Common use of Apportionment of Income and Expenses Among Series Clause in Contracts

Apportionment of Income and Expenses Among Series. (i) Any income, gain, loss, deduction or expense of the Company that is primarily attributable to a Series shall be deemed for all purposes to be wholly attributable to such Series; provided, however, that, for the avoidance of doubt, any loss, deduction or expense primarily attributable to a Series in accordance with Section 5.1(d) shall be deemed wholly attributable to such Series. (ii) Any income, gain, loss, deduction or expense of the Company not primarily attributable to a particular Series shall be deemed for all purposes to be partially attributable to each Series in proportion to the then-current Fair Market Value of the Series Property of such Series relative to the then-current Fair Market Value of the Series Property of all Series.

Apportionment of Income and Expenses Among Series. (i) 3.5.1. Any income, gain, loss, deduction or expense of the Company that is primarily attributable to a Series shall be deemed for all purposes to be wholly attributable to such Series; provided, however, that, for the avoidance of doubt, any loss, deduction or expense primarily attributable to a Series in accordance with Section 5.1(d) 3.4 shall be deemed wholly attributable to such Series. (ii) 3.5.2. Any income, gain, loss, deduction or expense of the Company not primarily attributable to a particular Series shall be deemed for all purposes to be partially attributable to each Series in proportion to the then-current Fair Market Value of the Series Property of such Series relative to the then-current Fair Market Value of the Series Property of all Series.