Common use of Tax Return and Tax Basis Capital Account Allocations Clause in Contracts

Tax Return and Tax Basis Capital Account Allocations. 6.2.1 Unless otherwise expressly provided in this Sec. 6.2, the allocations of the Partnership's items of income, gain, loss, or deduction for tax return and tax basis capital account purposes shall follow the principles of the allocations under Sec. 6.1. However, the Partnership's gain or loss on the taxable disposition of a Partnership property in excess of the gain or loss under Sec. 6.1, if any, is allocated to the contributing Party to the extent of such Party's pre-contribution gain or loss. JOA - Exhibit "F"

Tax Return and Tax Basis Capital Account Allocations. 6.2.1 Unless otherwise expressly provided in this Sec. 6.2, the allocations of the Partnership's ’s items of income, gain, loss, or deduction for tax return and tax basis capital account purposes shall follow the principles of the allocations under Sec. 6.1. However, the Partnership's ’s gain or loss on the taxable disposition of a Partnership property in excess of the gain or loss under Sec. 6.1, if any, is allocated to the contributing Party to the extent of such Party's ’s pre-contribution gain or loss. JOA - Exhibit "F".

Tax Return and Tax Basis Capital Account Allocations. 6.2.1 Unless otherwise expressly provided in this Sec. 6.2, the allocations of the Partnership's ’s items of income, gain, loss, or deduction for tax return and tax basis capital account purposes shall follow the principles of the allocations under Sec. 6.1. However, the Partnership's ’s gain or loss on the taxable disposition of a Partnership property properly in excess of the gain or loss under Sec. 6.1, if any, is allocated to the contributing Party to the extent of such Party's ’s pre-contribution gain or loss. JOA - Exhibit "F".

Tax Return and Tax Basis Capital Account Allocations. 6.2.1 Unless otherwise expressly provided in this Sec. Section 6.2, the allocations of the Partnership's partnership items of income, gain, loss, or deduction for tax return and tax basis capital account purposes shall follow the principles of the allocations under Sec. Section 6.1. However, the Partnershippartnership's gain or loss on the taxable disposition of a Partnership partnership property in excess of the gain or loss under Sec. Section 6.1, if any, is allocated to the contributing Party to the extent of such Party's pre-contribution gain or loss. JOA - Exhibit "F".