Interim basis. The net profits or losses of the partnership allocable to the limited partners for the calendar years 19__ and 19__ shall be allocated on the basis of an interim closing of the partnership's books on a cash basis on the 19__ admission date, on December 31, 19__, on each monthly admission date in 19__ and on December 31, 19__, and profits or losses for these respective periods shall be allocated as follows: All profits or losses allocable to the limited partners for the period through the 19__ admission date shall be allocated to _________(general partner) in its capacity as the initial limited partner. All profits or losses allocable to the limited partners for the period from the 19__ admission date through December 31, 19__ shall be allocated among the limited partners as follows: (a). Profits or losses for the period from the 19__ admission date through December 31, 19__ shall be allocated to all limited partners admitted into the partnership as of the 19__ admission date in proportion to the ratio which the number of interests owned by each of them bears to the number of interests held by all limited partners as of such date. (b). Profits or losses for the period from January 1, 19__ through the first monthly admission date in 19__ shall be allocated to all limited partners admitted into the partnership as of the 19__ admission date in proportion to the ratio which the number of interests owned by each of them bears to the number of interests held by all limited partners as of that date. (c). Profits or losses for the period from any monthly admission date in 19__ through the next succeeding monthly admission date shall be allocated to all limited partners who were admitted into the partnership at or prior to the preceding monthly admission date in proportion to the ratio which the number of interests owned by each of them bears to the number of interests held by all such limited partners as of that date. (d). Profits or losses for the period from the last monthly admission date in 19__ through December 31, 19__ shall be allocated as follows: First, to and among the limited partners admitted into the partnership in 19__ until the net capital account with respect to each interest purchased in 19__ (taking into account any profits or losses allocated with respect to such interest under subparagraph (c) above) is equal to the net capital account with respect to an interest purchased prior to the 19__ admission date. Thereafter, to all limited partners in proportion to the ratio which the number of interests owned by each of them bears to the number of interests held by all limited partners as of December 31, 19__. Further, in the event profits or losses allocable to the limited partners for the period from the last monthly admission date through December 31, 19__ are insufficient to permit the allocation set forth under "_________" above, profits or losses allocable to the limited partners for any subsequent year first shall be allocated to and among limited partners in accordance with that provision.