Common use of Distributions and Allocations in Respect of a Transferred Ownership Interest Clause in Contracts

Distributions and Allocations in Respect of a Transferred Ownership Interest. If any Partner Transfers any part of his interest in the Partnership during any accounting period in compliance with the provisions of this Article 12, Partnership income, gain, deductions and losses attributable to such interest for that period shall be divided and allocated between the transferor and the transferee by taking into account their varying interests during the appropriate accounting period in accordance with Code Section 706(d), using the daily proration method. All Partnership distributions on or before the effective date of such Transfer shall be made to the transferor, and all such Partnership distributions thereafter shall be made to the transferee. Solely for purposes of making Partnership tax allocations and distributions, the Partnership shall recognize a Transfer on the day following the day of Transfer. Neither the Partnership nor the General Partner shall incur any liability for making Partnership allocations and distributions in accordance with the provisions of this Section 12.8, whether or not the General Partner or the Partnership have knowledge of any Transfer of any interest in the Partnership or part thereof where the transferee is not admitted as a Substituted Limited Partner.

Distributions and Allocations in Respect of a Transferred Ownership Interest. If any Partner Transfers sells, assigns or transfers any part of his interest in the Partnership during any accounting period in compliance with the provisions of this Article 1213, Partnership income, gain, deductions and losses attributable to such interest for that the respective period shall be divided and allocated between the transferor and the transferee by taking into account their varying interests during the appropriate accounting period in accordance with Code Section 706(d), using the daily proration method. All Partnership distributions on or before the effective date of such Transfer transfer shall be made to the transferor, and all such Partnership distributions thereafter shall be made to the transferee. Solely for purposes of making Partnership tax allocations and distributions, the Partnership shall recognize a Transfer transfer on the day following the day of Transfertransfer. Neither the Partnership nor the General Partner shall incur any liability for making Partnership allocations and distributions in accordance with the provisions of this Section 12.813.8, whether or not the General Partner or the Partnership have knowledge of any Transfer transfer of any interest in the Partnership or part thereof where the transferee is not admitted as a Substituted Limited Partner.

Distributions and Allocations in Respect of a Transferred Ownership Interest. If any Partner Transfers sells, assigns or transfers any part of his interest in the Partnership during any accounting period in compliance with the provisions of this Article 12, Partnership income, gain, deductions and losses attributable to such interest for that the respective period shall be divided and allocated between the transferor and the transferee by taking into account their varying interests during the appropriate accounting period in accordance with Code Section 706(d), using any convention permitted by law and selected by the daily proration methodGeneral Partner. All Partnership distributions on or before the effective date of such Transfer transfer shall be made to the transferor, and all such Partnership distributions thereafter shall be made to the transferee. Solely for purposes of making Partnership tax allocations and distributions, the Partnership shall recognize a Transfer transfer on the day following the day of Transfertransfer. Neither the Partnership nor the General Partner shall incur any liability for making Partnership allocations and distributions in accordance with the provisions of this Section 12.812.7, whether or not the General Partner or the Partnership have has knowledge of any Transfer transfer of any interest in the Partnership or part thereof where the transferee is not admitted as a Substituted Limited Partner.

Distributions and Allocations in Respect of a Transferred Ownership Interest. If any Partner Transfers sells, assigns or transfers any part of his interest in the Partnership during any accounting period in compliance with the provisions of this Article 12, 13. Partnership income, gain, deductions and losses attributable to such interest for that the respective period shall be divided and allocated between the transferor transfer or and the transferee by taking into account their varying interests during the appropriate applicable accounting period in accordance with Code Section 706(d), using the daily proration method. All Partnership distributions on or before the effective date of such Transfer transfer shall be made to the transferortransfer or, and all such Partnership distributions thereafter shall be made to the transferee. Solely for purposes of making Partnership tax allocations and distributions, the Partnership shall recognize a Transfer transfer on the day following the day of Transfertransfer. Neither the Partnership nor the General Partner shall incur any liability for making Partnership allocations and distributions in accordance with the provisions of this Section 12.813.8, whether or not the General Partner or the Partnership have has knowledge of any Transfer transfer of any interest in the Partnership or part thereof where the transferee is not admitted as a Substituted Limited Partner.

Distributions and Allocations in Respect of a Transferred Ownership Interest. If any Partner Transfers sells, assigns or transfers any part of his interest in the Partnership during any accounting period in compliance with the provisions of this Article 1211, Partnership income, gain, deductions and losses attributable to such interest for that the respective period shall be divided and allocated between the transferor and the transferee by taking into account their varying interests during the appropriate applicable accounting period in accordance with using any permissible method under Code Section 706(d), using and the daily proration methodRegulations thereunder as determined by the General Partner. All Partnership distributions on or before the effective date of such Transfer transfer shall be made to the transferor, and all such Partnership distributions thereafter shall be made to the transferee. Solely for purposes of making Partnership tax allocations and distributions, the Partnership shall recognize a Transfer transfer on the day following the day of Transfertransfer. Neither the Partnership nor the General Partner shall incur any liability for making Partnership allocations and distributions in accordance with the provisions of this Section 12.811.8, whether or not the General Partner or the Partnership have has knowledge of any Transfer transfer of any interest in the Partnership or part thereof where the transferee is not admitted as a Substituted Limited Partner.

Distributions and Allocations in Respect of a Transferred Ownership Interest. If any Partner Transfers any part of his interest in the Partnership during any accounting period in compliance with the provisions of this Article 12, Partnership income, gain, 21 <PAGE> deductions and losses attributable to such interest for that period shall be divided and allocated between the transferor and the transferee by taking into account their varying interests during the appropriate accounting period in accordance with Code Section 706(d), using the daily proration method. All Partnership distributions on or before the effective date of such Transfer shall be made to the transferor, and all such Partnership distributions thereafter shall be made to the transferee. Solely for purposes of making Partnership tax allocations and distributions, the Partnership shall recognize a Transfer on the day following the day of Transfer. Neither the Partnership nor the General Partner shall incur any liability for making Partnership allocations and distributions in accordance with the provisions of this Section 12.8, whether or not the General Partner or the Partnership have knowledge of any Transfer of any interest in the Partnership or part thereof where the transferee is not admitted as a Substituted Limited Partner.. 12.9

Distributions and Allocations in Respect of a Transferred Ownership Interest. If any Partner Transfers sells, assigns or transfers any part of his its interest in the Partnership during any accounting period in compliance with the provisions of this Article 1211, Partnership income, gain, deductions and losses attributable to such interest for that the respective period shall be divided and allocated between the transferor and the transferee by taking into account their varying interests during the appropriate applicable accounting period in accordance with using any permissible method under Code Section 706(d), using and the daily proration methodRegulations thereunder as determined by the General Partner. All Partnership distributions on or before the effective date of such Transfer transfer shall be made to the transferor, and all such Partnership distributions thereafter shall be made to the transferee. Solely for purposes of making Partnership tax allocations and distributions, the Partnership shall recognize a Transfer transfer on the day following the day of Transfertransfer. Neither the Partnership nor the General Partner shall incur any liability for making Partnership allocations and distributions in accordance with the provisions of this Section 12.811.8, whether or not the General Partner or the Partnership have has knowledge of any Transfer transfer of any interest in the Partnership or part thereof where the transferee is not admitted as a Substituted Limited Partner.

Distributions and Allocations in Respect of a Transferred Ownership Interest. If any Partner Transfers sells, assigns or transfers any part of his interest in the Partnership during any accounting period in compliance with the provisions of this Article 1211, Partnership income, gain, deductions and losses attributable to such interest for that the respective period shall be divided and allocated between the transferor and the transferee by taking into account their varying interests during the appropriate applicable accounting period in accordance with Code Section 706(d), using the daily proration method. All Partnership distributions on or before the effective date of such Transfer transfer shall be made to the transferor, and all such Partnership distributions thereafter shall be made to the transferee. Solely for purposes of making Partnership tax allocations and distributions, the Partnership shall recognize a Transfer transfer on the day following the day of Transfertransfer. Neither the Partnership nor the General Partner shall incur any liability for making Partnership allocations and distributions in accordance with the provisions of this Section 12.811.8, whether or not the General Partner or the Partnership have has knowledge of any Transfer transfer of any interest in the Partnership or part thereof where the transferee is not admitted as a Substituted Limited Partner.