Common use of Allocations to Capital Accounts Clause in Contracts

Allocations to Capital Accounts. (a) Subject to other provisions of this Article VIII, for each fiscal year, the Fund’s items of income, gain, loss, and deduction comprising Net Profit and Net Loss shall be allocated among the Limited Partners in such a manner that, immediately after giving effect to such allocations, each Limited Partner’s Target Capital Account balance, taking into account all contributions by such Limited Partner and distributions to such Limited Partner, equals, as nearly as possible, the amount of cash, if any, that would be distributed to such Limited Partner if (i) all the Fund’s assets were sold for cash equal to their respective Gross Asset Values, reduced, but not below zero, by the amount of nonrecourse debt to which such assets are subject, (ii) all the Fund’s liabilities (other than nonrecourse liabilities) were paid in full, and (iii) all the remaining cash were distributed to the Limited Partners under Section 8.2(a).

Allocations to Capital Accounts. (a) Subject a)Subject to other provisions of this Article VIII, for each fiscal year, the Fund’s items of income, gain, loss, and deduction comprising Net Profit and Net Loss shall be allocated among the Limited Partners in such a manner that, immediately after giving effect to such allocations, each Limited Partner’s Target Capital Account balance, taking into account all contributions by such Limited Partner and distributions to such Limited Partner, equals, as nearly as possible, the amount of cash, if any, that would be distributed to such Limited Partner if (i) all the Fund’s assets were sold for cash equal to their respective Gross Asset Values, reduced, but not below zero, by the amount of nonrecourse debt to which such assets are subject, (ii) all the Fund’s liabilities (other than nonrecourse liabilities) were paid in full, and (iii) all the remaining cash were distributed to the Limited Partners under Section 8.2(a).

Allocations to Capital Accounts. (a) Subject to other provisions of this Article VIII, for each fiscal year, the Fund’s items of income, gain, loss, and deduction comprising Net Profit and Net Loss shall be allocated among the Limited Partners in such a manner that, immediately after giving effect to such allocations, each Limited Partner’s Target Capital Account balance, taking into account all contributions by such Limited Partner and distributions to such Limited Partner, equals, as nearly as possible, the amount of cash, if any, that would be distributed to such Limited Partner if (i) all the Fund’s assets were sold for cash equal to their respective Gross Asset Values, reduced, but not below zero, by the amount of nonrecourse debt to which such assets are subject, (ii) all the Fund’s liabilities (other than nonrecourse liabilities) were paid in full, and (iii) all the remaining cash were distributed to the Limited Partners under Section 8.2(a) (disregarding the proviso in Section 8.2(a)(ii)(C) hereof).