Common use of General Allocation Provisions Clause in Contracts

General Allocation Provisions. Except as otherwise provided in this Agreement, all items that are components of net income or net loss shall be divided among the Partners in the same proportions as they share such net income or net loss, as the case may be, for the year. For purposes of determining the Income, Loss or any other items for any period, Income, Loss or any such other items shall be determined on a daily, monthly or other basis, as reasonably determined by the General Partner using any permissible method under Code Section 706 and the Treasury Regulations thereunder.

General Allocation Provisions. Except as otherwise provided in this Agreement, all items that are components of net income Income or net loss Loss shall be divided allocated among the Partners in the same proportions as they share such net income Income or net lossLoss, as the case may be, for the year. For purposes of determining the Income, Loss or any other items for any period, Income, Loss or any such other items shall be determined on a daily, monthly or other basis, as reasonably determined by the General Partner using any permissible method under the Code Section 706 and the Treasury Regulations thereunderRegulations.

General Allocation Provisions. Except as otherwise provided in this Agreement, all items that are components of net income Income or net loss Loss shall be divided among the Limited Partners in the same proportions as they share such net income or net loss, as the case may be, for the year. For purposes of determining the Income, Loss or any other items for any period, Income, Loss or any such other items shall be determined on a daily, monthly or other basis, as reasonably determined by the General Partner Partners using any permissible method under Code Section 706 and the Treasury Regulations thereunder.

General Allocation Provisions. Except as otherwise provided in this Agreement, all items that are components of net income or net loss shall be divided among the Partners Members in the same proportions as they share such net income or net loss, as the case may be, for the year. For purposes of determining the Income, Income or Loss or any other items for any period, Income, Loss or any such other items shall calculations may y be determined made on a daily, monthly or other basis, as reasonably determined by the General Partner Members, using any permissible method under Code Section 706 and the Treasury Regulations thereunder.

General Allocation Provisions. Except as otherwise provided in this Agreement, all items that are components of net income or net loss shall be divided among the Partners in the same proportions as they share such net income or net loss, as the case may be, for the year. For purposes of determining the Income, Loss or any other items for any period, Income, Loss or any such other items shall be determined on a daily, monthly or other basis, as reasonably determined by the General Partner using any permissible method under Code Section 706 and the Treasury Regulations thereunder.