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: Certificate and Agreement (Atlas America Public #14-2005 (A) LP), Certificate and Agreement (Atlas America Public #14-2004 L.P.), Certificate and Agreement (Atlas America Series 25-2004 B Lp)
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: Certificate and Agreement (Atlas Energy for the Nineties Public No 5 LTD), Subscription Agreement (Atlas Energy for Nineties Public No 8 LTD)
