Common use of Profits Losses and Accounting Clause in Contracts

Profits Losses and Accounting. 10 Section 5.1 Allocation of Profits and Losses.....................................................................10 Section 5.2 Accounting ..........................................................................................10 Section 5.3 Partners' Accounts...................................................................................11 Section 5.4 Section 754 Elections................................................................................12 ARTICLE VI POWERS, DUTIES, LIABILITIES, COMPENSATION AND VOTING OF GENERAL PARTNER.......................................12 Section 6.1 Powers of General Partner............................................................................12

Profits Losses and Accounting. 10 11 Section 5.1 Allocation of Profits and Losses.....................................................................10 ..................................11 Section 5.2 Accounting ..........................................................................................10 ...............................11 Section 5.3 Partners' Accounts...................................................................................11 Accounts .......................12 Section 5.4 Section 754 Elections................................................................................12 ARTICLE VI POWERS, DUTIES, LIABILITIES, COMPENSATION AND VOTING OF GENERAL PARTNER.......................................12 Section 6.1 Powers of General Partner............................................................................12Elections ....................13

Profits Losses and Accounting. 10 13 Section 5.1 Allocation of Profits and Losses.....................................................................10 ..............................................13 Section 5.2 Accounting ..........................................................................................10 Accounting....................................................................13 Section 5.3 Partners' Accounts...................................................................................11 ............................................................14 Section 5.4 Section 754 Elections................................................................................12 ARTICLE VI POWERS, DUTIES, LIABILITIES, COMPENSATION AND VOTING OF GENERAL PARTNER.......................................12 Section 6.1 Powers of General Partner............................................................................12.........................................................14

Profits Losses and Accounting. 10 12 Section 5.1 Allocation of Profits and Losses.....................................................................10 ......................................................12 Section 5.2 Accounting ..........................................................................................10 Accounting............................................................................13 Section 5.3 Partners' Accounts...................................................................................11 ....................................................................14 Section 5.4 Section 754 Elections................................................................................12 .................................................................15 ARTICLE VI POWERS, DUTIES, LIABILITIES, COMPENSATION AND VOTING OF GENERAL PARTNER.......................................12 ....................15 Section 6.1 Powers of General Partner............................................................................12.............................................................15