Nonrecourse Deductions; Minimum Gain Chargeback. In the event there is a net decrease in Partnership Minimum Gain during any fiscal year, the “minimum gain chargeback” described in Regulations Section 1.704-2(f) and Regulations Section 1.704-2(g) shall apply. In the event there is a net decrease in Partner Nonrecourse Debt Minimum Gain during any fiscal year, the “partner minimum gain chargeback” described in Regulations Section 1.704-2(i)(4) shall apply.
Appears in 6 contracts
Samples: Limited Partnership Agreement (Green Realty Trust, Inc.), Limited Partnership Agreement (Moody National REIT I, Inc.), Limited Partnership Agreement (TNP Strategic Retail Trust, Inc.)
Nonrecourse Deductions; Minimum Gain Chargeback. In the event there is a net decrease in Partnership Minimum Gain during any fiscal year, the “minimum gain chargeback” described in Regulations Section 1.704-2(f) and Regulations Section 1.704-2(g) shall apply. In the event there is a net decrease in Partner Nonrecourse Debt Minimum Gain during any fiscal year, the “partner minimum gain chargeback” described in Regulations Section 1.704-2(i)(4) shall apply. 16 Source: TNP STRATEGIC RETAIL TRUST, INC., EX-10.3, 5/11/2009 | Powered by Intelligize
Appears in 1 contract
Samples: Limited Partnership Agreement (Strategic Realty Trust, Inc.)
