Common use of Special Allocations to Capital Accounts Clause in Contracts

Special Allocations to Capital Accounts. The special allocations set forth in Exhibit A are hereby incorporated into this Agreement. The Partners intend for the Partnership’s allocations of income, gains, losses, deductions, and credits to comply with the provisions set forth in Code Section 704 and the corresponding Regulations. Accordingly, the Partners agree that, notwithstanding any other provision of this Agreement, the General Partner may revise such allocations to the extent that the General Partner, in its discretion, determines that such revision is necessary or desirable for the Partnership’s allocations to comply with the Code and Regulations.

Appears in 8 contracts

Samples: Limited Partnership Agreement (Safeway Stores 42, Inc.), Limited Partnership Agreement (Safeway Stores 42, Inc.), Limited Partnership Agreement (Safeway Stores 42, Inc.)

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