Common use of Intention of Allocations Clause in Contracts

Intention of Allocations. Any credit or charge to the Capital Accounts of the members pursuant to Sections 6 through 12 of this Article shall be taken into account in computing subsequent allocations of net profits and net losses pursuant to Sections 2 and 3 of this Article, so that the net amount of any items charged or credited to Capital Accounts shall to the extent possible, be equal to the net amount that would have been allocated to the Capital Account of each member if the special allocations required by Sections 6 through 12 of this Article hereof had not occurred.