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they are acquired from the Partnership and Partnership interests <br /> acquired after the 15th day of the month and by the end of the <br /> month are deemed held on the first day of the month following the <br /> month in which they are acquired from the Partnership. The <br /> transfer of a Partnership interest becomes effective as of the <br /> time specified under Section 10.5. This convention and method of <br /> allocating Profits and Losses may be changed by the General <br /> Partner, with the advice of counsel, to the extent necessary to <br /> comply with Code Section 706 to any other permitted method of <br /> taking into account the varying interests of the Partners in the <br /> Partnership during a year. <br /> 6.3. Gains or Losses on Disposition of Partnership <br /> Property. <br /> Any gain on the disposition of Partnership property shall <br /> be allocated as follows: first to the Limited Partners in <br /> proportion to the negative balances, if any, in their respective <br /> Capital Accounts until the negative balances have been increased <br /> to zero, then to the General Partner until the negative balance, <br /> if any in its Capital Account has been reduced to zero, then to <br /> the General Partner until such time as the Capital Account <br /> balance of the General Partner equals 60% of the sum of the <br /> Capital Account balances of all the Partners, and thereafter 60% <br /> to the General Partner and 40% to the Limited Partners in <br /> proportion to their Percentage Interests. <br /> Any loss on the disposition of Partnership property shall be <br /> allocated to those Partners who have positive Capital Account <br /> balances in accordance with their respective Capital Account <br /> -21- <br />