Common use of Allocations Among Partners Clause in Contracts

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.

Appears in 12 contracts

Samples: www.sec.gov, Agreement (UHS of Timberlawn, Inc.), Agreement of Limited Partnership (UHS of Timberlawn, Inc.)

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