Allocations of Net Income and Losses. Except as otherwise provided in this Agreement, Net Income and Net Losses of the Company for each Fiscal Year shall be allocated among the Members in a manner such that, as of the end of such Fiscal Year and taking into account all prior allocations of Net Income and Net Losses of the Company and all distributions made by the Company through such date, the Capital Account of each Member is, as nearly as possible, equal to the distributions that would be made to such Member pursuant to Section 5.7(a) if the Company were dissolved, its affairs wound up and assets sold for cash equal to their value, all Company liabilities were satisfied, and the net assets of the Company were distributed in accordance with Section 5.7(a) immediately after such allocation.
Allocations of Net Income and Losses. (a) Net Income (Loss) of the Partnership for each Fiscal Year (or other applicable accounting period) shall be allocated among the Capital Accounts of the Partners in a manner that as closely as possible gives economic effect to the provisions of Article V (including Section 5.07), Section 6.02 and other relevant provisions hereof. Notwithstanding anything herein to the contrary, allocations of Net Income (Loss) of the Partnership may be adjusted by the General Partner, in its discretion, to the extent necessary to reflect any amortization of Organizational Expenses.
