Common use of Allocation Between Assignor and Assignee Clause in Contracts

Allocation Between Assignor and Assignee. The initial Capital Account Balance for a transferee of Units pursuant to this Agreement shall be that of the transferor on the date the transfer is effective hereunder. The portion of the income, gain, losses, credits and deductions of the Partnership for any Partnership Fiscal Year during which a Partner transfers its interest in the Partnership pursuant to this Agreement is allocable to the transferor and the transferee on the basis of the number of days during the relevant fiscal year that each is the owner thereof, using a reasonable daily proration method.

Allocation Between Assignor and Assignee. The initial Capital Account Balance for a transferee of Units pursuant to this Agreement shall be that of the transferor on the date the transfer is effective hereunder. The portion of the income, gain, losses, credits and deductions of the Partnership for any fiscal year of the Partnership Fiscal Year during which a Partner transfers its interest in the Partnership pursuant to this Agreement is allocable to the transferor and the transferee on the basis of the number of days during the relevant fiscal year that each is the owner thereof, using a reasonable daily proration method.