Common use of Priority Allocation Clause in Contracts

Priority Allocation. The holder of a Class B Unit shall be allocated (i) gross income such that, over the life of the Partnership, the sum of all priority allocations pursuant to this Section 5.2(I) equals (or approaches as nearly as possible) the sum of all Priority Return Amounts distributed pursuant to Section 5.3(A), plus (ii) a further amount of gross income equal to any Priority Return Amount that is expected to be so distributed in the Fiscal Year succeeding the Fiscal Year in which the allocation is being made, to the extent allocable to a Distribution Period or portion thereof that falls within the Fiscal Year preceding the Fiscal Year in which such distribution is expected to occur.