Common use of General Allocations Clause in Contracts

General Allocations. Subject to the terms of any Partnership Unit Designation, and except as otherwise provided in this Article 6 and subject to Section 11.6C hereof, all Net Income and Net Loss of the Partnership for any relevant Fiscal Year (or other taxable year or taxable period) will be allocated as follows:

Appears in 8 contracts

Sources: Limited Partnership Agreement (Aimco OP L.P.), Limited Partnership Agreement (Aimco Properties L.P.), Limited Partnership Agreement (Aimco OP L.P.)

General Allocations. Subject to the terms of any Partnership Unit Designation, and except as otherwise provided in this Article 6 and subject to Section 11.6C 11.6.C hereof, all Net Income and Net Loss shall be allocated to each of the Holders of Partnership for any relevant Common Units in accordance with their respective Partnership Common Units at the end of each Fiscal Year (or other taxable year or taxable period) will be allocated as follows:Year.

Appears in 5 contracts

Sources: Limited Partnership Agreement (Apartment Investment & Management Co), Limited Partnership Agreement (Apartment Investment & Management Co), Limited Partnership Agreement (Aimco Properties Lp)