Allocation Generally. Each Fiscal Year, after adjusting each Partner’s Capital Account for all contributions and distributions with respect to such Fiscal Year and after giving effect to the allocations under Section 5.2 for the Fiscal Year, Net Profits and Net Losses (or items thereof) of the Partnership shall be allocated among the Partners in a manner such that, after such allocations have been made, each Partner’s Capital Account balance (which may be a positive, negative, or zero balance) will equal (proportionately) (a) the amount that would be distributed to each such Partner, determined as if the Partnership were to (i) sell all of its assets for their Gross Asset Values, (ii) satisfy all of its liabilities in accordance with their terms with the proceeds from such sale (limited, with respect to nonrecourse liabilities, to the Gross Asset Values of the assets securing such liabilities), and (iii) distribute the remaining proceeds pursuant to Section 4.1 minus (b) the sum of (x) such Partner’s Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain and (y) the amount, if any (without duplication of any amount included under clause (x)), that such Partner is obligated (or is deemed for U.S. federal income tax purposes to be obligated) to contribute, in its capacity as a Partner, to the capital of the Partnership as of the last day of such Fiscal Year.
Allocation Generally. It is the intention of the Partners that Net Income of the Partnership and Tax Income of the Partnership be allocated, as between Limited Partners and the General Partner, in the same manner and to the same extent as Distributions are made to Partners taking into account distributions of Capital Accounts and the provisions of this Article 6 shall be interpreted accordingly.
Allocation Generally. The total Settlement Fund payments made to Oregon pursuant to the Distributor Settlement Agreement (the “Oregon Settlement Amount”) shall be combined pursuant to this OR Distributor Allocation Agreement and 45% of such Settlement Funds shall be allocated to the State of Oregon (such funds, the “OR State Funds”) and 55% of such Settlement Funds to the OR Participating Subdivisions (such funds, the “OR Subdivision Funds).
Allocation Generally. 23 6.6 Tax and Other Information. 24 7.1 Distributions Generally. 24
