Income and Loss. (a) For purposes of maintaining the Capital Accounts and in determining the rights of the Partners and Assignees among themselves and except as provided in Section 5.1(b) with respect to items of income, gain loss and deduction attributable to Terminating Capital Transactions and the provisions of Sections 5.1(c) through (i), 1% of each item of income, gain, loss and deduction (computed in accordance with Section 4.7(b) but subject to adjustment for any allocations required by Sections 5.1(c) through (i)) shall be allocated to the General Partner with the remaining items of income, gain, loss and deduction allocated among the Limited Partners and Assignees as follows:
Income and Loss. “Income” and ‘Loss” shall mean, for each fiscal year or other period, any item of Partnership income, gain, loss or deduction calculated in accordance with U.S. federal income tax accounting principles, with the following adjustments:
Income and Loss. After giving effect and subject to the special allocations set forth in Section 6.3, items of Income and Loss will be allocated as follows:
Income and Loss. All distributions of income and responsibilities for losses shall be based on each Partner's equity interest in the JV.
Income and Loss. See Section 6.1.
Income and Loss. For purposes of maintaining the Capital Accounts and determining the rights of the Members among themselves, after giving effect to the special allocations set forth in Section 7.1(c), any remaining Net Income or Net Loss for any taxable year (or portion thereof) shall be allocated among the Members as follows:
Income and Loss. Except as provided in Sections 5.3 or 5.4, all net income, gains, losses and deductions (or items thereof) for each Taxable Period shall be allocated to the Venturers in accordance with their respective Sharing Ratios.
