Common use of Allocation of Items Among Partners Clause in Contracts

Allocation of Items Among Partners. Each item of income, gain, loss, deduction and credit and all other items governed by Code Section 702(a) shall be allocated among the Partners in proportion to the allocation of Profits, Losses and other items to such Partners hereunder, provided that any gain recognized from any disposition of a Partnership asset which is treated as ordinary income because it is attributable to the recapture of any depreciation or amortization shall be allocated among the Partners in the same ratio as the prior allocations of Profits, Losses or other items which included such depreciation or amortization, but not in excess of the gain otherwise allocable to each such Partner.

Allocation of Items Among Partners. Each Except as otherwise provided in Section 6.1(c)(ii)(I), each item of income, gain, loss, loss and deduction and credit and all other items governed by Code Section section 702(a) shall be allocated among the Partners in proportion to the allocation of Profits, Losses and other items to such the Partners hereunder, provided that any gain recognized from any disposition of a Partnership asset which that is treated as ordinary income because it is attributable to the recapture of any depreciation or amortization shall be allocated among the Partners in the same ratio as the prior allocations of Profits, Losses or other items which that included such depreciation or amortization, but not in excess of the gain otherwise allocable to each such Partner.

Allocation of Items Among Partners. Each Except as otherwise provided in Section 6.1(c)(ii)(A), each item of income, gain, loss, loss and deduction and credit and all other items governed by Code Section section 702(a) shall be allocated among the Partners in proportion to the allocation of Profits, Profits or Losses and other items to such the Partners hereunder, provided that any gain recognized from any disposition of a Partnership asset which that is treated as ordinary income because it is attributable to the recapture of any depreciation or amortization shall be allocated among the Partners in the same ratio as the prior allocations of Profits, Losses or other items which that included such depreciation or amortization, but not in excess of the gain otherwise allocable to each such Partner.

Allocation of Items Among Partners. Each item of income, gain, loss, deduction and credit and all other items governed by Code Section section 702(a) shall be allocated among the Partners in proportion to the allocation of Profits, Losses and other items to such Partners hereunder, provided that any gain recognized from any disposition of a Partnership asset which is treated as ordinary income because it is attributable to the recapture of any depreciation or amortization shall be allocated among the Partners in the same ratio as the prior allocations of Profits, Losses or other items which included such depreciation or amortization, but not in excess of the gain otherwise allocable to each such Partner.