Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 150 contracts
Sources: Limited Partnership Agreement (Energy Transfer LP), Limited Partnership Agreement (Energy Transfer LP), Limited Partnership Agreement (Global Partners Lp)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage InterestsPro Rata. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 130 contracts
Sources: Limited Partnership Agreement (Western Midstream Operating, LP), Limited Partnership Agreement (XPLR Infrastructure, LP), Limited Partnership Agreement (Delek Logistics Partners, LP)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage InterestsPro Rata. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, authorized to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 53 contracts
Sources: Limited Partnership Agreement (Sunoco LP), Limited Partnership Agreement (USD Partners LP), Contribution, Conveyance and Assumption Agreement (USD Partners LP)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 53 contracts
Sources: Agreement and Plan of Redemption and Merger (Markwest Hydrocarbon Inc), Agreement and Plan of Redemption and Merger (Markwest Energy Partners L P), Limited Partnership Agreement (Plains All American Pipeline Lp)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 47 contracts
Sources: Limited Partnership Agreement (Enterprise Products Partners L.P.), Agreement of Limited Partnership, Agreement of Limited Partnership (Tc Pipelines Lp)
Nonrecourse Deductions. Nonrecourse Deductions for any Partnership taxable period year shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that does for such Partnership taxable year which would satisfy such requirements.
Appears in 42 contracts
Sources: Limited Partnership Agreement (Nexpoint Diversified Real Estate Trust), Limited Partnership Agreement (Vinebrook Homes Trust, Inc.), Limited Partnership Agreement (Vinebrook Homes Trust, Inc.)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage InterestsPartners, Pro Rata. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 22 contracts
Sources: Limited Partnership Agreement (CVR Energy Inc), Limited Partnership Agreement (CVR Partners, Lp), Limited Partnership Agreement
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage InterestsPro Rata. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy satisfies such requirements.
Appears in 21 contracts
Sources: Exchange Agreement (CNX Resources Corp), Agreement of Limited Partnership (CNX Midstream Partners LP), Limited Partnership Agreement (Phillips 66 Partners Lp)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 16 contracts
Sources: Limited Partnership Agreement (Enterprise Products Partners L P), Limited Partnership Agreement (Enterprise Products Partners L P), Limited Partnership Agreement (Enterprise Products Partners L P)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines that the Partnership’s 's Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 12 contracts
Sources: Limited Partnership Agreement (Cheniere Energy Partners, L.P.), Unit Purchase Agreement (Cheniere Energy Partners, L.P.), Limited Partnership Agreement (TransMontaigne Partners L.P.)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.
Appears in 9 contracts
Sources: Agreement of Limited Partnership (Enbridge Energy Partners Lp), Limited Partnership Agreement, Limited Partnership Agreement
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other PartnersLimited Partner, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 8 contracts
Sources: Agreement of Limited Partnership (Enterprise Products Partners L P), Limited Partnership Agreement (Ferrellgas Finance Corp), Agreement of Limited Partnership (Star Gas Partners Lp)
Nonrecourse Deductions. Nonrecourse Deductions for any Partnership taxable period year shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Code Section 704(b) of the Code), the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that does for such Partnership taxable year which would satisfy such requirements.
Appears in 8 contracts
Sources: Limited Partnership Agreement (Angel Oak Mortgage, Inc.), Agreement of Limited Partnership (NetSTREIT Corp.), Agreement of Limited Partnership (NetSTREIT Corp.)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 6 contracts
Sources: Limited Partnership Agreement (Ferrellgas Partners Finance Corp), Limited Partnership Agreement (Ferrellgas Partners Finance Corp), Limited Partnership Agreement (Ferrellgas L P)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the Managing General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Managing General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 6 contracts
Sources: Limited Partnership Agreement (Crestwood Equity Partners LP), Limited Partnership Agreement, Limited Partnership Agreement (Alliance Resource Partners Lp)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the Managing General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Managing General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 6 contracts
Sources: Agreement of Limited Partnership (Alliance Resource Partners Lp), Limited Partnership Agreement (Cornerstone Propane Partners Lp), Limited Partnership Agreement (Cornerstone Propane Partners Lp)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable ---------------------- period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.
Appears in 5 contracts
Sources: Limited Partnership Agreement (Cabot Industrial Properties Lp), Limited Partnership Agreement (Cabot Industrial Trust), Contribution Agreement (Cabot Industrial Trust)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 5 contracts
Sources: Limited Partnership Agreement (Ferrellgas L P), Limited Partnership Agreement (Ferrellgas Partners Finance Corp), Limited Partnership Agreement
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other PartnersLimited Partner, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 5 contracts
Sources: Limited Partnership Agreement (Ferrellgas Partners Finance Corp), Agreement of Limited Partnership (Enterprise Products Partners L P), Limited Partnership Agreement (Ferrellgas Finance Corp)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.
Appears in 5 contracts
Sources: Agreement of Limited Partnership (Enbridge Energy Management L L C), Limited Partnership Agreement (Lakehead Pipe Line Partners L P), Limited Partnership Agreement (Enbridge Energy Partners Lp)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the Managing General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Managing General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 4 contracts
Sources: Partnership Agreement (Atlas Growth Partners, L.P.), Limited Partnership Agreement (CVR Energy Inc), Agreement of Limited Partnership (CVR Energy Inc)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the Managing General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 4 contracts
Sources: Agreement of Limited Partnership (Inergy L P), Agreement and Plan of Merger (Inergy Holdings, L.P.), Merger Agreement (Inergy L P)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy satisfies such requirements.
Appears in 4 contracts
Sources: Limited Partnership Agreement (Star Group Lp), Limited Partnership Agreement (Star Gas Partners Lp), Limited Partnership Agreement (Star Gas Partners Lp)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.
Appears in 4 contracts
Sources: Agreement of Limited Partnership (Prologis), Limited Partnership Agreement (Carramerica Realty Corp), Limited Partnership Agreement (Baron Capital Trust)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Partnership Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.
Appears in 3 contracts
Sources: Limited Partnership Agreement (Crescent Real Estate Equities Co), Limited Partnership Agreement (Crescent Real Estate Equities Co), Limited Partnership Agreement (Copi Colorado Lp)
Nonrecourse Deductions. Nonrecourse Deductions for any Partnership taxable period year shall be allocated to the Partners in accordance with their respective Percentage InterestsGeneral Partner. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that does for such Partnership taxable year which satisfy such requirements.
Appears in 3 contracts
Sources: Master Contribution Agreement (Pacific Gulf Properties Inc), Limited Partnership Agreement (Pacific Gulf Properties Inc), Limited Partnership Agreement (Pacific Gulf Properties Inc)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period year shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner Partnership determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section section 704(b) of the Code, the General Partner Partnership is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such the requirements.
Appears in 3 contracts
Sources: General Partnership Agreement, General Partnership Agreement (DCP Midstream Partners, LP), General Partnership Agreement (DCP Midstream Partners, LP)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 3 contracts
Sources: Limited Partnership Agreement (Kinder Morgan Energy Partners L P), Limited Partnership Agreement (Kinder Morgan Management LLC), Limited Partnership Agreement (Kinder Morgan Energy Partners L P)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable ---------------------- period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 3 contracts
Sources: Limited Partnership Agreement (Sunoco Logistics Partners Lp), Agreement of Limited Partnership (Sunoco Logistics Partners Lp), Limited Partnership Agreement (Plains All American Pipeline Lp)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines that the Partnership’s 's Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 3 contracts
Sources: Limited Partnership Agreement (Enterprise Products Partners L P), Limited Partnership Agreement (Enterprise Products Partners L P), Limited Partnership Agreement (Enterprise Products Partners L P)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 3 contracts
Sources: Limited Partnership Agreement (Energy Transfer Operating, L.P.), Limited Partnership Agreement (Energy Transfer Partners, L.P.), Limited Partnership Agreement
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Partnership Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Crescent Real Estate Equities Co), Limited Partnership Agreement (Crescent Real Estate Equities Co)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage InterestsInterests (calculated without regard to any Outstanding Series B Subordinated Units). If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Paa Natural Gas Storage Lp), Limited Partnership Agreement (Paa Natural Gas Storage Lp)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Plum Creek Timber Co L P), Limited Partnership Agreement (Plum Creek Timber Co L P)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner ▇▇▇▇▇▇ determines in good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Code Section 704(b) of the Code, ). the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Exterran Energy Solutions, L.P.), Limited Partnership Agreement (Exterran Energy Solutions, L.P.)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period Taxable Year shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.
Appears in 2 contracts
Sources: Limited Partnership Agreement, Limited Partnership Agreement
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other PartnersUnitholders, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 2 contracts
Sources: Limited Partnership Agreement, Limited Partnership Agreement (ONEOK Partners LP)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage InterestsSharing Ratios. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Energy Transfer Equity, L.P.), Agreement of Limited Partnership (Energy Transfer Partners, L.P.)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.requirements.
Appears in 2 contracts
Sources: Limited Partnership Agreement, Limited Partnership Agreement
Nonrecourse Deductions. Nonrecourse Deductions for any ----------------------- taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 1 contract
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.
Appears in 1 contract
Sources: Limited Partnership Agreement (Carramerica Realty Corp)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.requirements.
Appears in 1 contract
Sources: Limited Partnership Agreement
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury IRS Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.
(vi) Partner Nonrecourse Deductions. Partner Nonrecourse Deductions for any taxable period shall be allocated 100% to the Partner that bears the 8
Appears in 1 contract
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, authorized to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 1 contract
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.requirements.
Appears in 1 contract
Sources: Limited Partnership Agreement
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the Operating General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Operating General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 1 contract
Sources: Agreement of Limited Partnership (Genesis Energy Lp)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other PartnersLimited Partners in accordance with Section 4.4(e) hereof, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.
Appears in 1 contract
Sources: Limited Partnership Agreement (Security Capital Atlantic Inc)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period year shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 1 contract
Sources: Agreement of Limited Partnership (Alliance Resource Partners Lp)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated in proportion to the Partners in accordance with their respective Percentage InterestsInterests of the Partners. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.
Appears in 1 contract
Nonrecourse Deductions. Nonrecourse Deductions for any ---------------------- taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 1 contract
Sources: Limited Partnership Agreement (Plains All American Pipeline Lp)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section Code section 704(b) of the Code), the General Partner is authorized, upon notice to the other PartnersLimited Partners in accordance with Section 4.4.5 hereof, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.
Appears in 1 contract
Sources: Limited Partnership Agreement (United Dominion Realty Trust Inc)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner Trustee determines that the Partnership’s 's Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner Trustee is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 1 contract
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Code Section 704(b) of the Code), the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 1 contract
Sources: Limited Partnership Agreement (Hanover Compression Lp)
Nonrecourse Deductions. Nonrecourse Deductions for any the taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in good faith that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorizedmay, upon notice to the other Partners, to revise the prescribed ratio in order to the numerically closest ratio that does satisfy such safe harbor requirements.. The allocations in this portion of Section 6.1(d) are
Appears in 1 contract
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Partnership Interests. If the Managing General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Managing General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.
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Nonrecourse Deductions. Nonrecourse Deductions for any taxable ---------------------- period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Code Section 704(b) of the Code), the General Partner is authorized, upon -------------- notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
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Sources: Limited Partnership Agreement (Hanover Compressor Co /)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.. SHAMROCK LOGISTICS OPERATIONS, L.P.
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Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Partnership Interests. If the General Partner determines determines, in its good faith discretion, that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.
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Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations Regulation promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
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Sources: Partnership Agreement (Atlas Growth Partners, L.P.)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated in proportion to the Partners in accordance with their respective Percentage InterestsInterests of the Partners. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other PartnersLimited Partner, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.
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Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other PartnersUnitholders, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
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Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Code Section 704(b) of the Code), the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
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Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the Managing General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
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Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.
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Sources: Agreement of Limited Partnership (Plum Creek Timber Co Inc)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period ---------------------- shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Code Section 704(b) of the Code), the General Partner is authorized, upon -------------- notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 1 contract
Sources: Limited Partnership Agreement (Hanover Compressor Co /)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Partnership Interests. If the General Partner determines determines, in its good faith discretion, that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.
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Nonrecourse Deductions. Nonrecourse Deductions for any the taxable period shall be allocated to the Partners in accordance with their respective Percentage Interestsproportion to the number of OLP Common Units held. If the General Partner determines in good faith that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorizedmay, upon notice to the other Partners, to revise the prescribed ratio in order to the numerically closest ratio that does satisfy such safe harbor requirements.
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Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the U.S. Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, authorized to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
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Sources: Arrangement Agreement and Plan of Merger (Burger King Worldwide, Inc.)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable ----------------------- period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 1 contract
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the Managing General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Managing General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 1 contract
Sources: Limited Partnership Agreement (Ap Eagle Finance Corp)