Deficit Restoration. Upon the termination of the Partnership, no Limited Partner shall be required to restore any negative balance in his, her or its Capital Account to the Partnership. The General Partner shall be required to contribute to the Partnership an amount equal to its deficit Capital Account balance within the period prescribed by Treasury Regulation section 1.704-1(b)(2)(ii)(c).
Appears in 9 contracts
Sources: Parent Agreement, Parent Agreement (BGC Partners, Inc.), Partnership Agreement (BGC Partners, Inc.)
Deficit Restoration. Upon the termination of the Partnership, no Limited Partner shall be required to restore any negative balance in his, her or its Capital Account to the Partnership. The General Partner shall be required to contribute to the Partnership an amount equal to its respective deficit Capital Account balance balances within the period prescribed by Treasury Regulation section 1.704-1(b)(2)(ii)(c).
Appears in 6 contracts
Sources: Partnership Agreement (Newmark Group, Inc.), Agreement of Limited Partnership (BGC Partners, Inc.), Limited Partnership Agreement (BGC Partners, Inc.)
Deficit Restoration. Upon the termination of the Partnership, no Limited Partner shall be required to restore to the Partnership any negative balance in his, her or its Capital Account to the PartnershipAccount. The General Partner shall be required to contribute to the Partnership an amount equal to its respective deficit Capital Account balance balances within the period prescribed by Treasury Regulation section Regulations Section 1.704-1(b)(2)(ii)(c).
Appears in 2 contracts
Sources: Limited Partnership Agreement (BGC Partners, Inc.), Limited Partnership Agreement (BGC Partners, Inc.)
Deficit Restoration. Upon the termination of the Partnership, no Limited Partner shall be required to restore any negative balance in his, her or its Capital Account to the Partnership. The General Partner shall be required to contribute to the Partnership an amount equal to its deficit Capital Account balance within the period prescribed by Treasury Regulation Regulations section 1.704-1(b)(2)(ii)(c).
Appears in 2 contracts
Sources: Parent Agreement (BGC Partners, Inc.), Partnership Agreement (Newmark Group, Inc.)
Deficit Restoration. Upon the termination of the Partnership, no Limited Partner shall be required to restore any negative balance in his, her or its Capital Account to the Partnership. The General Partner shall be required to contribute to the Partnership an amount equal to its respective deficit Capital Account balance balances within the period prescribed by Treasury Regulation section 1.704-1(b)(2)(ii)(c).. Table of Contents ARTICLE IX
Appears in 1 contract