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ship or subject such Partner to any greater proportion of losses which the Partnership may sustain. ARTICLE IV ALLOCATION OF PROFIT AND LOSS 4.1 Allocation of Profits and Losses. 4.1.1 The Partnership's Net Profit and Net Loss for any Accounting Period shall be allocated among the Partners in proportion to their Percentage
l Partners may, but are not required to, redeem the Withdrawing Partner's Partnership Interest, in whole or in part, by distributing assets to such Withdrawing Partner, the fair market value of which is to be determined by the Class B General Partners. If any Partner's Partnership Interest is not completely redeem
ship or subject such Partner to any greater proportion of losses which the Partnership may sustain. ARTICLE IV ALLOCATION OF PROFIT AND LOSS 4.1 Allocation of Profits and Losses. 4.1.1 The Partnership's Net Profit and Net Loss for any Accounting Period shall be allocated among the Partners in proportion to their Percentage
l Partners may, but are not required to, redeem the Withdrawing Partner's Partnership Interest, in whole or in part, by distributing assets to such Withdrawing Partner, the fair market value of which is to be determined by the Class B General Partners. If any Partner's Partnership Interest is not completely redeem
ship or subject such Partner to any greater proportion of losses which the Partnership may sustain. ARTICLE IV ALLOCATION OF PROFIT AND LOSS 4.1 Allocation of Profits and Losses. 4.1.1 The Partnership's Net Profit and Net Loss for any Accounting Period shall be allocated among the Partners in proportion to their Percentage
l Partners may, but are not required to, redeem the Withdrawing Partner's Partnership Interest, in whole or in part, by distributing assets to such Withdrawing Partner, the fair market value of which is to be determined by the Class B General Partners. If any Partner's Partnership Interest is not completely redeem
Entities connected to both Allocation of Profits and Losses and Withdrawing Partner
the Offered Interests
ORGANIZATIONReliance
ORGANIZATIONAccounting Period
ORGANIZATIONAllocation of Profits
ORGANIZATIONthe Person or Persons
ORGANIZATIONthe Treasury Regulations
ORGANIZATIONLeon Black
PERSONPurchase
LOCATIONthe United States Treasury
LOCATIONFederal, State
ORGANIZATIONNet Profit
ORGANIZATIONNet Profit and Net Loss
ORGANIZATIONCertificate of Formation
ORGANIZATIONUniform Transfers to Minors Act
ORGANIZATIONthe Offer Price
ORGANIZATIONOccasioning Dissolution
LOCATIONEach Partner's
ORGANIZATIONthe Partnership for Federal
ORGANIZATIONClass A General Partnership Interests
ORGANIZATIONBusiness of the Partnership
ORGANIZATION