Common use of Allocations of Profits and Losses Clause in Contracts

Allocations of Profits and Losses. Unless otherwise required by Code Sections 704(b), 704(c), or Treasury Regulations promulgated thereunder, all Profits, Losses, and items thereof for each fiscal year of the Partnership shall be allocated to the Partners in proportion to their Percentage Interests.

Allocations of Profits and Losses. Unless otherwise required by Code Sections 704(b), 704(c), ) or Treasury Regulations promulgated thereunder, all Profits, Losses, Losses and items thereof for each fiscal year of the Partnership shall be allocated to the Partners in proportion to their Percentage Interests.