Common use of Profit and Loss Allocations Clause in Contracts

Profit and Loss Allocations. 7 3.1 Allocation of Profits and Losses....................................... 7 3.2 Elimination of Book/Tax Disparities.................................... 7 3.3 Consistency with Allocation Rules...................................... 7 ARTICLE 4 DISTRIBUTIONS.............................................................. 7

Profit and Loss Allocations. 7 3.1 Allocation of Profits and Losses....................................... Losses ..................................... 7 3.2 Elimination of Book/Tax Disparities.................................... Disparities .................................. 7 3.3 Consistency with Allocation Rules...................................... Rules .................................... 7 ARTICLE 4 DISTRIBUTIONS.............................................................. DISTRIBUTIONS ........................................................... 7

Profit and Loss Allocations. 7 3.1 Allocation of Profits and Losses....................................... ............................... 7 3.2 Elimination of Book/Tax Disparities.................................... ............................ 7 3.3 Consistency with Allocation Rules...................................... .............................. 7 ARTICLE 4 DISTRIBUTIONS.............................................................. ......................................................... 7

Profit and Loss Allocations. 7 3.1 Allocation of Profits and Losses....................................... Losses ......................................................... 7 3.2 Elimination of Book/Tax Disparities.................................... Disparities ...................................................... 7 3.3 Consistency with Allocation Rules...................................... Rules ........................................................ 7 ARTICLE 4 DISTRIBUTIONS.............................................................. DISTRIBUTIONS .................................................................................. 7

Profit and Loss Allocations. 7 3.1 Allocation of Profits and Losses....................................... ...................... 7 3.2 Elimination of Book/Tax Disparities.................................... ................... 7 3.3 Consistency with Allocation Rules...................................... ..................... 7 ARTICLE 4 DISTRIBUTIONS.............................................................. ............................................. 7