Common use of Compliance with Timing Requirements of Regulations Clause in Contracts

Compliance with Timing Requirements of Regulations. In the event the Partnership is "liquidated" within the meaning of Treas. Reg. (S) 1.704-1(b)(2)(ii)(g), (i) distributions shall be made pursuant to the Article XII to the Partners who have positive Capital Accounts in compliance with Treas. Reg. (S) 1.704-(b)(2)(ii)(b)(2), and (ii) if any General Partner's Capital Account has a deficit balance (after giving effect to all contributions, distributions and allocations for all fiscal years, including the fiscal year during which liquidation occurs), such General Partner shall contribute to the capital of the Partnership the amount necessary to restore such deficit balance to zero incompliance with Treas. Reg. (S) 1.704-1(b)(2)(ii)(b)(3). If any Limited Partner has a deficit balance in its Capital Account (after giving effect to all contributions, distributions, and allocations for all fiscal years, including the fiscal year during which such liquidation occurs), such Limited Partner shall have no obligation to make any contribution to the capital of the Partnership with respect to such deficit, and such deficit shall not be considered a debt owed to the Partnership or to any other Person for any purpose whatsoever.

Compliance with Timing Requirements of Regulations. Deficit Capital Account Balance. In the event the Partnership is "liquidated" within the meaning of Treas. Reg. (S) Regulation Section 1.704-1(b)(2)(ii)(g), (ia) distributions shall be made pursuant to the this Article XII X to the General Partner and Limited Partners who have positive Capital Accounts in compliance with Treas. Reg. (S) 1.704-(b)(2)(ii)(b)(2Regulations Section 1.704-1(b)(2)(ii)(b)(2), and (iib) if any General Partner's Capital Account has a deficit balance (after giving effect to all contributions, distributions distributions, and allocations for all fiscal taxable years, including the fiscal year during which such liquidation occurs), such General Partner shall contribute to the capital of the Partnership the amount necessary to restore such deficit balance to zero incompliance in compliance with Treas. Reg. (S) Regulations Section 1.704-1(b)(2)(ii)(b)(3). If any Limited Partner has a deficit balance in its his Capital Account (after giving effect to all contributions, distributions, distributions and allocations for all fiscal taxable years, including the fiscal year during which such liquidation occurs), such Limited Partner shall have no obligation to make any contribution to the capital of the Partnership with respect to such deficit, and such deficit shall not be considered a debt owed to the Partnership or to any other Person for any purpose whatsoever.. In the discretion of the General Partner, a pro rata portion of the distributions that would otherwise be made to the General Partner and Limited Partners pursuant to this Article X may be:

Compliance with Timing Requirements of Regulations. (a) In the event the Partnership is "“liquidated" ” within the meaning of Treas. Reg. (S) Section 1.704-1(b)(2)(ii)(g), ) of the Regulations: (i) distributions shall be made pursuant to the this Article XII XIII to the General Partner and Limited Partners who have positive Capital Accounts in compliance with Treas. Reg. (SSection 1.704-1(b)(2)(ii)(b)(2) 1.704-(b)(2)(ii)(b)(2), of the Regulations; and (ii) if any General Partner's ’s Capital Account has a deficit balance (after giving effect to all contributions, distributions distributions, and allocations for all fiscal taxable years, including the fiscal year during which such liquidation occurs), such General Partner shall contribute to the capital of the Partnership the amount necessary to restore such deficit balance to zero incompliance in compliance with Treas. Reg. (S) Section 1.704-1(b)(2)(ii)(b)(3)) of the Regulations. If any Limited Partner has a deficit balance in its Capital Account (after giving effect to all contributions, distributions, distributions and allocations for all fiscal taxable years, including the fiscal year during which such liquidation occurs), such Limited Partner shall have no obligation to make any contribution to the capital of the Partnership with respect to such deficit, and such deficit shall not be considered a debt owed to the Partnership or to any other Person for any purpose whatsoever.

Compliance with Timing Requirements of Regulations. In the event If the Partnership is "liquidated" within the meaning of Treas. Reg. (S) Regulations Sections 1.704-1(b)(2)(ii)(g), ): (ia) distributions shall be made pursuant to the this Article XII Fourteen to the General Partner and Limited Partners who have positive Capital Accounts in compliance with Treas. Reg. (S) 1.704-(b)(2)(ii)(b)(2Regulations Section 1.704-1(b)(2)(ii)(b)(2), ; and (iib) if any a General Partner's Capital Account has a deficit balance (after giving effect to all contributions, distributions and allocations for all fiscal taxable years, including the fiscal year during which such liquidation occurs), such General Partner shall contribute to the capital of the Partnership the amount necessary to restore such deficit balance to zero incompliance in compliance with Treas. Reg. (S) Regulations Section 1.704-1(b)(2)(ii)(b)(3). If any the Limited Partner has a deficit balance in its Capital Account (after giving effect to all contributions, distributions, distributions and allocations for all fiscal taxable years, including the fiscal year during which such liquidation occurs), such Limited Partner shall have no obligation to make any contribution to the capital of the Partnership with respect to such deficit, and such deficit shall not be considered a debt owed to the Partnership or to any other Person person for any purpose whatsoever.. In the discretion of the General Partner, a pro rata portion of the distributions that would otherwise be made to the General Partner and Limited Partner pursuant to this Article Fourteen may be:

Compliance with Timing Requirements of Regulations. In the event the Partnership is "“liquidated" ” within the meaning of Treas. Reg. (S) Section 1.704-1(b)(2)(ii)(g)) of the Regulations, (ia) distributions shall be made pursuant to the this Article XII XI to the General Partner and Limited Partners who have positive Capital Accounts in compliance with Treas. Reg. (SSection 1.704-(b)(2)(ii)(b)(2) 1.704-(b)(2)(ii)(b)(2)of the Regulations, and (iib) if any the General Partner's ’s Capital Account has a deficit balance (after giving effect to all contributions, distributions distributions, and allocations for all fiscal taxable years, including the fiscal year during which such liquidation occurs), such General Partner shall contribute to the capital of the Partnership the amount necessary to restore such deficit balance to zero incompliance in compliance with Treas. Reg. (S) Section 1.704-1(b)(2)(ii)(b)(3)) of the Regulations. If any Limited Partner has a deficit balance in its his Capital Account (after giving effect to all contributions, distributions, distributions and allocations for all fiscal taxable years, including the fiscal year during which such liquidation occurs), such Limited Partner shall have no obligation to make any contribution to the capital of the Partnership with respect to such deficit, and such deficit shall not be considered a debt owed to the Partnership or to any other Person for any purpose whatsoever.

Compliance with Timing Requirements of Regulations. In the event the Partnership is "“liquidated" ” within the meaning of Treas. Reg. (S) Regulations Section 1.704-1(b)(2)(ii)(g1(b) (2) (ii) (g), (ia) distributions shall be made pursuant to the this Article XII to the Partners who have positive Capital Accounts in compliance with Treas. Reg. Regulations Section 1.704-1(b) (S2) 1.704-(b)(2)(ii)(b)(2(ii) (b) (2), and (iib) if any the General Partner's ’s Capital Account has a deficit balance (after giving effect to all contributions, distributions and allocations for all fiscal taxable years, including the fiscal year during which such liquidation occurs), such the General Partner shall contribute to the capital of the Partnership the amount necessary to restore such deficit balance to zero incompliance in compliance with Treas. Reg. (S) Regulations Section 1.704-1(b)(2)(ii)(b)(31(b) (2) (ii) (b) (3). If any the Limited Partner has a deficit balance in its Capital Account (after giving effect to all contributions, distributions, distributions and allocations for all fiscal taxable years, including the fiscal year during in which such liquidation occurs), such Limited Partner shall have no obligation to make any contribution to the capital of the Partnership with respect to such deficit, and such deficit shall not be considered a debt owed to the Partnership or to any other Person person for any purpose whatsoever.

Compliance with Timing Requirements of Regulations. In the event the Partnership is "“liquidated" ” within the meaning of Treas. Reg. (S) Section 1.704-1(b)(2)(ii)(g)l(b)(2)(ii)(g) of the Regulations, (ia) distributions shall be made pursuant to the this Article XII X to the Partners who have positive Capital Accounts in compliance with Treas. Reg. Section 1.704- 1 (Sb)(2)(ii)(b)(2) 1.704-(b)(2)(ii)(b)(2)of the Regulations, and (iib) if any General Partner's ’s Capital Account has a deficit balance (after giving effect to all contributions, distributions distributions, and allocations for all fiscal taxable years, including the fiscal year during which such liquidation occurs), such General Partner shall contribute to the capital of the Partnership the amount necessary to restore such deficit balance to zero incompliance in compliance with Treas. Reg. (SSection 1.7041(b)(2)(ii)(b)(3) 1.704-1(b)(2)(ii)(b)(3)of the Regulations. If any Limited Partner has a deficit balance in its Capital Account (after giving effect to all contributions, distributions, and allocations for all fiscal taxable years, including the fiscal year during which such liquidation occurs), such Limited Partner shall have no obligation to make any contribution to the capital of the Partnership with respect to such deficit, and such deficit shall not be considered a debt owed to the Partnership or to any other Person for any purpose whatsoever.

Compliance with Timing Requirements of Regulations. In the event the Partnership is "liquidated" within the meaning of Treas. Reg. (S) Section 1.704-1(b)(2)(ii)(g)) of the Regulations, (i1) distributions shall be made pursuant to the this Article XII to the Partners who have positive Capital Accounts in compliance with Treas. Reg. (SSection 1.704-1(b)(2)(ii)(b)(2) 1.704-(b)(2)(ii)(b)(2)of the regulations, and (ii2) if any the General Partner's Capital Account has a deficit balance (after giving effect to all contributions, distributions distributions, and allocations for all fiscal taxable years, including the fiscal year during which such liquidation occurs), such the General Partner shall contribute to the capital of the Partnership the amount necessary to restore such deficit balance to zero incompliance in compliance with Treas. Reg. (SSection 1.7041(b)(2)(ii)(b)(3) 1.704-1(b)(2)(ii)(b)(3)of the Regulations. If any Limited Partner partner has a deficit balance in its an Adjusted Capital Account Deficit (after giving effect to all contributions, distributions, and allocations for all fiscal taxable years, including the fiscal year during which such liquidation occurs), such Limited Partner shall have no obligation to make any contribution to the capital of the Partnership with respect to such deficitAdjusted Capital Account Deficit, and such deficit Adjusted Capital Account Deficit shall not be considered a debt owed to the Partnership or to any other Person for any purpose whatsoever.. In the discretion of the General Partner, a pro rata portion of the distributions that would otherwise be made of the Partners pursuant to this Article XII may be:

Compliance with Timing Requirements of Regulations. In the event the Partnership is "“liquidated" ” within the meaning of Treas. Reg. (S) Section 1.704-1(b)(2)(ii)(g)) of the Regulations, (i1) distributions shall be made pursuant to the this Article XII to the Partners who have positive Capital Accounts in compliance with Treas. Reg. Section 1 ..704-1 (Sb)(2)(ii)(b)(2) 1.704-(b)(2)(ii)(b)(2)of the regulations, and (ii2) if any the General Partner's ’s Capital Account has a deficit balance (after giving effect to all contributions, distributions distributions, and allocations for all fiscal taxable years, including the fiscal year during which such liquidation occurs), such the General Partner shall contribute to the capital of the Partnership the amount necessary to restore such deficit balance to zero incompliance in compliance with Treas. Reg. (S) Section 1.704-1(b)(2)(ii)(b)(3)) of the Regulations. If any Limited Partner partner has a deficit balance in its an Adjusted Capital Account Deficit (after giving effect to all contributions, distributions, and allocations for all fiscal taxable years, including the fiscal year during which such liquidation occurs), such Limited Partner shall have no obligation to make any contribution to the capital of the Partnership with respect to such deficitAdjusted Capital Account Deficit, and such deficit Adjusted Capital Account Deficit shall not be considered a debt owed to the Partnership or to any other Person for any purpose whatsoever.. In the discretion of the General Partner, a pro rata portion of the distributions that would otherwise be made of the Partners pursuant to this Article XII may be: