Common use of General Application Clause in Contracts

General Application. For each Allocation Period, after giving effect to Section 5.3(b), the rules set forth below in this Section 5.3(a) shall apply for the purpose of determining each Partner’s allocable share of the items of income, gain, loss and expense of the Partnership comprising Profits or Losses of the Partnership for such Allocation Period.

General Application. For each Allocation Period, after giving effect to Section 5.3(b6.3(b), the rules set forth below in this Section 5.3(a6.3(a) shall apply for the purpose of determining each PartnerMember’s allocable share of the items of income, gain, loss and expense of the Partnership Company comprising Profits or Losses of the Partnership Company for such Allocation Period.