Common use of Amount Realized Clause in Contracts

Amount Realized. Amount Realized shall be allocated among the Venturers as follows: (a) to the extent such Amount Realized represents recovery of the simulated adjusted basis in the property, such Amount Realized shall be allocated among the Venturers in the proportion that under Section 8.1 hereof the Venturers were allocated adjusted basis in the property sold; and (b) any such Amount Realized remaining after the allocation in paragraph (a) above shall be allocated among the Venturers in the manner set forth in Section 8.3 hereof.