Common use of Ordering Rules Clause in Contracts

Ordering Rules. For purposes of Article V hereof, the following -------------- ordering rules shall apply: (a) First, all distributions of Distributable Cash under Article IV shall be deemed to have been made. (b) Next, Operating Profits and Operating Losses and items other than Gain and Loss shall be allocated in accordance with Article V hereof. (c) Finally, Gain or Loss from the sale or other disposition of Partnership property shall be allocated in accordance with this Article V.