Common use of Gross Income Allocation Clause in Contracts

Gross Income Allocation. In the event any Holder has a deficit Capital Account at the end of any Partnership Year which is in excess of the sum of (1) the amount (if any) such Holder is obligated to restore to the Partnership, and (2) the amount such Holder is deemed to be obligated to restore pursuant to Regulations Section 1.704-1(b)(2)(ii)(c) or the penultimate sentences of Regulations Sections 1.704-2(g)(1) and 1.704-2(i)(5), each such Holder shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible, provided, that an allocation pursuant to this Section 6.3.A(v) shall be made if and only to the extent that such Holder would have a deficit Capital Account in excess of such sum after all other allocations provided in this Article 6 have been tentatively made as if this Section 6.3.A(v) and Section 6.3.A(iv) were not in this Agreement.

Gross Income Allocation. In the event any Holder Partner has a deficit Capital Account at the end of any Partnership Year fiscal year which is in excess of the sum of (1a) the amount (if any) such Holder Partner is obligated to restore to the Partnership, Partnership and (2b) the amount such Holder Partner is deemed to be obligated to restore pursuant to Regulations Section 1.704-1(b)(2)(ii)(c) or the penultimate sentences of Regulations Sections 1.704-2(g)(1) and 1.704-2(i)(5), each such Holder Partner shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible, ; provided, that an allocation pursuant to this Section 6.3.A(v) shall be made if and only to the extent that such Holder Partner would have a deficit Capital Account in excess of such sum after all other allocations provided in this Article 6 have been tentatively made as if this Section 6.3.A(v) and Section 6.3.A(iv) were not in this the Agreement.

Gross Income Allocation. In the event any Holder Partner has a deficit Capital Account at the end of any Partnership Year which is in excess of the sum of (1) the amount (if any) such Holder Partner is obligated to restore to the Partnership, and (2) the amount such Holder Partner is deemed to be obligated to restore pursuant to Regulations Section 1.704-1(b)(2)(ii)(c) or the penultimate sentences of Regulations Sections 1.704-2(g)(1) and 1.704-2(i)(5), each such Holder Partner shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible, provided, that an allocation pursuant to this Section 6.3.A(v6.3(v) shall be made if and only to the extent that such Holder Partner would have a deficit Capital Account in excess of such sum after all other allocations provided in this Article 6 have been tentatively made as if this Section 6.3.A(v6.3(v) and Section 6.3.A(iv6.3(iv) were not in this Agreement.

Gross Income Allocation. In the event any Holder Limited Partner has a deficit Capital Account at the end of any taxable year of the Partnership Year which is in excess of the sum of (1) the amount (if any) such Holder is obligated to restore to the Partnership, and (2i) the amount such Holder Partner is obligated to restore, if any, pursuant to any provision of this Agreement, and (ii) the amount such Partner is deemed to be obligated to restore pursuant to Regulations Section 1.704-1(b)(2)(ii)(c) or the penultimate sentences of United States Treasury Regulations Sections 1.704-2(g)(1) and 1.704-2(i)(5), each such Holder Limited Partner shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible, provided, ; provided that an allocation pursuant to this Section 6.3.A(v9.3(c) shall be made only if and only to the extent that such Holder a Limited Partner would have a deficit Capital Account in excess of such sum after all other allocations provided for in this Article 6 IX have been tentatively made as if Section 9.3(b) and this Section 6.3.A(v) and Section 6.3.A(iv9.3(c) were not in this Agreement.

Gross Income Allocation. In the event any Holder has a deficit Capital Account at the end of any Partnership Year fiscal year which is in excess of the sum of (1a) the amount (if any) such Holder is obligated to restore to the Partnership, Partnership and (2b) the amount such Holder is deemed to be obligated to restore pursuant to Regulations Section 1.704-1(b)(2)(ii)(c) or the penultimate sentences of Regulations Sections 1.704-2(g)(1) and 1.704-2(i)(5), each such Holder shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible, ; provided, that an allocation pursuant to this Section 6.3.A(v) shall be made if and only to the extent that such Holder would have a deficit Capital Account in excess of such sum after all other allocations provided in this Article 6 have been tentatively made as if this Section 6.3.A(v) and Section 6.3.A(iv) were not in this the Agreement.

Gross Income Allocation. In the event any Holder has a deficit Capital Account at the end of any Partnership Year fiscal year which is in excess of the sum of (1) the amount (if any) such Holder is obligated to restore to the Partnership, and (2) the amount such Holder is deemed to be obligated to restore pursuant to Regulations Section 1.704-1(b)(2)(ii)(c) or the penultimate sentences of Regulations Sections 1.704-2(g)(1) and 1.704-2(i)(5), each such Holder shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible, provided, that an allocation pursuant to this Section 6.3.A(v) shall be made if and only to the extent that such Holder would have a deficit Capital Account in excess of such sum after all other allocations provided in this Article 6 have been tentatively made as if this Section 6.3.A(v) and Section 6.3.A(iv) were not in this Agreement.

Gross Income Allocation. In the event any Holder has a deficit Capital Account at the end of any Partnership Year fiscal year which is in excess of the sum of (1a) the amount (if any) such Holder is obligated to restore to the Partnership, and (2b) the amount such Holder is deemed to be obligated to restore pursuant to Regulations Section 1.704-1(b)(2)(ii)(c) or the penultimate sentences of Regulations Sections 1.704-2(g)(1) and 1.704-2(i)(5), each such Holder shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible, provided, that an allocation pursuant to this Section 6.3.A(v) shall be made if and only to the extent that such Holder would have a deficit Capital Account in excess of such sum after all other allocations provided in this Article 6 have been tentatively made as if this Section 6.3.A(v) and Section 6.3.A(iv) were not in this the Agreement.

Gross Income Allocation. In the event any Holder Partner has a deficit Capital Account at the end of any Partnership Year fiscal year which is in excess of the sum of (1a) the amount (if any) such Holder Partner is obligated to restore to the Partnership, Partnership and (2b) the amount such Holder Partner is deemed to be obligated to restore pursuant to Regulations Section 1.704-1(b)(2)(ii)(c) or the penultimate sentences of Regulations Sections 1.704-2(g)(1) and 1.704-2(i)(5), each such Holder Partner shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible; provided that, provided, that an allocation pursuant to this Section 6.3.A(v) shall be made if and only to the extent that such Holder Partner would have a deficit Capital Account in excess of such sum after all other allocations provided in this Article 6 have been tentatively made as if this Section 6.3.A(v) and Section 6.3.A(iv) were not in this the Agreement.

Gross Income Allocation. In the event any Holder has a deficit Capital Account at the end of any Partnership Year which is in excess of the sum of (1) the amount (if any) such Holder is obligated to restore to the Partnership, and (2) the amount such Holder is deemed to be obligated to restore pursuant to Regulations Section 1.704-1(b)(2)(ii)(c) or the penultimate sentences of Regulations Sections 1.704-2(g)(1) and 1.704-2(i)(5), each such Holder shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible, provided, that an allocation pursuant to this Section 6.3.A(v6.3.C(v) shall be made if and only to the extent that such Holder would have a deficit Capital Account in excess of such sum after all other allocations provided in this Article 6 have been tentatively made as if this Section 6.3.A(v6.3.C(v) and Section 6.3.A(iv6.3.C(iv) were not in this Agreement.

Gross Income Allocation. In the event any Holder has a deficit Capital Account at the end of any Partnership Year fiscal year which is in excess of the sum of (1a) the amount (if any) such Holder is obligated to restore to the Partnership, Partnership and (2b) the amount such Holder is deemed to be obligated to restore pursuant to Regulations Section 1.704-1.704- 1(b)(2)(ii)(c) or the penultimate sentences of Regulations Sections 1.704-2(g)(1) and 1.704-2(i)(5), each such Holder shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible, ; provided, that an allocation pursuant to this Section 6.3.A(v) shall be made if and only to the extent that such Holder would have a deficit Capital Account in excess of such sum after all other allocations provided in this Article 6 have been tentatively made as if this Section 6.3.A(v) and Section 6.3.A(iv) were not in this the Agreement.

Gross Income Allocation. In the event any Holder has a deficit Capital Account at the end of any Partnership Year fiscal year which is in excess of the sum of (1) the amount (if any) such Holder is obligated to restore to the Partnership, and (2) the amount such Holder is deemed to be obligated to restore pursuant to Regulations Section 1.704-1(b)(2)(ii)(c) or the penultimate sentences of Regulations Sections 1.704-2(g)(1) and 1.704-2(i)(5), each such Holder shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible, provided, provided that an allocation pursuant to this Section 6.3.A(v) shall be made if and only to the extent that such Holder would have a deficit Capital Account in excess of such sum after all other allocations provided in this Article 6 have been tentatively made as if this Section 6.3.A(v) and Section 6.3.A(iv) were not in this the Agreement.

Gross Income Allocation. In the event any Holder Partner has a deficit Capital Account at the end of any Partnership Year fiscal year which is in excess of the sum of (1) the amount (if any) such Holder Partner is obligated to restore to the Partnership, and (2) the amount such Holder Partner is deemed to be obligated to restore pursuant to Regulations Section 1.704-1(b)(2)(ii)(c) or the penultimate sentences of Regulations Sections 1.704-2(g)(1) and 1.704-2(i)(5), each such Holder Partner shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible, provided, that PROVIDED THAT an allocation pursuant to this Section 6.3.A(v6.3(a)(v) shall be made if and only to the extent that such Holder Partner would have a deficit Capital Account in excess of such sum after all other allocations provided in this Article 6 have been tentatively made as if this Section 6.3.A(v6.3(a)(v) and Section 6.3.A(iv6.3(a)(iv) were not in this the Agreement.

Gross Income Allocation. In the event any Holder Partner has a ----------------------- deficit Capital Account at the end of any Partnership Year fiscal year which is in excess of the sum of (1) the amount (if any) such Holder Partner is obligated to restore to the Partnership, and (2) the amount such Holder Partner is deemed to be obligated to restore pursuant to Regulations Section 1.704-1(b)(2)(ii)(c) or the penultimate sentences of Regulations Sections 1.704-2(g)(1) and 1.704-2(i)(5), each such Holder Partner shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible, provided, that an allocation -------- pursuant to this Section 6.3.A(v) shall be made if and only to the extent that such Holder Partner would have a deficit Capital Account in excess of such sum after all other allocations provided in this Article 6 have been tentatively made as if this Section 6.3.A(v) and Section 6.3.A(iv) were not in this the Agreement.

Gross Income Allocation. In the event any Holder has a ----------------------- deficit Capital Account at the end of any Partnership Year fiscal year which is in excess of the sum of (1a) the amount (if any) such Holder is obligated to restore to the Partnership, and (2b) the amount such Holder is deemed to be obligated to restore pursuant to Regulations Section 1.704-1(b)(2)(ii)(c) or the penultimate sentences of Regulations Sections 1.704-2(g)(1) and 1.704-2(i)(5), each such Holder shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible, provided, that an allocation -------- pursuant to this Section 6.3.A(v) shall be made if and only to the extent that such Holder would have a deficit Capital Account in excess of such sum after all other allocations provided in this Article 6 have been tentatively made as if this Section 6.3.A(v) and Section 6.3.A(iv) were not in this the Agreement.

Gross Income Allocation. In the event any Holder Partner has a deficit Capital Account at the end of any Partnership Year fiscal year which is in excess of the sum of (1) the amount (if any) such Holder Partner is obligated to restore to the Partnership, and (2) the amount such Holder Partner is deemed to be obligated to restore pursuant to Regulations Section Sec tion 1.704-1(b)(2)(ii)(c) or the penultimate sentences of Regulations Sections 1.704-2(g)(1) and 1.704-2(i)(5), each such Holder Partner shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible, provided, that PROVIDED THAT an allocation pursuant to this Section 6.3.A(v) shall be made if and only to the extent that such Holder Partner would have a deficit Capital Account in excess of such sum after all other allocations provided in this Article 6 have been tentatively made as if this Section 6.3.A(v) and Section 6.3.A(iv) were not in this the Agreement.

Gross Income Allocation. In the event any Holder Partner has a deficit Capital Account at the end of any Partnership Year which is in excess of the sum of (1i) the amount (if any) such Holder Partner is obligated to restore to the Partnership, and (2ii) the amount such Holder Partner is deemed to be obligated to restore pursuant to Regulations Section 1.704-1(b)(2)(ii)(c) or the penultimate sentences of Regulations Sections 1.704-2(g)(12(g)(l) and 1.704-2(i)(5), each such Holder Partner shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible, provided, that an allocation pursuant to this Section 6.3.A(v6.3.A(5) shall be made if and only to the extent that such Holder Partner would have a deficit Capital Account in excess of such sum after all other allocations provided in this Article 6 have been tentatively made as if this Section 6.3.A(v6.3.A(5) and Section 6.3.A(iv6.3.A(4) were not in this Agreement.