Partnership Year definition

Partnership Year means the fiscal year of the Partnership, which shall be the calendar year.

Partnership Year means the fiscal year of the Partnership, as set forth in Section 9.2 hereof.

Partnership Year means the fiscal year of the Partnership and the Partnership’s taxable year for federal income tax purposes, each of which shall be the calendar year unless otherwise required under the Code.

Examples of Partnership Year in a sentence

• Any Partner Nonrecourse Deductions for any Partnership Year shall be specially allocated to the Holder(s) who bears the economic risk of loss with respect to the Partner Nonrecourse Debt to which such Partner Nonrecourse Deductions are attributable, in accordance with Regulations Section 1.704-2(i).

• Net Income and Net Loss of the Partnership shall be determined and allocated with respect to each Partnership Year as of the end of each such year, provided, that the General Partner may in its discretion allocate Net Income and Net Loss for a shorter period as of the end of such period (and, for purposes of this Article 6, references to the term “Partnership Year” may include such shorter periods).

• If there is a net decrease in Partnership Minimum Gain or Partner Minimum Gain during any Partnership Year, each Holder shall be specially allocated items of Partnership income and gain for such year (and, if necessary, subsequent years) in an amount equal to such Holder’s share of such net decrease during such year, as determined under Regulations Section 1.704-2(g) and 1.704-2(i)(5).

• Any Nonrecourse Deductions for any Partnership Year shall be specially allocated to the Holders in accordance with their respective Percentage Interests.

More Definitions of Partnership Year

Partnership Year has the meaning set forth in Section 9.2 hereof.

Partnership Year shall have the meaning ascribed to such term in Section 1.6.

Partnership Year means the calendar year.

Partnership Year means the fiscal year of the Partnership, which shall end on the Friday nearest December 31.

Partnership Year means the Partnership’s taxable year or any shorter period for which Partnership profits and losses are allocated.

Partnership Year means the taxable year of the Partnership, which shall be the fiscal year ending December 31, until such time as the Code requires a change of the taxable year.

Partnership Year means a period of one year with the first Partnership Year commencing as of the date the Investor Partners are first admitted to the Partnership and ending immediately prior to the anniversary of such date and with each succeeding Partnership Year commencing as of the anniversary of such date and ending immediately prior to the next succeeding anniversary date.