Common use of Assignor-Assignee Allocations Clause in Contracts

Assignor-Assignee Allocations. The Partnership shall allocate items of income, gain, loss, deduction and credit attributable to an interest in the Partnership that is assigned between the assignor and assignee in accordance with the method the Managing General Partner determines is required by the Internal Revenue Code, and if the Managing General Partner determines that more than one method is permitted, then such items shall be allocated in accordance with the method that the Managing General Partner selects.