Common use of Nonrecourse Deductions Clause in Contracts

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 139 contracts

Samples: Agreement, Exchange Agreement (Western Midstream Partners, LP), Partnership Interests Exchange Agreement (Western Midstream Partners, LP)

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Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage InterestsPro Rata. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 124 contracts

Samples: Management Services Agreement (Nextera Energy Partners, Lp), Exchange Agreement (Delek Logistics Partners, LP), Exchange Agreement (Delek US Holdings, Inc.)

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 52 contracts

Samples: Agreement and Plan of Redemption and Merger (Markwest Hydrocarbon Inc), Agreement and Plan of Redemption and Merger (Markwest Energy Partners L P), Article Xiv Merger (Enterprise Products Operating L P)

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 47 contracts

Samples: Signature (NGL Crude Terminals, LLC), Signature (Opr, LLC), Preferred Unit Purchase Agreement (Natural Resource Partners Lp)

Nonrecourse Deductions. Nonrecourse Deductions for any Partnership taxable period year shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that does for such Partnership taxable year which would satisfy such requirements.

Appears in 41 contracts

Samples: Limited Partnership Agreement (Vinebrook Homes Trust, Inc.), Limited Partnership Agreement (Nexpoint Diversified Real Estate Trust), Limited Partnership Agreement (Vinebrook Homes Trust, Inc.)

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 16 contracts

Samples: Agreement (Enterprise Products Partners L P), Enterprise Products Partners L P, Enterprise Products Partners L P

Nonrecourse Deductions. Nonrecourse Deductions for any Partnership taxable period year shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that does for such Partnership taxable year which would satisfy such requirements.

Appears in 15 contracts

Samples: Gables Realty Limited Partnership, Gables Realty Limited Partnership, Agreement (Vinings Investment Properties Trust/Ga)

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines that the Partnership’s 's Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 12 contracts

Samples: Unit Purchase Agreement (Cheniere Energy Partners, L.P.), Cheniere Energy Partners, L.P., Och Daniel

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.

Appears in 9 contracts

Samples: Contribution Agreement (Enbridge Energy Partners Lp), Contribution Agreement (Enbridge Energy Partners Lp), www.lw.com

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other PartnersLimited Partner, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 8 contracts

Samples: Contribution Agreement (Eott Energy Canada Lp), Contribution Agreement (Eott Energy Canada Lp), Ferrellgas Partners L P

Nonrecourse Deductions. Nonrecourse Deductions for any Partnership taxable period year shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Code Section 704(b) of the Code), the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that does for such Partnership taxable year which would satisfy such requirements.

Appears in 8 contracts

Samples: Limited Partnership Agreement (Angel Oak Mortgage, Inc.), Pledge Agreement (NetSTREIT Corp.), Pledge Agreement (NetSTREIT Corp.)

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.. 45

Appears in 8 contracts

Samples: Williams Partners L.P., Williams Partners L.P., Williams Partners L.P.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.

Appears in 6 contracts

Samples: Original Agreement (Felcor Lodging Trust Inc), Article Xvi Merger (Enbridge Energy Partners Lp), Original Agreement (Felcor Lodging L P)

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the Managing General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Managing General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 6 contracts

Samples: Partnership Agreement (Crestwood Equity Partners LP), www.lw.com, Alliance Resource Partners Lp

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 6 contracts

Samples: Agreement (Ferrellgas Partners Finance Corp), Agreement (Ferrellgas Partners Finance Corp), Agreement (Ferrellgas Partners Finance Corp)

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other PartnersLimited Partner, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 5 contracts

Samples: Ferrellgas Partners Finance Corp, Reorganization Agreement (Enterprise Products Partners L P), Reorganization Agreement (Enterprise Products Partners L P)

Nonrecourse Deductions. Nonrecourse Deductions for any taxable ---------------------- period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.

Appears in 5 contracts

Samples: Agreement (Cabot Industrial Properties Lp), Contribution Agreement (Cabot Industrial Trust), Agreement (Cabot Industrial Properties Lp)

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 5 contracts

Samples: Agreement (Ferrellgas L P), Agreement, Agreement (Kinder Morgan Energy Partners L P)

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the Managing General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Managing General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 5 contracts

Samples: Cornerstone Propane Partners Lp, Cornerstone Propane Partners Lp, Alliance Resource Partners Lp

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy satisfies such requirements.

Appears in 4 contracts

Samples: Star Group Lp, Star Gas Finance Co, Star Gas Partners Lp

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the Managing General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Managing General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 4 contracts

Samples: Partnership Agreement (Atlas Growth Partners, L.P.), CVR Energy Inc, CVR Energy Inc

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the Managing General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Inergy Holdings, L.P.), Agreement and Plan of Merger (Inergy L P), Inergy L P

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.

Appears in 4 contracts

Samples: Prologis, Mar Mar Realty Trust, Baron Capital Trust

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines that the Partnership’s 's Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 3 contracts

Samples: Management and Operation (Enterprise Products Partners L P), Enterprise Products Partners L P, Enterprise Products Partners L P

Nonrecourse Deductions. Nonrecourse Deductions for any taxable ---------------------- period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 3 contracts

Samples: Sunoco Logistics Partners Lp, Sunoco Logistics Partners Lp, Plains All American Pipeline Lp

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Partnership Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.

Appears in 3 contracts

Samples: Copi Colorado Lp, Crescent Real Estate Equities Co, Crescent Real Estate Equities Co

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 3 contracts

Samples: Energy Transfer Operating, L.P., Energy Transfer Partners, L.P., media.corporate-ir.net

Nonrecourse Deductions. Nonrecourse Deductions for any Partnership taxable period year shall be allocated to the Partners in accordance with their respective Percentage InterestsGeneral Partner. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that does for such Partnership taxable year which satisfy such requirements.

Appears in 3 contracts

Samples: Master Contribution Agreement (Pacific Gulf Properties Inc), Property Management Agreement (Pacific Gulf Properties Inc), Management Agreement (Pacific Gulf Properties Inc)

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period year shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner Partnership determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section section 704(b) of the Code, the General Partner Partnership is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such the requirements.

Appears in 3 contracts

Samples: General Partnership Agreement, General Partnership Agreement (DCP Midstream Partners, LP), General Partnership Agreement (DCP Midstream Partners, LP)

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 3 contracts

Samples: Kinder Morgan Management LLC, Kinder Morgan Energy Partners L P, Kinder Morgan Energy Partners L P

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other PartnersUnitholders, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 2 contracts

Samples: www.sec.gov, ONEOK Partners LP

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner Xxxxxx determines in good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Code Section 704(b) of the Code, ). the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Exterran Energy Solutions, L.P.), Limited Partnership Agreement (Exterran Energy Solutions, L.P.)

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.requirements.‌

Appears in 2 contracts

Samples: Agreement, Agreement

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.

Appears in 2 contracts

Samples: Plum Creek Timber Co L P, Plum Creek Timber Co L P

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage InterestsInterests (calculated without regard to any Outstanding Series B Subordinated Units). If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 2 contracts

Samples: Agreement (Paa Natural Gas Storage Lp), Paa Natural Gas Storage Lp

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage InterestsSharing Ratios. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 2 contracts

Samples: Original Agreement (Energy Transfer Equity, L.P.), Original Agreement (Energy Transfer Partners, L.P.)

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Partnership Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.

Appears in 2 contracts

Samples: Crescent Real Estate Equities Co, Crescent Real Estate Equities Co

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Partnership Interests. If the General Partner determines determines, in its good faith discretion, that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.

Appears in 1 contract

Samples: Registration Rights Agreement (Agree Realty Corp)

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury IRS Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.. (vi) Partner Nonrecourse Deductions. Partner Nonrecourse Deductions for any taxable period shall be allocated 100% to the Partner that bears the 8

Appears in 1 contract

Samples: Emeritus Corp\wa\

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Partnership Interests. If the General Partner determines determines, in its good faith discretion, that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.

Appears in 1 contract

Samples: Agree Realty Corp

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Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.

Appears in 1 contract

Samples: Plum Creek Timber Co Inc

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period ---------------------- shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Code Section 704(b) of the Code), the General Partner is authorized, upon -------------- notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 1 contract

Samples: Limited Partnership Agreement (Hanover Compressor Co /)

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Code Section 704(b) of the Code), the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 1 contract

Samples: EES Leasing, LLC

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the U.S. Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, authorized to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 1 contract

Samples: Voting Agreement (Burger King Worldwide, Inc.)

Nonrecourse Deductions. Nonrecourse Deductions for any the taxable period shall be allocated to the Partners in accordance with their respective Percentage Interestsproportion to the number of OLP Common Units held. If the General Partner determines in good faith that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorizedmay, upon notice to the other Partners, to revise the prescribed ratio in order to the numerically closest ratio that does satisfy such safe harbor requirements.

Appears in 1 contract

Samples: Crosstex Energy Lp

Nonrecourse Deductions. Nonrecourse Deductions for any taxable ----------------------- period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 1 contract

Samples: Penn Octane Corp

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other PartnersLimited Partners in accordance with Section 4.4(e) hereof, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.

Appears in 1 contract

Samples: Security Capital Atlantic Inc

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period year shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 1 contract

Samples: Alliance Resource Partners Lp

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other PartnersUnitholders, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 1 contract

Samples: ONEOK Partners LP

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner Trustee determines that the Partnership’s 's Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner Trustee is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 1 contract

Samples: Trust Agreement (Appalachian Gas Royalty Trust)

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated in proportion to the Partners in accordance with their respective Percentage InterestsInterests of the Partners. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.

Appears in 1 contract

Samples: Hub Group Inc

Nonrecourse Deductions. Nonrecourse Deductions for any ---------------------- taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 1 contract

Samples: Plains All American Pipeline Lp

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations Regulation promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 1 contract

Samples: Atlas Growth Partners, L.P.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.requirements.‌

Appears in 1 contract

Samples: ir.energytransfer.com

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section Code section 704(b) of the Code), the General Partner is authorized, upon notice to the other PartnersLimited Partners in accordance with Section 4.4.5 hereof, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.

Appears in 1 contract

Samples: United Dominion Realty Trust Inc

Nonrecourse Deductions. Nonrecourse Deductions for any ----------------------- taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 1 contract

Samples: Penn Octane Corp

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Code Section 704(b) of the Code), the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 1 contract

Samples: Limited Partnership Agreement (Hanover Compression Lp)

Nonrecourse Deductions. Nonrecourse Deductions for any the taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in good faith that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorizedmay, upon notice to the other Partners, to revise the prescribed ratio in order to the numerically closest ratio that does satisfy such safe harbor requirements.. The allocations in this portion of Section 6.1(d) are 50

Appears in 1 contract

Samples: Crosstex Energy Lp

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in its good faith discretion that the Partnership’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.

Appears in 1 contract

Samples: Carramerica Realty Corp

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Partnership Interests. If the Managing General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Managing General Partner is authorized, upon notice to the other Limited Partners, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Station Casinos Inc)

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the Managing General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 1 contract

Samples: Inergy L P

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.. 57

Appears in 1 contract

Samples: Williams Pipeline Partners L.P.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable ---------------------- period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the General Partner determines in good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Code Section 704(b) of the Code), the General Partner is authorized, upon -------------- notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 1 contract

Samples: Limited Partnership Agreement (Hanover Compressor Co /)

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners in accordance with their respective Percentage Interests. If the Operating General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Operating General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Appears in 1 contract

Samples: Agreement (Genesis Energy Lp)

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated in proportion to the Partners in accordance with their respective Percentage InterestsInterests of the Partners. If the General Partner determines in its good faith discretion that the Partnership’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other PartnersLimited Partner, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.

Appears in 1 contract

Samples: Hub Group Inc

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