Common use of Adjustment of Allocations Clause in Contracts

Adjustment of Allocations. In the event that the General Partner reasonably determines that the allocations otherwise required pursuant to Section 5.04 (Allocation of Net Capital Appreciation or Net Capital Depreciation) or Section 5.05(a) (Generally) would not properly reflect the economic arrangement of the Partners or would otherwise cause any inequitable or onerous result for any Partner, then, notwithstanding any provision in this Agreement to the contrary, the General Partner may adjust such allocations in the manner the General Partner reasonably determines to be required to prevent or minimize such result.

Appears in 2 contracts

Sources: Amended and Restated Agreement of Limited Partnership (Apollo IG Core Replacement, L.P.), Limited Partnership Agreement (Apollo IG Core Replacement, L.P.)

Adjustment of Allocations. In the event that the General Partner reasonably determines that the allocations otherwise required pursuant to Section 5.04 6.02 or 6.03 (Allocation of Net Capital Appreciation or Net Capital Depreciation) or Section 5.05(a) (Generallya) would not properly reflect the economic arrangement of the Partners or would otherwise cause any inequitable or onerous result for any Partner, then, notwithstanding any provision in this Agreement to the contrary, the General Partner may adjust such allocations in the such manner as the General Partner reasonably determines to be required to prevent or minimize such result.

Appears in 1 contract

Sources: Limited Partnership Agreement

Adjustment of Allocations. In the event that the General Partner reasonably determines that the allocations otherwise required pursuant to Section 5.04 (Allocation of Net Capital Appreciation 6.02 or Net Capital Depreciation) or Section 5.05(a) (Generally6.03(a) would not properly reflect the economic arrangement of the Partners or would otherwise cause any inequitable or onerous result for any Partner, then, notwithstanding any provision in this Agreement to the contrary, the General Partner may adjust such allocations in the such manner as the General Partner reasonably determines to be required to prevent or minimize such result.

Appears in 1 contract

Sources: Limited Partnership Agreement (Institutional Financial Markets, Inc.)

Adjustment of Allocations. In the event that the General Partner reasonably determines that the allocations otherwise required pursuant to Section 5.04 (Allocation of Net Capital Appreciation or Net Capital Depreciation) or Section 5.05(a) (Generally5.07(a) would not properly reflect the economic arrangement of the Partners or would otherwise cause any inequitable or onerous result for any Partner, then, notwithstanding any provision in this Agreement to the contrary, the General Partner may adjust such allocations in the manner as the General Partner reasonably determines to be required to prevent or minimize such result.

Appears in 1 contract

Sources: Limited Partnership Agreement (Mantle Ridge LP)

Adjustment of Allocations. In the event that the General Partner reasonably determines that the allocations otherwise required pursuant to Section 5.04 (Allocation of Net Capital Appreciation or Net Capital Depreciation) or Section 5.05(a) (Generally) would not properly reflect the economic arrangement of the Partners or would otherwise cause any inequitable or onerous result for any Partner, then, notwithstanding any provision in this Agreement to the contrary, the General Partner may adjust such allocations in the manner as the General Partner reasonably determines to be required to prevent or minimize such result.

Appears in 1 contract

Sources: Limited Partnership Agreement (Clinton Group Inc)