Common use of Priority Allocation With Respect To Preferred Partnership Units Clause in Contracts

Priority Allocation With Respect To Preferred Partnership Units. All or a portion of the remaining items of Partnership gross income or gain for the Partnership Year, if any, shall be specially allocated to the Post Partners in an amount equal to the excess, if any, of the cumulative distributions received by each Post Partner pursuant to Section 5.1(i) hereof for the current Partnership Year and all prior Partnership Years (other than any distributions that are treated as being in satisfaction of the Liquidation Preference Amount for any Preferred Partnership Units) over the cumulative allocations of Partnership gross income and gain to such Post Partner under this Section 1.F for all prior Partnership Years (such allocations being made in proportion to the respective excess amounts for each Post Partner).

Appears in 2 contracts

Samples: Post Apartment Homes Lp, Post Apartment Homes Lp

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Priority Allocation With Respect To Preferred Partnership Units. All or a portion of the remaining items of Partnership gross income or gain for the Partnership Year, if any, shall be specially allocated to the Post Partners General Partner in an amount equal to the excess, if any, of the cumulative distributions received by each Post the General Partner pursuant to Section 5.1(i) hereof for the current Partnership Year and all prior Partnership Years (other than any distributions that are treated as being in satisfaction of the Liquidation Preference Amount for any Preferred Partnership Units) over the cumulative allocations of Partnership gross income and gain to such Post the General Partner under this Section 1.F 1.G for all prior Partnership Years (such allocations being made in proportion to the respective excess amounts for each Post Partner)Years."

Appears in 2 contracts

Samples: Highwoods Properties Inc, Highwoods Forsyth L P

Priority Allocation With Respect To Preferred Partnership Units. All or a portion of the remaining items of Partnership gross income or gain for the Partnership Year, if any, shall be specially allocated to the Post Partners General Partner in an amount equal to the excess, if any, of the cumulative distributions received by each Post the General Partner pursuant to Section 5.1(i) hereof for the current Partnership Year and all prior Partnership Years (other than any distributions that are treated as being in satisfaction of the Liquidation Preference Amount for any Preferred Partnership Units) over the cumulative allocations of Partnership gross income and gain to such Post the General Partner under this Section 1.F for all prior Partnership Years (such allocations being made in proportion to the respective excess amounts for each Post Partner)Years.

Appears in 1 contract

Samples: Post Apartment Homes Lp

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Priority Allocation With Respect To Preferred Partnership Units. All or a portion of the remaining items of Partnership gross income or gain for the Partnership Year, if any, shall be specially allocated to the Post Partners General Partner in an amount equal to the excess, if any, of the cumulative distributions received by each Post the General Partner pursuant to Section 5.1(i) hereof for the current Partnership Year and all prior Partnership Years (other than any distributions that are treated as being in satisfaction of the Liquidation Preference Amount for any Preferred Partnership Units) over the cumulative allocations of Partnership gross income and gain to such Post the General Partner under this Section 1.F 1.G for all prior Partnership Years (such allocations being made in proportion to the respective excess amounts for each Post Partner)Years.

Appears in 1 contract

Samples: Highwoods Properties Inc

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