Common use of General Rules of Allocation Clause in Contracts

General Rules of Allocation. Net Profit, Net Losses and all items of income, gain, loss and deduction, whether or not includible or deductible for federal income tax purposes, shall be credited to or debited against the Partners’ respective Capital Accounts as set forth in this Section 8. It is intended that, as a result of such allocations and the application of Section 7(f), all liquidating distributions made pursuant to Section 19 shall be identical to the amounts that would be distributed to each Partner if such distributions were made instead pursuant to Section 9(c).

General Rules of Allocation. Net Profit, Net Losses and all items of income, gain, loss and deduction, whether or not includible or deductible for federal income tax purposes, shall be credited to or debited against the Partners’ respective Capital Accounts as set forth in this Section 8. It is intended that, as a result of such allocations and the application of Section 7(f7(e), all liquidating distributions made pursuant to Section 19 shall be identical to the amounts that would be distributed to each Partner if such distributions were made instead pursuant to Section 9(c).

General Rules of Allocation. Net Profit, Net Losses and all items of income, gain, loss and deduction, whether or not includible or deductible for federal income tax purposes, shall be credited to or debited against the Partners’ respective Capital Accounts as set forth in this Section 8. It is intended that, as a result of such allocations and the application of Section 7(f7(g), all liquidating distributions made pursuant to Section 19 16 shall be identical to the amounts that would be distributed to each Partner if such distributions were made instead pursuant to Section 9(c).

General Rules of Allocation. Net Profit, Net Losses and all items of income, gain, loss and deduction, whether or not includible or deductible for federal income tax purposes, shall be credited to or debited against the Partners’ respective Capital Accounts as set forth in this Section 8. It is intended that, as a result of such allocations and the application of Section 7(f7(g), all liquidating distributions made pursuant to Section 19 shall be identical to the amounts that would be distributed to each Partner if such distributions were made instead pursuant to Section 9(c).