General Book Allocations. This section controls partnership allocations for book purposes. As used herein, “book” means the allocations used to determine debits and credits to the Capital Accounts of the Partners and to determine the amounts distributable to the Partners pursuant to Section 3 and Section 12.2(d). It does not refer to the method in which books are maintained for financial reporting purposes pursuant to Section 5.2. Except as otherwise provided in Section 4.2 and Section 4.3, Profits or Losses for book purposes shall be allocated each year among the Partners Pro Rata, subject to the following:
Appears in 5 contracts
Samples: Lease Agreement (Equistar Chemicals Lp), Agreement (Millennium Chemicals Inc), Agreement (Equistar Chemicals Lp)
General Book Allocations. This section controls partnership allocations for book purposes. As used herein, “"book” " means the allocations used to determine debits and credits to the Capital Accounts of the Partners and to determine the amounts distributable to the Partners pursuant to Section 3 and Section 12.2(d). It does not refer to the method in which books are maintained for financial reporting purposes pursuant to Section 5.2. Except as otherwise provided in Section 4.2 and Section 4.3, Profits or Losses for book purposes shall be allocated each year among the Partners Pro Rata, subject to the following:
Appears in 3 contracts
Samples: Millennium Chemicals Inc, Lyondell Chemical Co, Equistar Chemicals Lp
General Book Allocations. This section controls partnership ------------------------ allocations for book purposes. As used herein, “"book” " means the allocations used to determine debits and credits to the Capital Accounts of the Partners and to determine the amounts distributable to the Partners pursuant to Section 3 and --------- Section 12.2(d). It does not refer to the method in which books are maintained --------------- for financial reporting purposes pursuant to Section 5.2. Except as otherwise ----------- provided in Section Sections 4.2 and Section 4.3, Profits or Losses for book purposes shall be -------------------- allocated each year among the Partners Pro Rata, subject to the following:
Appears in 3 contracts
Samples: Lease Agreement (Lyondell Chemical Co), Lease Agreement (Equistar Chemicals Lp), Lease Agreement (Equistar Funding Corp)
General Book Allocations. This section controls partnership allocations for book purposes. As used herein, “"book” " means the allocations used to determine debits and credits to the Capital Accounts of the Partners and to determine the amounts distributable to the Partners pursuant to Section 3 and Section 12.2(d). It does not refer to the method in which books are maintained for financial reporting purposes pursuant to Section 5.2. Except as otherwise provided in Section Sections 4.2 and Section 4.3, Profits or Losses for book purposes shall be allocated each year among the Partners Pro Rata, subject to the following:
Appears in 2 contracts
Samples: Occidental Petroleum Corp /De/, Lyondell Petrochemical Co