Other Allocations Rules. (a) For purposes of determining the Profits, Losses, or any other items allocable to any period, Profits, Losses, and any such other items shall be determined on a daily, monthly or other basis, as determined by the General Partner using any permissible method under Code Section 706 and the Regulations thereunder.
Other Allocations Rules. (a) In the event additional Partners are admitted to the Partnership on different dates during any fiscal year, or their interests in the Partnership otherwise vary during the year, the Profits (or Losses) may be allocated to the Partners in accordance with Section 706, of the Code, or rules comparable to those allowed by Section 706 of the Code, using any convention permitted by law and selected by the General Partner.
Other Allocations Rules. 3.4.1 The Partners are aware of the income tax consequences of the allocations made by this Article III and hereby agree to be bound by the provisions of this Article III in reporting their shares of Partnership income and loss for income tax purposes.
Other Allocations Rules. (a) For purposes of determining the Profits, Losses or any other items allocable to any period, Profits, Losses and any such other items shall be determined on a daily, monthly or other basis, as determined by the Board using any permissible method under Code Section 706 and the Regulations thereunder.
Other Allocations Rules. 17 4.8 Tax Matters Partner...................................................................17 ARTICLE 5
Other Allocations Rules. (a) Generally, all Profits and Losses allocated to the Limited Partners shall be allocated among them in proportion to their Capital Accounts. In the event more than one Person is a General Partner, Profits and Losses allocated to the General Partners shall be divided among them as they may agree.
Other Allocations Rules. Although it is intended that paragraph 4(a) be the general rule for allocations of book and tax income or loss, such allocations shall be adjusted or modified in any given instance to the extent necessary to comply with Section 704(b) and (c) of the Internal Revenue Code of 1986, as amended (the "Code") and the Treasury Regulations promulgated thereunder. For purpose of determining the profits, losses, or any other items allocable to any period, profits, losses, and any such other items shall be determined on a daily, monthly, or other basis using any permissible method under Code Section 706 and the Treasury Regulations promulgated thereunder; provided, however, that gain or loss from a sale or other taxable disposition of Company property shall be allocable to the period which includes the date that the Sale or other taxable disposition occurred.
Other Allocations Rules. 12 3.6 Tax Allocations: Code Section 704(c)...........................................................13 3.7 Allocations with Respect to Transferred Interests..............................................13 3.8
Other Allocations Rules. Except as otherwise provided in this Agreement, all items of Company income, gain, loss, deduction and any other allocations not otherwise provided for shall be allocated among the Members in the same proportions as they share Profits or Losses, as the case may be, for the year.
Other Allocations Rules. Notwithstanding any provision herein to the contrary, (a) Income, gain, loss, and deduction with respect to contributed assets shall, solely for tax purposes, be allocated among the Partners so as to take account of any variation between the adjusted basis of such property to the Partnership for federal income tax purposes and its initial Gross Asset Value, in accordance with Code Section 704(c) principles and the Treasury Regulations under Code Sections 704(c) and 704(b). Allocations pursuant to this Section 9.6 are solely for purposes of federal, state, and local taxes and shall not affect, or in any way be taken into account in computing, any person’s Capital Account or share of Profits and Losses, other items, or distributions pursuant to any provision of this Agreement.
