Allocations for Tax Purposes. All items of income, gains, losses, deductions and credits of the Partnership for each fiscal year will be allocated among the Partners for income tax purposes in a manner that reflects, as closely as possible, the amounts and the components credited or debited to each Partner’s capital account pursuant to this Paragraph 7. Allocations pursuant to this Paragraph 7(c) will not be credited or debited to capital accounts.
Appears in 12 contracts
Samples: Limited Partnership Agreement (Managed Futures Premier Warrington L.P.), Limited Partnership Agreement (Warrington Fund Lp), Limited Partnership Agreement (Warrington Fund Lp)
Allocations for Tax Purposes. All items of income, gains, losses, deductions and credits of the Partnership for each fiscal year will be allocated among the Partners for income tax purposes in a manner that reflects, as closely as possible, the amounts and the components credited or debited to each Partner’s 's capital account pursuant to this Paragraph 7. Allocations pursuant to this Paragraph 7(c) will not be credited or debited to capital accounts.
Appears in 5 contracts
Samples: Limited Partnership Agreement (Smith Barney Aaa Energy Fund Lp /Ny), Limited Partnership Agreement (Citigroup Fairfield Futures Fund Lp Ii), Limited Partnership Agreement (Shlomon Smith Barney Aaa Energy Fund Ii Lp)
