Common use of Transfer of or Change in Interests Clause in Contracts

Transfer of or Change in Interests. The Directors are authorized to adopt any convention or combination of conventions likely to be upheld for federal income tax purposes regarding the allocation and/or special allocation of items of Fund income, gain, loss, deduction and expense with respect to newly issued Interests, transferred Interests and withdrawn Interests. Upon admission as a Substituted Limited Partner, a transferee of Interests shall succeed to the Capital Account of the transferor Limited Partner to the extent it relates to the transferred Interests.