Common use of Allocations of Profits and Losses Clause in Contracts

Allocations of Profits and Losses. Except as otherwise provided in this Agreement, Profits, Losses and, to the extent necessary, individual items of income, gain, loss, deduction and credit of the Partnership shall be allocated among the Capital Accounts of the Partners in a manner that as closely as possible gives economic effect to the provisions of Articles III and VIII and the other relevant provisions of this Agreement.

Allocations of Profits and Losses. Except as otherwise provided in this Agreementherein, Profits, Losses and, to the extent necessary, individual items of income, gain, loss, loss or deduction and credit of the Partnership shall be allocated among the Capital Accounts of the Partners in a manner that as closely as possible gives economic effect to the provisions of Articles III and VIII IX and the other relevant provisions of this Agreement.

Allocations of Profits and Losses. Except as otherwise provided in this Agreement, Profits, Losses and, to the extent necessary, individual items of income, gain, loss, loss or deduction and credit of the Partnership shall be allocated among the Capital Accounts of the Partners in a manner that as closely as possible gives economic effect to the provisions of Articles III and VIII IX and the other relevant provisions of this Agreement.