Common use of Allocation Among Limited Partners Clause in Contracts

Allocation Among Limited Partners. In the event that the Interest of the Limited Partner hereunder is at any time held by more than one Limited Partner or by more than one Georgia Limited Partner all items which are specifically allocated to the Limited Partner or the Georgia Limited Partner for any month pursuant to this Article X shall be apportioned among such Persons according to the ratio of their respective profit-sharing interests in the Partnership at the last day of such month.

Appears in 3 contracts

Samples: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 10), Amended and Restated Agreement of Limited Partnership (WNC Housing Tax Credit Fund Vi Lp Series 9), Amended and Restated Agreement of Limited Partnership (WNC Housing Tax Credit Fund Vi Lp Series 9)

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Allocation Among Limited Partners. In the event that the Interest of the Limited Partner or Georgia Limited Partner hereunder is at any time held by more than one Limited Partner or by more than one Georgia Limited Partner Partner, all items which are specifically allocated to the Limited Partner or the Georgia Limited Partner for any month pursuant to this Article X shall be apportioned among such Persons according to the ratio of their respective profit-sharing interests in the Partnership at the last day of such month.

Appears in 1 contract

Samples: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 10)

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