereafter
(ii) Loss shall be allocated to the General Partner.
Appears in 1 contract
Sources: Limited Partnership Agreement (Cantor Fitzgerald Income Trust, Inc.)
Loss. After giving effect to the special allocations in Sections 5.1(c), 5.1(d), 5.1(e) and 5.1(e5.1(h), Loss of the Partnership for each Partnership Year or other applicable period of the Partnership shall be allocated to the Partners in the following order and priority:
(i) Loss shall be allocated first to the Partners (other than the Special Limited Partner) in accordance with their Percentage Interests, provided that Loss shall not be allocated to a Partner pursuant to this Section 5.1(b)(i) to the extent that such allocation would cause or increase an Adjusted Capital Account Deficit at the end of any fiscal year.; and, therefater
(ii) Loss shall be allocated to the General Partner.
Appears in 1 contract
Sources: Limited Partnership Agreement (Cantor Fitzgerald Income Trust, Inc.)