Allocations Upon Changes in Partnership Percentages. In the event a Partner’s Partnership Percentage changes during a taxable year, allocations of Net Income, Net Loss, and items of income, gain, deduction, loss, and credit shall be made to reflect the varying interests of the Partners for such taxable year in accordance with Code Section 706(d) using any permissible method under the applicable Treasury Regulations that is chosen by the General Partner.
Appears in 7 contracts
Samples: Limited Partnership Agreement (Marietta Surgical Center, Inc.), Limited Partnership Agreement (Marietta Surgical Center, Inc.), Limited Partnership Agreement (Marietta Surgical Center, Inc.)
