Common use of General Application Clause in Contracts

General Application. Except as expressly provided herein, the items of income, gain, loss or deduction of the Fund comprising Net Income or Net Loss for a Fiscal Year shall be allocated by the General Partner among the Partners in a manner such that the Capital Account of each Partner, immediately after making such allocation, is, as nearly as possible, equal (proportionately) to:

Appears in 4 contracts

Samples: media.regcompliancewatch.com, ilpa.org, ilpa.org

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General Application. Except as expressly provided herein, the items of ofThe net income, gain, or loss or deduction of the Fund comprising Net Income or Net Loss for a aeach Fiscal Year shall be allocated by the General Partner among the Partners in a manner such that the Capital Account of each Partner, immediately after making such allocation, is, as nearly as possible, equal (proportionately) to:determined in accordance with GAAP.139

Appears in 2 contracts

Samples: Agreement, Agreement

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General Application. Except as expressly provided herein, the items of income, gain, loss or deduction of the Fund comprising Net Income or Net Loss for a Fiscal Year shall be allocated by the General Partner among the Partners in a manner such that the Capital Account of each Partner, immediately after making such allocation, is, as nearly as possible, equal (proportionately) to:to:β€Œ

Appears in 2 contracts

Samples: www.hirschlerlaw.com, ilpa.org

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