Allocations in General. Except as otherwise provided in this Article 6, and subject to Section 11.6.C, Net Income and Net Loss will be allocated to each of the Partners at the end of each calendar month using the interim closing of the books method and taking into account varying interests in accordance with the greater part of the month convention consistent with Section 11.6.C.
Appears in 3 contracts
Sources: Limited Partnership Agreement (Irvine Co Et Al), Limited Partnership Agreement (Irvine Apartment Communities L P), Limited Partnership Agreement (Irvine Apartment Communities L P)