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ain, loss and deduction shall be allocated for Federal, state and local income tax purposes among the Partners proportionately to the allocation of Net Profit and Net Loss among the Partners. Notwithstanding the foregoing, solely for Federal, state and local income tax purposes, in accordance with Sections 704(b) and
artners shall determine. "Limited Partner" means any Partner who is not a Class A or Class B General Partner. "Limited Partnership Interest" means the Partnership Interest of a Limited Partner. "Partner" means each Person set forth on Schedule A holding an interest in the Partnership (whether as a General Partner or a Limited Par
ain, loss and deduction shall be allocated for Federal, state and local income tax purposes among the Partners proportionately to the allocation of Net Profit and Net Loss among the Partners. Notwithstanding the foregoing, solely for Federal, state and local income tax purposes, in accordance with Sections 704(b) and
artners shall determine. "Limited Partner" means any Partner who is not a Class A or Class B General Partner. "Limited Partnership Interest" means the Partnership Interest of a Limited Partner. "Partner" means each Person set forth on Schedule A holding an interest in the Partnership (whether as a General Partner or a Limited Par
ain, loss and deduction shall be allocated for Federal, state and local income tax purposes among the Partners proportionately to the allocation of Net Profit and Net Loss among the Partners. Notwithstanding the foregoing, solely for Federal, state and local income tax purposes, in accordance with Sections 704(b) and
artners shall determine. "Limited Partner" means any Partner who is not a Class A or Class B General Partner. "Limited Partnership Interest" means the Partnership Interest of a Limited Partner. "Partner" means each Person set forth on Schedule A holding an interest in the Partnership (whether as a General Partner or a Limited Par
Entities connected to both Net Profit and Net Loss and the Partnership Interest of a Limited
Leon Black
PERSONNet Profit
ORGANIZATIONFederal, State
ORGANIZATIONthe Person or Persons
ORGANIZATIONthe Treasury Regulations
ORGANIZATIONOccasioning Dissolution
LOCATIONthe Offer Price
ORGANIZATIONUniform Transfers to Minors Act
ORGANIZATIONAccounting Period
ORGANIZATIONReliance
ORGANIZATIONAllocation of Profits and Losses
ORGANIZATIONAllocation of Profits
ORGANIZATIONthe Offered Interests
ORGANIZATIONPurchase
LOCATIONEach Partner's
ORGANIZATIONCertificate of Formation
ORGANIZATION
Wilmington
LOCATIONthe United States Treasury
LOCATIONWithdrawing Partner
PERSONElysium Management LLC
ORGANIZATION