Net Termination Gains and Losses. Allocations under this Section 6.1(c) shall be made after Capital Account balances have been adjusted by all other allocations provided under this Section 6.1 for the current and prior taxable periods of the Partnership and for distributions that have been made pursuant to Sections 6.4 and 6.5 but not for distributions made pursuant to Section 12.4.
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Samples: Securities Purchase Agreement (K-Sea Transportation Partners Lp), Operating Agreement (EnLink Midstream, LLC), Operating Agreement (EnLink Midstream Partners, LP)
Net Termination Gains and Losses. Allocations Net Termination Gain or Net Termination Loss for each taxable period shall be allocated in the manner set forth in this Section 6.1(c). All allocations under this Section 6.1(c) shall be made after Capital Account balances have been adjusted by all other allocations provided under this Section 6.1 6.1; provided, however, that solely for the current and prior taxable periods purposes of the Partnership and for distributions that have been made pursuant to Sections 6.4 and 6.5 but this Section 6.1(c), Capital Accounts shall not be adjusted for distributions made pursuant to Section 12.4.
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