Common use of Allocations Relating to Taxable Issuance of Partnership Units Clause in Contracts

Allocations Relating to Taxable Issuance of Partnership Units. Any income, gain, loss, or deduction realized as a direct or indirect result of the issuance of Partnership Units or other interests in the Partnership shall be allocated among the Partnership Unit Holders so that, to the extent possible, the net amount of such items, together with all other allocations under the Agreement to each Partnership Unit Holder, shall be equal to the net amount that would have been allocated to each such Partnership Unit Holder if such items had not been realized.

Appears in 5 contracts

Samples: Artisan Partners Asset Management Inc., Artisan Partners Asset Management Inc., Artisan Partners Asset Management Inc.

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