Common use of Preferred Unit Allocations Clause in Contracts

Preferred Unit Allocations. (A) Income of the Partnership attributable to the issuance by the Partnership of a Preferred Unit for an amount in excess of such Preferred Unit’s Stated Liquidation Preference shall be allocated to the Limited Partners in accordance with their respective Percentage Interests. (B) Net Termination Gain, if any, for the taxable period (or, to the extent necessary, items of income or gain for the taxable period) shall be allocated to each holder of Preferred Units, in proportion to, and to the extent of, an amount equal to the excess, if any, of (1) the Stated Liquidation Preference with respect to such holder’s Preferred Units, over (2) such holder’s existing Capital Account balance in respect of such Preferred Units, until the Capital Account balance of each such holder in respect of its Preferred Units is equal to the Stated Liquidation Preference with respect to such holder’s Preferred Units.

Preferred Unit Allocations. (A) Income of the Partnership attributable to the issuance by the Partnership of a Preferred Unit for an amount in excess of such Preferred Unit’s Stated Series A Liquidation Preference shall be allocated to all Unitholders holding Common Units and the Limited Partners General Partner in accordance with their respective Percentage Interests. (B) Net Termination Gain, if any, for the taxable period (or, to the extent necessary, items Items of income or gain for the each taxable period) period shall be allocated to each holder of Series A Preferred Units, in proportion to, and to the extent of, an amount equal to the excess, if any, of (1) the Stated Series A Liquidation Preference with respect to such holder’s Preferred Units, over (2) such holder’s existing Capital Account balance in respect of such Preferred Units, until the Capital Account balance of each such holder in respect of its Preferred Units is equal to the Stated Series A Liquidation Preference with respect to such holder’s Preferred Units.

Preferred Unit Allocations. (A) Income of the Partnership attributable to the issuance by the Partnership of a Preferred Unit for an amount in excess of such Preferred Unit’s the Stated Liquidation Preference for such Preferred Unit shall be allocated to the Limited Partners (other than Preferred Holders) in accordance with their respective Percentage Interests. (B) Net Termination Gain, if any, for the taxable period (or, to the extent necessary, items of income or and gain for the taxable period) shall be allocated to each holder of Preferred Units, Holder in proportion to, and to the extent of, an amount equal to the excess, if any, of (1x) the Stated Liquidation Preference with respect to such holder’s Preferred Units, over (2y) such holder’s existing Capital Account balance in respect of such its Preferred Units, until the Capital Account balance of each such holder in respect of its Preferred Units is equal to the Stated Liquidation Preference with in respect to of such holder’s Preferred Units.

Preferred Unit Allocations. (A) Income of the Partnership attributable to the issuance by the Partnership of a Preferred Unit for an amount in excess of such Preferred Unit’s the Stated Liquidation Preference for such Preferred Unit shall be allocated to the Limited Partners (other than Preferred Holders) in accordance with their respective Percentage Interests. (B) Net Termination Unrealized Gain, if any, for the taxable period (or, to the extent necessary, items of income or and gain for the taxable period) shall be allocated to each holder of Preferred Units, Holder in proportion to, and to the extent of, an amount equal to the excess, if any, of (1x) the Stated Liquidation Preference with respect to such holder’s Preferred Units, over (2y) such holder’s existing Capital Account balance in respect of such its Preferred Units, until the Capital Account balance of each such holder in respect of its Preferred Units is equal to the Stated Liquidation Preference with in respect to of such holder’s Preferred Units.

Preferred Unit Allocations. (A) Income of the Partnership Company attributable to the issuance by the Partnership Company of a Preferred Unit for an amount in excess of such Preferred Unit’s Stated Liquidation Preference liquidation preference shall be allocated to the Limited Partners holders of Common Units in accordance with their respective Percentage Interests. (B) Net Termination Gain, if any, for the taxable period (or, to the extent necessary, items of income or gain for the taxable period) shall be allocated to each holder of Preferred Units, in proportion to, and to the extent of, an amount equal to the excess, if any, of (1) the Stated Liquidation Preference liquidation preference with respect to such holder’s Preferred Units, over (2) such holder’s existing Capital Account balance in respect of such its Preferred Units, until the Capital Account balance of each such holder in respect of its Preferred Units is equal to the Stated Liquidation Preference with liquidation preference in respect to of such holder’s Preferred Units.

Preferred Unit Allocations. (A) Income of the Partnership attributable to the issuance by the Partnership of a Preferred Unit for an amount in excess of such Preferred Unit’s Stated Liquidation Preference shall be allocated to all Unitholders and the Limited Partners General Partner in accordance with their respective Percentage Interests. (B) Net Termination Gain, if any, for the taxable period (or, to the extent necessary, items of income or gain for the taxable period) shall be allocated to each holder of Preferred Units, in proportion to, and to the extent of, an amount equal to the excess, if any, of (1) the Stated Liquidation Preference with respect to such holder’s Preferred Units, over (2) such holder’s existing Capital Account balance in respect of such Preferred Units, until the Capital Account balance of each such holder in respect of its Preferred Units is equal to the Stated Liquidation Preference with respect to such holder’s Preferred Units.

Preferred Unit Allocations. (A) Income of the Partnership attributable to the issuance by the Partnership of a Preferred Unit for an amount in excess of such Preferred Unit’s Stated Preferred Unit Liquidation Preference shall be allocated to all Unitholders holding Common Units and the Limited Partners General Partner in accordance with their respective Percentage Interests. (B) Net Termination Gain, if any, for the taxable period (or, to the extent necessary, items Items of income or gain for the each taxable period) period shall be allocated to each holder of Preferred UnitsUnit Holder, in proportion to, and to the extent of, an amount equal to the excess, if any, of (1) the Stated Preferred Unit Liquidation Preference with respect to such holder’s Preferred Units, over (2) such holder’s existing Capital Account balance in respect of such Preferred Units, until the Capital Account balance of each such holder in respect of its Preferred Units is equal to the Stated Preferred Unit Liquidation Preference with respect to such holder’s Preferred Units.

Preferred Unit Allocations. (A) Income of the Partnership attributable to the issuance by the Partnership of a Preferred Unit for an amount in excess of such Preferred Unit’s Stated Liquidation Preference shall be allocated to all Unitholders and the Limited Partners General Partner in accordance with their respective Percentage Interests. (B) Net Termination Unrealized Gain, if any, for the taxable period (or, to the extent necessary, items of income or gain for the taxable period) shall be allocated to each holder of Preferred Units, in proportion to, and to the extent of, an amount equal to the excess, if any, of (1) the Stated Liquidation Preference with respect to such holder’s Preferred Units, over (2) such holder’s existing Capital Account balance in respect of such Preferred Units, until the Capital Account balance of each such holder in respect of its Preferred Units is equal to the Stated Liquidation Preference with respect to such holder’s Preferred Units.