Common use of Notification Requirement Clause in Contracts

Notification Requirement. During the Tax Protection Period, the Partnership shall provide prior written notice to a Protected Partner if the Partnership intends to repay, retire, refinance or otherwise reduce (other than due to scheduled amortization) the amount of liabilities with respect to the Contributed Property in a manner that would cause an Indirect Owner to recognize gain for federal income tax purposes as a result of a decrease in the Protected Partner’s share of Partnership liabilities below the Minimum Liability Amount (determined as of the Closing Date)

Notification Requirement. During the Tax Protection Period, the Partnership shall provide prior written notice to a Protected Partner if the Partnership intends to repay, retire, refinance or otherwise reduce (other than due to scheduled amortization) the amount of liabilities with respect to the Contributed a Gain Limitation Property in a manner that would cause an Indirect Owner a Protected Partner to recognize gain for federal income tax purposes as a result of a decrease in of the Protected Partner’s share of Partnership liabilities below the Minimum Liability Amount (determined as of the Closing Date).

Notification Requirement. During the Tax Protection Period, the Partnership shall provide prior written notice to a Protected Partner if the Partnership intends to repay, retire, refinance or otherwise reduce (other than due to scheduled amortization) the amount of liabilities with respect to the Contributed a Gain Limitation Property in a manner that would cause an Indirect Owner a Protected Partner to recognize gain or loss for federal income tax purposes as a result of a decrease in the Protected Partner’s share of Partnership liabilities below the Minimum Liability Amount (determined as of the Closing Date)purposes.

Notification Requirement. During the Tax Protection Period, the Partnership shall provide prior written notice to a Protected Partner if the Partnership intends to repay, retire, refinance or otherwise reduce (other than due to scheduled amortization) the amount of liabilities with respect to the Contributed a Gain Limitation Property in a manner that would cause an Indirect Owner a Protected Partner to recognize gain for federal income tax purposes as a result of a decrease in of the Protected Partner’s share of Partnership liabilities below the Minimum Liability Amount (determined as of the Closing Date)

Notification Requirement. During the Tax Protection Period, the Partnership shall provide prior written notice to a Protected Partner if the Partnership intends to repay, retire, refinance or otherwise reduce (other than due to scheduled amortization) the amount of liabilities with respect to the Contributed a Gain Limitation Property in a manner that would cause an Indirect Owner a Protected Partner to recognize gain or loss for federal income tax purposes as a result of a decrease in the Protected Partner’s share of Partnership liabilities below up to the Minimum Liability Amount (determined as of the Closing Date).

Notification Requirement. During the Tax Protection Period, the Partnership shall provide prior written notice to a Protected Partner if the Partnership intends to repay, retire, refinance or otherwise reduce (other than due to scheduled amortization) the amount of liabilities with respect to the Contributed a Gain Limitation Property in a manner that would may cause an Indirect Owner a Protected Partner to recognize gain for federal income tax purposes as a result of a decrease in of the Protected Partner’s share of Partnership liabilities below the Minimum Liability Amount (determined as of the Closing Date)Amount.