Contingent Income. If it is determined that any taxable income results to any party by reason of its entitlement to 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 the party.
Appears in 7 contracts
Samples: Limited Partnership Agreement (Atlas America Public #14-2005 (A) LP), Limited Partnership Agreement (Atlas America Public 12 2003 Program), Limited Partnership Agreement (Atlas America Public #14-2004 L.P.)
Contingent Income. If it is determined that any taxable income results to any party by reason of its entitlement to a share of profits or revenues of the Partnership before the such 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 the such party.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Atlas Energy for Nineties Public No 8 LTD), Limited Partnership Agreement (Atlas Energy for the Nineties Public No 5 LTD)
