Common use of Section 751 Allocations Clause in Contracts

Section 751 Allocations. Any gain or loss from items described in Section 751(c) or (d) that were previously held by Blackstone Holdings I L.P. will be allocated in a manner that is consistent with Blackstone Holdings I L.P.’s partners’ shares of such gain or loss immediately before the distribution of the Partnership by Blackstone Holdings I L.P.