Common use of Special Allocations of Net Property Gain Clause in Contracts

Special Allocations of Net Property Gain. Notwithstanding any other provisions of this Sections 5.01, after giving effect to the regulatory allocations in Section 5.01(d) and to the extent not previously allocated pursuant to Section 5.01(d)(ii), but prior to any allocations under Section 5.01(b)(iii), Net Property Gain and, to the extent necessary, individual items of income and gain comprising Net Property Gain of the Partnership, shall be allocated to the AREP Limited Partner, the ARCA III Limited Partner and the ARCA IV Limited Partner, pro rata and pari passu in proportion to, and to the extent of, the cumulative amount of Depreciation allocated to each such Partner pursuant to Section 5.01(c)(i).