Preferred Limited Partners definition

Preferred Limited Partners means X.X. XXXX CO., INC. AS NOMINEE 1996-1 and DESARROLLOS INMOBILIARIOS CUGA, SAPI DE CV.

Preferred Limited Partners means J.F. SHEA CO., INC. AS NOMINEE 1996-1 and DESARROLLOS INMOBILIARIOS CUGA, SAPI DE CV.

Preferred Limited Partners means a Limited Partner that owns any Preferred Units as same may be outstanding from time to time. At such time as any class of Preferred Units are issued, an Amendment to the Partnership Agreement shall be prepared setting forth the name of the Preferred Limited Partners and the number of such class of Preferred Units then outstanding.

Examples of Preferred Limited Partners in a sentence

• The Partnership shall have (a) a General Partner and (b) one or more Limited Partners (including, for the avoidance of doubt, the Exchangeable Preferred Limited Partners and the Special Voting Limited Partner).

• To this end, no item of income, gain, loss or deduction recognized by the Partnership shall be allocated to the Exchangeable Preferred Limited Partners or the Exchangeable Preferred Limited Partnership Interests.

• As used in this Agreement, the General Partner and the Limited Partners (including the Exchangeable Preferred Limited Partners and the Special Voting Limited Partner) shall be deemed to be separate Partners even if any Partner holds more than one class of Interest.

• For the avoidance of doubt and notwithstanding anything to the contrary herein (including Section 5.03 ), no items of income, gain, loss, deduction or credit shall be allocated to the Exchangeable Preferred Limited Partners for U.S. federal (and applicable state and local) income tax purposes, including for purposes of maintaining Capital Accounts of the partners for purposes of the Code and the Treasury Regulations promulgated thereunder.

• The Partnership’s objective is to provide the Equity Limited Partners with capital appreciation and Preferred Limited Partners with income returns.

• All investors then became Preferred Limited Partners in the property investments, and were guaranteed interest payments of approximately 7 percent per year.

• For the avoidance of doubt, no items of income, gain, loss, deduction or credit shall be allocated to the Exchangeable Preferred Limited Partners for U.S. federal (and applicable state and local) income tax purposes, including for purposes of maintaining Capital Accounts of the partners for purposes of the Code and the Treasury Regulations promulgated thereunder.

• Solely for purposes of allocating Net Income or Net Loss in any Fiscal Year to the Holders of the Series D Preferred Units, the Series E Preferred Units, the Series F Preferred Units, the Series H Preferred Units and the Series I Preferred Units pursuant to Sections 6.2.B.1(c) and (e), and Section 6.2.B.2(b), items of Net Income and Net Loss, as the case may be, shall not include Depreciation with respect to properties that are "ceiling limited" in respect of Preferred Limited Partners.

• The Exchangeable Preferred Limited Partners shall not be partners of the Partnership for tax purposes, including for all purposes under the Code, and the issuance of the Exchangeable Preferred Limited Partnership Interests are part of a series of transactions that shall be treated as variable forward agreements for tax purposes, including for all purposes under the Code.

• FXView does not consider the above list exhaustive and the order in which the above factors are presented does not indicate their priority levels.

More Definitions of Preferred Limited Partners

Preferred Limited Partners means the persons listed on Exhibit "B".

Preferred Limited Partners means those Limited Partners who hold Preferred Units;