Common use of Transferor-Transferee Allocations Clause in Contracts

Transferor-Transferee Allocations. Unless otherwise agreed in writing by a transferor and transferee of a Partnership Interest herein, Distributable Cash distributable with respect to any Partnership Interest which may have been transferred during any year shall be distributed to the holder of such Partnership Interest who was recognized as the owner on the date of such distribution, without regard to the results of Partnership operations during the year.

Transferor-Transferee Allocations. Unless otherwise agreed in writing by a transferor and transferee of a Partnership Membership Interest herein, Distributable Cash distributable with respect to any Partnership Membership Interest which may have been transferred during any year shall be distributed to the holder of such Partnership Membership Interest who was recognized as the owner on the date of such distribution, without regard to the results of Partnership Company operations during the year.