Change in Percentage Interests. Notwithstanding the foregoing, in the event any Partner's Residual Percentage changes during a fiscal year for any reason, the allocations of taxable income or loss under this Article 3, and distributions, shall be adjusted as necessary to reflect the varying interests of the Partners during such year using an interim closing of the books method as of the date of such change, or such other method as is reasonably Approved by the General Partner.
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Samples: Limited Partnership Agreement (3100 Glendale Joint Venture), Limited Partnership Agreement (3100 Glendale Joint Venture), Limited Partnership Agreement (3100 Glendale Joint Venture)
Change in Percentage Interests. Notwithstanding the foregoing, in the event any Partner's Residual Percentage Interest changes during a fiscal year for any reasonreason other than an adjustment thereof pursuant to Section 2.2.2.1, including the Transfer of any interest in the Partnership, the allocations of taxable income or loss under this Article 3, and distributions, shall be adjusted as necessary to reflect the varying interests of the Partners during such year using an interim closing of the books method as of the date of such change, or such other method as is reasonably Approved by the General PartnerPartners.
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