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
Appears in 3 contracts
Samples: Limited Partnership Agreement (Equistar Funding Corp), Limited Partnership Agreement (Lyondell Chemical Co), Limited Partnership 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 --------- SectionSection 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: Limited Partnership Agreement (Lyondell Chemical Co), Limited Partnership Agreement (Equistar Chemicals Lp), Limited Partnership Agreement (Millennium Chemicals Inc)
General Book Allocations. This section Section 4.1 controls partnership ------------------------ ----------- 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 Article III and Section 3 and --------- Section12.2(d). It does not refer to the method in which books ----------- --------------- are maintained for financial reporting purposes pursuant to Section 5.2. The ----------- book allocations for the Partnership are as follows:
Appears in 1 contract
Samples: Limited Partnership Agreement (Lyondell Chemical Co)