Allocations Among Partners. Unless otherwise expressly stated to the contrary, whenever amounts are allocated or distributed to the Partners such amounts shall be allocated or distributed among the Partners in the proportion that the Partnership Interest(s) each owns bears to the aggregate number of Partnership Interests of all the Limited Partners at the time of such allocation or distribution.
Allocations Among Partners. A. For purposes of determining the Taxable Income (or Tax Losses) or any other items allocable to any period, Taxable Income (or Tax Losses) and any such other items shall be determined on a daily, monthly, or other basis, as determined by the General Partner using any permissible method under Code Section 706 and the Treasury Regulations thereunder.
Allocations Among Partners. A. For purposes of determining the Taxable Income (or Tax Losses) or any other items allocable to any period, Taxable Income (or Tax Losses) and any such other items shall be determined on a daily, monthly, or other basis, as determined by the General Partner using any permissible method under Code Section 706 and the Treasury Regulations thereunder. B. Taxable Income, Tax Losses, and Tax Credits for all purposes of this Agreement shall be determined in accordance with the accrual accounting method. Except as otherwise provided in this Agreement, all items of Partnership income, gain, loss, deduction, and any other allocations, including allocation of Book Profits and Losses, shall be divided among the Partners in the same proportions as they share Taxable Income, Tax Credits, and Taxable Losses, as the case may be, for such fiscal year. C. In any year in which a Partner sells, assigns or transfers all or any portion of an Interest to any Person who during such year is admitted as a substitute Partner, the share of all Taxable Income, Tax Losses, and Tax Credits, allocated to and of all Cash Flow and all cash proceeds distributable under Section 11.04 distributed to, all Partners which is attributable to the Interest sold, assigned or transferred shall be divided between the assignor and the assignee using any one of the following methods as determined by agreement between the assignor and assignee: (i) ratably on the basis of the number of days in such year before, and the number of days on and after, the execution by the assignee of this Agreement, or (ii) by dividing the Partnership fiscal year into two segments, the first segment being the time period in such year before the execution by the assignee of this Agreement and the second segment being the time period in such year beginning on the date of execution of this Agreement, and allocating Taxable Income, Tax Losses, Tax Credits, Cash Flow, and all cash proceeds distributable in each such segment among the persons who were Partners during that segment, or (iii) using such other method as provided by the Code or regulations thereunder. D. In the event that there is a determination that there is any original issue discount or imputed interest attributable to the Capital Contribution of any Partner, or any loan between a Partner and the Partnership, any income or deduction of the Partnership attributable to such imputed interest or original issue discount on such Capital Contribution or loan (whether s...
Allocations Among Partners. All items of income, gain, loss, deduction and credit (including items of tax preference) of the Partnership for federal income tax purposes shall be apportioned ratably to each day of the Partnership's taxable year and each day's share of such items shall be allocated to the Partners as provided in this section, subject to Internal Revenue Code Section 704 and the regulations thereunder.
Allocations Among Partners. The Partnership shall apportion Partnership Allocations among the Partners in accordance with the provisions of this Paragraph B.06.
Allocations Among Partners. (a) Whenever a proportionate part of the Partnership Profit or Loss is credited or charged to a Partner's account, every item of income, gain, loss, deduction or credit entering into the computation of such Profit or Loss, or applicable to the period during which such Profit or Loss is realized, shall be considered credited or charged, the case may be, to such account in the same proportion. As between a Limited Partner and his transferee, unless otherwise agreed by them, Profits and Losses for any Fiscal Year shall be allocated on a daily basis, and the transferee shall be allocated Profits and Losses with respect to the period commencing with the day of transfer.
Allocations Among Partners. Except as otherwise agreed from time to time by the Partners or as otherwise provided herein, for purposes of maintaining the Capital Accounts, all items of Partnership income, gain, loss,
Allocations Among Partners. Except as explicitly provided elsewhere herein, the items of income, gain, loss or deduction of the Partnership comprising Net Income or Net Loss for a Partnership Year shall be allocated between the Class G Preferred Unitholders and the Class G Unitholders and all other Persons who were Partners during each such Partnership Year in a manner such that the Capital Account of each Class G Preferred Unitholder and the Capital Account of each Class G Unitholder, immediately after making such allocation, is, as nearly as possible, equal (proportionately) to (a) the distributions that would be made to such Partner pursuant to Article 13 if the Partnership were dissolved, its affairs wound up and its assets sold for cash equal to their Gross Asset Values, all Partnership liabilities were satisfied (limited in the case of each Nonrecourse Liability to the Gross Asset Value of the assets securing such liability) and the net assets of the Company were distributed in accordance with Section 13.2(a)(iv) and (v) to the Partners immediately after making such allocations, minus (b) such Partner’s share of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain, computed immediately prior to the hypothetical sale of the assets.
Allocations Among Partners a. Amounts allocated to the Limited Partners collectively shall be allocated pro rata among the Limited Partners.
Allocations Among Partners. (a) The original capital of the Partnership shall be divided into equal parts, hereinafter referred to as “Units”. Each Unit shall have a value of One Hundred Dollars ($100.00).
