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.), Certificate and Agreement (DGOC Series 18B LP), Certificate and 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: Certificate and Agreement (DGOC Series 18C LP), Certificate and Agreement (Atlas America Public #15-2005 (B) L.P.), Certificate and Agreement (Atlas America Public #15-2005 Program)
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: Certificate and Agreement (Atlas Resources Public #17-2008 (B) L.P.)
