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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
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
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
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
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
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 Net Profit and Net Loss and Withdrawing Partner
Net Profit
ORGANIZATIONLeon Black
PERSONReliance
ORGANIZATIONPurchase
LOCATIONthe United States Treasury
LOCATIONFederal, State
ORGANIZATIONthe Person or Persons
ORGANIZATIONthe Treasury Regulations
ORGANIZATIONAccounting Period
ORGANIZATIONOccasioning Dissolution
LOCATION
Wilmington
LOCATIONAllocation of Profits and Losses
ORGANIZATIONAllocation of Profits
ORGANIZATIONEach Partner's
ORGANIZATIONCertificate of Formation
ORGANIZATIONUniform Transfers to Minors Act
ORGANIZATIONthe Offered Interests
ORGANIZATIONthe Offer Price
ORGANIZATIONthe Partnership for Federal
ORGANIZATIONBusiness of the Partnership
ORGANIZATION