Common use of Operating Losses Clause in Contracts

Operating Losses. Operating Losses of the Partnership for each taxable ---------------- year of the Partnership shall be allocated among the Partners as follows: (i) First, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests until the cumulative amount of Operating Losses allocated pursuant to this Section 5.01(b)(i) for the current and all prior years equals the cumulative amount of Operating Income allocated pursuant to Section 5.01(a)(v) for the current and all prior years; (ii) Second, 85% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests and 15% to the Special Limited Partner until the cumulative amount of Operating Losses and losses allocated pursuant to this Section 5.01(b)(ii) and Section 5.01(c)(ii)(A) for the current and all prior years (less the cumulative amount of Operating Income and gain allocated pursuant to Section 5.01(a)(ii) and Section 5.01(c)(i)(B) for the current and all prior years) equals the cumulative amount of Operating Income and gain allocated pursuant to Section 5.01(a)(iv) and Section 5.01(c)(i)(D) for the current and all prior years; and (iii) Thereafter, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests.

Operating Losses. Operating Losses of the Partnership for each taxable ---------------- year of the Partnership shall be allocated among the Partners as follows: (i) First, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests until the cumulative amount of Operating Losses allocated pursuant to this Section 5.01(b)(i) for the current and all prior years equals the cumulative amount of Operating Income allocated pursuant to Section 5.01(a)(v) for the current and all prior years; (ii) Second, 8590% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests and 1510% to the Special Limited Partner until the cumulative amount of Operating Losses and losses allocated pursuant to this Section 5.01(b)(ii) and Section 5.01(c)(ii)(A) for the current and all prior years (less the cumulative amount of Operating Income and gain allocated pursuant to Section 5.01(a)(ii) and Section 5.01(c)(i)(B) for the current and all prior years) equals the cumulative amount of Operating Income and gain allocated pursuant to Section 5.01(a)(iv) and Section 5.01(c)(i)(D) for the current and all prior years; and (iii) Thereafter, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests.

Operating Losses. Operating Losses of the Partnership for each taxable ---------------- year of the Partnership shall be allocated among the Partners as follows: (i) First, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests until the cumulative amount of Operating Losses allocated pursuant to this Section 5.01(b)(i) for the current and all prior years equals the cumulative amount of Operating Income allocated pursuant to Section 5.01(a)(v5.01(a)(vi) for the current and all prior years; (ii) Second, 85% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests and 15% to the Special Limited Partner until the cumulative amount of Operating Losses and losses allocated pursuant to this Section 5.01(b)(ii) and Section 5.01(c)(ii)(A) for the current and all prior years (less the cumulative amount of Operating Income and gain allocated pursuant to Section 5.01(a)(ii) and Section 5.01(c)(i)(B) for the current and all prior years) equals the cumulative amount of Operating Income and gain allocated pursuant to Section 5.01(a)(iv5.01(a)(v) and Section 5.01(c)(i)(D) for the current and all prior years; and (iii) Thereafter, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests.

Operating Losses. Operating Losses of the Partnership for each taxable ---------------- year of the Partnership shall be allocated among the Partners as follows: (i) First, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests until the cumulative amount of Operating Losses allocated pursuant to this Section 5.01(b)(i) for the current and all prior years equals the cumulative amount of Operating Income allocated pursuant to Section 5.01(a)(v) for the current and all prior years; (ii) Second, 85% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests and 15% to the Special Limited Partner until the cumulative amount of Operating Losses and losses allocated pursuant to this Section 5.01(b)(ii) and Section 5.01(c)(ii)(A) for the current and all prior years (less the cumulative amount of Operating Income and gain allocated pursuant to Section 5.01(a)(ii) and Section 5.01(c)(i)(B) for the current and all prior years) equals the cumulative amount of Operating Income and gain allocated pursuant to Section 5.01(a)(iv) and Section 5.01(c)(i)(D) for the current and all prior years; and (iii) Thereafter, 100% to the General Partner and the Limited Partners in accordance with their respective Percentage Interests.