Section 706. If additional Partners are admitted to the Partnership on different dates during any Fiscal Year (in accordance with the provisions of this Agreement), the Net Income (or Net Loss) shall be allocated to the Partners with respect to the interests each held from time to time during such Fiscal Year in accordance with Code Section 706, using any convention permitted by law as determined by the General Partner in its discretion.
Appears in 5 contracts
Samples: And Restated Agreement (Host Hotels & Resorts, Inc.), And Restated Agreement (Host Hotels & Resorts L.P.), Host Hotels & Resorts, Inc.
Section 706. If additional Partners are admitted to the Partnership and are granted an interest in a Fund on different dates during any Fiscal Year (in accordance with the provisions of this Agreement), the Net Income (or Net Loss) with respect to such Fund shall be allocated to the Partners having interests in such Fund with respect to the interests each held from time to time during such Fiscal Year in accordance with Code Section 706, using any convention permitted by law as determined by the General Partner in its discretion.
Appears in 2 contracts
Samples: Fourth Amended And (Host Hotels & Resorts, Inc.), Host Hotels & Resorts, Inc.
Section 706. If additional Partners are admitted to the Partnership and are granted an interest in a Fund on different dates during any Fiscal Year (in accordance with the provisions of this Agreement), the Net Income (or Net Loss) with respect to such Fund shall be allocated to the Partners having interests in such Fund with respect to the interests each held from time to time during such Fiscal Year in accordance with Code Section section 706, using any convention permitted by law as determined by the General Partner in its discretion.
Appears in 1 contract
Samples: Host Hotels & Resorts L.P.
