Allocation for Tax Purposes. (a) Taxable income, losses and deductions of the Partnership for each year shall accrue to, and be borne by, the Partners in proportion to their sharing of net increases or decreases in Net Worth, the allocations of various types of taxable income and losses likewise being as nearly proportionate as possible.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Sea Breeze Power Corp), Limited Partnership Agreement (Sea Breeze Power Corp), Limited Partnerhship Agreement
Allocation for Tax Purposes. (a) Taxable Ordinary income, gains, losses and deductions of the Partnership for each year Fiscal Year shall accrue to, and be borne by, the Partners in proportion to their sharing of net increases or decreases in Net WorthAsset Value, the allocations of various types of taxable income and losses likewise being as nearly proportionate as possiblepossible proportionate.
Appears in 2 contracts
Samples: Limited Partnership Agreement (NGFC Equities, Inc.), Limited Partnership Agreement (NGFC Equities, Inc.)
Allocation for Tax Purposes. (a) Taxable Ordinary income, gains, losses and deductions of the Partnership for each year shall accrue to, and be borne by, the Partners in proportion to their sharing of net increases or decreases in Net Worth, the allocations of various types of taxable income and losses likewise being as nearly proportionate as possiblepossible proportionate.
Appears in 1 contract
Samples: Partnership Agreement
