Maintenance of Indebtedness. With respect to the Protected Partner, the Partnership agrees to maintain, or caused to be maintained, from time to time, sufficient indebtedness pursuant to the requirements set forth below in this Section 2.1.3 such that, pursuant to Treasury Regulation Section 1.752-3 and, to the extent provided for in clause (d) below, pursuant to Treasury Regulation Section 1.752-2, the Property Partner is allocated as its share of the indebtedness of the Partnership, an amount at least equal to the Minimum Liability Amount.
Appears in 2 contracts
Sources: Tax Protection Agreement, Tax Protection Agreement (Landmark Apartment Trust of America, Inc.)