Common use of Priority Allocations Clause in Contracts

Priority Allocations. (A) If the amount of cash or the Net Agreed Value of any property distributed (except cash or property distributed pursuant to Section 12.4) with respect to a Unit exceeds the amount of cash or the Net Agreed Value of property distributed with respect to another Unit, each Unitholder receiving such greater cash or property distribution shall be allocated gross income in an amount equal to the product of (aa) the amount by which the distribution (on a per Unit basis) to such Unitholder exceeds the distribution with respect to the Unit receiving the smallest distribution and (bb) the number of Units owned by the Unitholder receiving the greater distribution.

Priority Allocations. (A) If the amount of cash or the Net Agreed Value of any property distributed (except cash or property distributed pursuant to Section 12.4) with respect to a Unit exceeds the amount of cash or the Net Agreed Value of property distributed with respect to another Unit, each Unitholder receiving such greater cash or property distribution shall be allocated gross income in an amount equal to the product of (aaA) the amount by which the distribution (on a per Unit basis) to such Unitholder exceeds the distribution with respect to the Unit receiving the smallest distribution and (bbB) the number of Units owned by the Unitholder receiving the greater distribution.

Priority Allocations. (A) If the amount of cash or the Net Agreed Value of any property distributed (except cash or property distributed pursuant to Section 12.410.3) to any Unitholder with respect to its Units for a taxable year is greater (on a per Unit exceeds basis) than the amount of cash or the Net Agreed Value of property distributed to the other Unitholders with respect to another Unittheir Units (on a per Unit basis), then each Unitholder receiving such greater cash or property distribution shall be allocated gross income in an amount equal to the product of (aaA) the amount by which the distribution (on a per Unit basis) to such Unitholder exceeds the distribution with respect (on a per Unit basis) to the Unit Unitholders receiving the smallest distribution and (bbB) the number of Units owned by the Unitholder receiving the greater distribution.

Priority Allocations. (A) If the amount of cash or the Net Agreed Value of any property distributed (except cash or property distributed pursuant to Section 12.4) to any Unitholder with respect to its Units for a taxable year is greater (on a per Unit exceeds basis) than the amount of cash or the Net Agreed Value of property distributed to the other Unitholders with respect to another Unittheir Units (on a per Unit basis), then each Unitholder receiving such greater cash or property distribution shall be allocated gross income in an amount equal to the product of (aaA) the amount by which the distribution (on a per Unit basis) to such Unitholder exceeds the distribution with respect (on a per Unit basis) to the Unit Unitholders receiving the smallest distribution and (bbB) the number of Units owned by the Unitholder receiving the greater distribution.

Priority Allocations. (A) If the amount of cash or the Net Agreed Value of any property distributed (except cash or property distributed pursuant to Section 12.4) with respect to any Unitholder for a taxable year is greater (on a per Unit exceeds basis) than the amount of cash or the Net Agreed Value of property distributed with respect to another Unitthe other Unitholders (on a per Unit basis), then each Unitholder receiving such greater cash or property distribution shall be allocated gross income in an amount equal to the product of (aa) the amount by which the distribution (on a per Unit basis) to such Unitholder exceeds the distribution with respect (on a per Unit basis) to the Unit Unitholders receiving the smallest distribution and (bb) the number of Units owned by the Unitholder receiving the greater distribution.

Priority Allocations. (A) If the amount of cash or the Net Agreed Value of any property distributed (except cash or property distributed pursuant to Section 12.4) to any Unitholder with respect to its Units for a taxable year is greater (on a per Unit exceeds basis) than the amount of cash or the Net Agreed Value of property distributed to the other Unitholders with respect to another Unittheir Units (on a per Unit basis), then each Unitholder receiving such greater cash or property distribution shall be allocated gross income in an amount equal to the product of (aa) the amount by which the distribution (on a per Unit basis) to such Unitholder exceeds the distribution with respect (on a per Unit basis) to the Unit Unitholders receiving the smallest distribution and (bb) the number of Units owned by the Unitholder receiving the greater distribution.

Priority Allocations. (A) If the amount of cash or the Net Agreed Value of any property distributed (except cash or property distributed pursuant to Section 12.4) 12.4 or with respect to Series A Preferred Units) to any Unitholder with respect to its Units for a taxable year is greater (on a per Unit exceeds basis) than the amount of cash or the Net Agreed Value of property distributed to the other Unitholders with respect to another Unittheir Units (on a per Unit basis), then each such Unitholder receiving such greater cash or property distribution shall be allocated gross income in an amount equal to the product of (aa) the amount by which the distribution (on a per Unit basis) to such Unitholder exceeds the distribution with respect (on a per Unit basis) to the Unit Unitholders receiving the smallest distribution and (bb) the number of Units owned by the Unitholder receiving the greater distribution.

Priority Allocations. (A) If the amount of cash or the Net Agreed Value of any property distributed (except cash or property distributed pursuant to Section 12.414.2 or 14.3) to any Member with respect to a taxable year is greater (on a per Unit exceeds basis) than the amount of cash or the Net Agreed Value of property distributed with respect to another Unitthe other Members (on a per Unit basis), then each Unitholder Member receiving such greater cash or property distribution shall be allocated gross income in an amount equal to the product of (aa) the amount by which the distribution (on a per Unit basis) to such Unitholder Member exceeds the distribution with respect (on a per Unit basis) to the Unit Members receiving the smallest distribution and (bb) the number of Units owned by the Unitholder Member receiving the greater distribution.

Priority Allocations. (A) If the amount of cash or the Net Agreed Value of any property distributed (except cash or property distributed pursuant to Section 12.4) with respect to a Unit exceeds the amount of cash or the Net Agreed Value of property distributed with respect to another Unit, each Unitholder receiving such greater cash or property distribution shall be allocated gross income in an amount equal to the product of (aa) the amount by which the distribution (on a per Unit basis) to such Unitholder exceeds the distribution with respect to the Unit receiving the smallest distribution and (bb) the number of Units owned by the Unitholder receiving the greater distribution.

Priority Allocations. (A) If the amount of cash or the Net Agreed Value of any property distributed (except cash or property distributed pursuant to Section 12.4) with respect to a Unit exceeds the amount of cash or the Net Agreed Value of property distributed with respect to another Unit, each Unitholder receiving such greater cash or property distribution shall be allocated gross income in an amount equal to the product of (aaA) the amount by which the distribution (on a per Unit basis) to such Unitholder exceeds the distribution with respect to the Unit receiving the smallest distribution and (bbB) the number of Units owned by the Unitholder receiving the greater distribution.

Priority Allocations. (A) If the amount of cash or the Net Agreed Value of any property distributed (except cash or property distributed pursuant to Section 12.410.3) to any Unitholder with respect to its Units for a taxable period is greater (on a per Unit exceeds basis) than the amount of cash or the Net Agreed Value of property distributed to the other Unitholders with respect to another Unittheir Units (on a per Unit basis), then each Unitholder receiving such greater cash or property distribution shall be allocated gross income in an amount equal to the product of (aaA) the amount by which the distribution (on a per Unit basis) to such Unitholder exceeds the distribution with respect (on a per Unit basis) to the Unit Unitholders receiving the smallest distribution and (bbB) the number of Units owned by the Unitholder receiving the greater distribution.

Priority Allocations. (A) If the amount of cash or the Net Agreed Value of any property distributed (except cash or property distributed pursuant to Section 12.4) with respect to a Unit exceeds the amount of cash or the Net Agreed Value of property distributed with respect to another Unit, each Unitholder receiving such greater cash or property distribution shall be allocated gross income in an amount equal to the product of (aaa) the amount by which the distribution (on a per Unit basis) to such Unitholder exceeds the distribution with respect to the Unit receiving the smallest distribution and (bbb) the number of Units owned by the Unitholder receiving the greater distribution.