Minimum Gain Chargeback (Nonrecourse Liabilities). Notwithstanding anything to the contrary contained in this Article IV, if there is a net (a) is intended to comply with the minimum gain chargeback requirement in said section of the Regulations and shall be interpreted consistently therewith. Allocations pursuant to this section shall be made in proportion to the respective amounts required to be allocated to each Partner pursuant thereto.
Appears in 2 contracts
Sources: Limited Partnership Agreement (CBL/Regency I, LLC), Partnership Agreement (CBL/Regency I, LLC)