Common use of General Allocation Rules Clause in Contracts

General Allocation Rules. The General Partner shall use reasonable efforts to cause all Profit and Loss of the Partnership (including Gain or Loss on Disposition) to be allocated with respect to each Partnership Accounting Year as of the end of, and within ninety (90) days after the end of, such year, or as soon thereafter as is practically possible. All Profit and Loss (including Gain or Loss on Disposition) shall be allocated to the Partners shown on the records of the Partnership to have been Partners as of the last day of the Partnership Accounting Year for which such allocation is to be made, except that, if a Partner sells or exchanges its interest in the Partnership or otherwise is admitted as a substituted Partner, the Profit or Loss and Gain or Loss on Disposition shall be allocated between the transferor and the transferee by taking into account their varying interests during the Partnership Accounting Year in accordance with Code Section 706(d), using the interim closing of the books method or such other method as shall be reasonably Approved by the General Partner.

General Allocation Rules. The General Partner Partners shall use reasonable efforts to cause all the Profit and Loss of the Partnership (including and Gain or Loss on Disposition) to Disposition be allocated by the Partnership's accountants with respect to each Partnership Accounting Year (or part thereof) as of the end of, and within ninety (90) days after the end of, such year, or as soon thereafter as is practically possible. All Profit and Loss (including and Gain or Loss on Disposition) Disposition shall be allocated to the Partners shown on the records of the Partnership to have been Partners as of the last day of the Partnership Accounting Year for which such allocation is to be made, except that, if a Partner sells or exchanges its interest in the Partnership or otherwise is admitted as a substituted Partner, the Profit or Loss and Gain or Loss on Disposition shall be allocated between the transferor and the transferee by taking into account their varying interests during the Partnership Accounting Year in accordance with Code Section 706(d), using the interim closing of the books method or such other method as shall be reasonably Approved by the General PartnerPartners.

General Allocation Rules. The General Partner shall use reasonable efforts to cause all Profit and Loss of the Partnership (including Gain or Loss on Disposition) to be allocated with respect to each Partnership Accounting Year as of the end of, and within ninety (90) days after the end of, such year, or as soon thereafter as is practically possible. All Profit and Loss (including Gain or Loss on Disposition) shall be allocated to the Partners shown on the records of the Partnership to have been Partners as of the last day of the [20] 25 Partnership Accounting Year for which such allocation is to be made, except that, if a Partner sells or exchanges its interest in the Partnership or otherwise is admitted as a substituted Partner, the Profit or Loss and Gain or Loss on Disposition shall be allocated between the transferor and the transferee by taking into account their varying interests during the Partnership Accounting Year in accordance with Code Section 706(d), using the interim closing of the books method or such other method as shall be reasonably Approved by the General Partner.

General Allocation Rules. The General Partner shall use reasonable efforts to cause all Profit and Loss of the Partnership (including Gain or Loss on Disposition) to be allocated with respect to each Partnership Accounting Year as of the end of, and within ninety (90) days after the end of, such year, or as soon thereafter as is practically possible. All Profit and Loss (including Gain or Loss on Disposition) shall be allocated to the Partners [20] 25 shown on the records of the Partnership to have been Partners as of the last day of the Partnership Accounting Year for which such allocation is to be made, except that, if a Partner sells or exchanges its interest in the Partnership or otherwise is admitted as a substituted Partner, the Profit or Loss and Gain or Loss on Disposition shall be allocated between the transferor and the transferee by taking into account their varying interests during the Partnership Accounting Year in accordance with Code Section 706(d), using the interim closing of the books method or such other method as shall be reasonably Approved by the General Partner.

General Allocation Rules. The General Partner shall use reasonable efforts to cause all Profit and Loss of the Partnership (including Gain or Loss on Disposition) to be allocated with respect to each Partnership Accounting Year as of the end of, and within ninety (90) days after the end of, such year, or as soon thereafter as is practically possible. All Profit and Loss (including Gain or Loss on Disposition) shall be allocated to the Partners shown on the records of the Partnership to have been Partners as of the last day of the Partnership Accounting Year for which such allocation is to be made, except that, if a Partner sells or exchanges its interest in the Partnership or otherwise is admitted as a substituted [20] 25 Partner, the Profit or Loss and Gain or Loss on Disposition shall be allocated between the transferor and the transferee by taking into account their varying interests during the Partnership Accounting Year in accordance with Code Section 706(d), using the interim closing of the books method or such other method as shall be reasonably Approved by the General Partner.