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 ..................................... 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 ..................................... 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