Section 706. In all cases in which it is necessary to determine the Profits, Losses, or any other items allocable to any period, Profits, Losses, and any such other items shall be determined using any convention permitted under Code Section 706 as selected by the General Partner.
Appears in 3 contracts
Sources: Amendment No. 3 to the Amended and Restated Agreement of Limited Partnership (Sotherly Hotels Lp), Limited Partnership Agreement (MHI Hospitality CORP), Limited Partnership Agreement (MHI Hospitality CORP)