Common use of Allocations For Capital Account Clause in Contracts

Allocations For Capital Account. Purposes Other than the ------------------------------------------------------- Taxable Year of Liquidation. For purposes of maintaining the Capital Accounts --------------------------- and in determining the rights of the Partners among themselves, the Partnership's items of income, gain, loss and deduction (computed in accordance with Section 4.4 hereof) shall be allocated among the Partners for each taxable ----------- year (or portion thereof) as provided herein below.

Allocations For Capital Account. Purposes Other than the ------------------------------------------------------- Taxable Year of Liquidation. For Subject to any class of Partnership Interests issued pursuant to Section 4.2(a) or 4.2(b) which are entitled to a preference over Partnership Units on the distribution of Available Cash, for purposes of maintaining the Capital Accounts --------------------------- and in determining the rights of the Partners among themselves, the Partnership's items of income, gain, loss and deduction (computed in accordance with Section 4.4 hereof) shall be allocated among the Partners for each taxable ----------- year (or portion thereof) as provided herein below.: