Common use of Profits, Losses and Tax Credits Clause in Contracts

Profits, Losses and Tax Credits. (a) Except as otherwise specifically provided in this Article, for each Partnership fiscal year or portion thereof, all profits, tax- exempt income, losses, non-deductible non-capitalizable expenditures, and tax credits incurred or accrued on or after the Commencement Date, other than those arising from a Capital Transaction, shall be allocated 99% to the Investment Limited Partner and l% to the General Partners.

Profits, Losses and Tax Credits. (a) Except as otherwise specifically provided in this Article, for each Partnership fiscal year or portion thereof, all profits, tax- tax-exempt income, losses, non-deductible non-capitalizable expenditures, expenditures and tax credits incurred or accrued on or after the Commencement Date, other than those arising from a Capital Transaction, shall be allocated 9999.99% to the Investment Limited Partner and l% .01% to the General Partners.

Profits, Losses and Tax Credits. (a) Except as otherwise specifically provided in this Article, for each Partnership fiscal year or portion thereof, all profits, tax- exempt income, losses, non-deductible non-capitalizable expenditures, and tax credits incurred or accrued on or after the Commencement Date, other than those arising from a Capital Transaction, shall be allocated 99% to the Investment Limited Partner and l% 1% to the General Partners.

Profits, Losses and Tax Credits. (a) Except as otherwise specifically provided in this Article, for each Partnership fiscal year or portion thereof, all profits, tax- tax-exempt income, losses, non-deductible non-capitalizable expenditures, expenditures and tax credits incurred or accrued on or after the Commencement Date, other than those arising from a Capital Transaction, shall be allocated 99% to the Investment Limited Partner and l% 1% to the General Partners.