Contingent Income. Subject to §5.04(d), if it is determined that any taxable income results to any party by reason of its entitlement to a share of capital of the Partnership, or a share of profits or revenues of the Partnership before the profit or revenue has been realized by the Partnership, the resulting deduction, as well as any resulting gain, shall not enter into Partnership net income or loss, but shall be separately allocated to that party.
Appears in 7 contracts
Samples: Partnership Agreement (Atlas Resources Series 33-2013 L.P.), Limited Partnership Agreement (DGOC Series 18B LP), Limited Partnership Agreement (DGOC Series 28, L.P.)
Contingent Income. Subject to §5.04(d), if it is determined that any taxable income results to any party by reason of its entitlement to a share of capital of the Partnership, or a share of profits or revenues of the Partnership before the profit or revenue has been realized by the Partnership, the resulting deduction, deduction as well as any resulting gain, shall not enter into Partnership net income or loss, but shall be separately allocated to that party.
Appears in 3 contracts
Samples: Limited Partnership Agreement (DGOC Series 18C LP), Limited Partnership Agreement (Atlas America Public #15-2005 Program), Limited Partnership Agreement (Atlas America Public #15-2005 (B) L.P.)
Contingent Income. Subject to §5.04(d), if it is determined that any taxable income results to any party by reason of its entitlement to a share of capital of the Partnership, or a share of profits or revenues of the Partnership before the profit or revenue has been realized by the Partnership, the resulting deduction, as well as any resulting gain, shall not enter into Partnership net income or loss, but shall be separately allocated to that party. 5.04. Elections.
Appears in 1 contract
Samples: Limited Partnership Agreement (Atlas Resources Public #17-2008 (B) L.P.)
