Common use of Allocation Periods Clause in Contracts

Allocation Periods. For purposes of determining the Profits, Losses, or any other items allocable to any period, Profits, Losses, and any such other items shall be determined on a daily, monthly, or other basis, as determined by the General Partner using any permissible method under Code Section 706 and the Regulations thereunder.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Advanced Prosthetics of America, Inc.), Limited Partnership Agreement (JMA Associates, Inc.)