Common use of Allocations of Profit and Loss and Distributions Clause in Contracts

Allocations of Profit and Loss and Distributions. a. Pre-Closing Hotel Profits and Losses. All profits, losses and other items earned or incurred with respect to the Additional Hotel on or prior to the Closing Date shall be allocated to the Additional Limited Partner. All Profits, Losses and other taxable items earned or incurred after the Closing Date (as defined in the Contribution Agreement) shall be for the account of the Partnership. The General Partner and the Additional Limited Partner shall determine the amount of such items incurred or earned on or prior to the, as opposed to after the, Closing Date in any reasonable manner permitted under the Internal Revenue Code of 1986, as amended (the "Code") and the Regulations.

Allocations of Profit and Loss and Distributions. a. Pre-Closing Hotel Profits and Losses. All profits, losses and ------------------------------------ other items earned or incurred with respect to the Additional Hotel on or prior to the Closing Date (as defined in the Contribution Agreement) shall be allocated to the Additional Limited Partner. All Profits, Losses and other taxable items earned or incurred after the Closing Date (as defined in the Contribution Agreement) shall be for the account of the Partnership. The General Partner and the Additional Limited Partner shall determine the amount of such items incurred or earned on or prior to the, as opposed to after the, Closing Date in any reasonable manner permitted under the Internal Revenue Code of 1986, as amended (the "Code") and the Regulations.. ----

Allocations of Profit and Loss and Distributions. a. Pre-Closing Hotel Profits and Losses. All profits, losses and other items earned or incurred with respect to the Additional Hotel Hotels on or prior to the Closing Date shall be allocated to the Additional Limited PartnerPartners. All Profits, Losses and other taxable items earned or incurred after the Closing Date (as defined in the Contribution Agreement) shall be for the account of the Partnership. The General Partner and the Additional Limited Partner shall determine the amount of such items incurred or earned on or prior to the, as opposed to after theafter, the Closing Date in any reasonable manner permitted under the Internal Revenue Code of 1986, as amended (the "Code") and the Regulations.

Allocations of Profit and Loss and Distributions. a. Pre-Closing Hotel Profits and Losses. All profits, losses and other items earned or incurred with respect to the Additional Hotel on or prior to the Closing Date (as defined in the Contribution Agreement) shall be allocated to the Additional Limited Partner. All Profits, Losses and other taxable items earned or incurred after the Closing Date (as defined in the Contribution Agreement) shall be for the account of the Partnership. The General Partner and the Additional Limited Partner shall determine the amount of such items incurred or earned on or prior to the, as opposed to after the, Closing Date in any reasonable manner permitted under the Internal Revenue Code of 1986, as amended (the "Code") and the Regulations.