Common use of Company Allocations in Year of Sale Clause in Contracts

Company Allocations in Year of Sale. A tendering Unit holder will be allocated the Unit holder’s pro rata share of the annual taxable income and losses from the Company with respect to the Units sold for the period through the date of sale, even though such Unit holder will assign to the Purchasers their rights to receive certain cash distributions with respect to such Units. Such allocations and any Company distributions for such period would affect a Unit holder’s adjusted tax basis in the tendered Units and, therefore, the amount of gain or loss recognized by the Unit holder on the sale of the Units.

Company Allocations in Year of Sale. A tendering Unit holder Unitholder will be allocated the Unit holderUnitholder’s pro rata share of the annual taxable income and losses from the Company with respect to the Units sold for the period through the date of sale, even though such Unit holder Unitholder will assign to the Purchasers their rights to receive certain cash distributions with respect to such Units. Such allocations and any Company distributions for such period would affect a Unit holderUnitholder’s adjusted tax basis in the tendered Units and, therefore, the amount of gain or loss recognized by the Unit holder Unitholder on the sale of the Units.