Allocations of Net Income. Except as otherwise provided herein, Net Income for any Partnership Year or other applicable period shall be allocated in the following order and priority:
Allocations of Net Income. Net Income allocated pursuant to Section 6.1(a) shall be allocated to a Class D Unit to the same extent as such Net Income would be so allocated if such Class D Unit were a Common Unit that was then Outstanding.
Allocations of Net Income. (Loss). Net Income of the Partnership shall be allocated among the Holders in a manner such that the Capital Accounts of each Holder, immediately after making such allocation, is, as nearly as possible, equal (proportionately) to (i) the distributions that would be made to such Holder pursuant to Article 5 hereof if the Partnership was dissolved, its affairs wound up and its assets sold for cash equal to their Gross Asset Value, all Partnership liabilities (including liabilities allocated to the Partnership from an entity treated as a partnership for U.S. federal income tax purposes in which the Partnership was a Holder) were satisfied (limited with respect to each nonrecourse liability to the Gross Asset Value of the assets securing such liability) and the net assets of the Partnership were distributed in accordance with Article 5 hereof to the Holders immediately after making such allocation, minus (ii) any amount such Holder is obligated to contribute to the Partnership and such Holder’s share of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain, computed immediately prior to the hypothetical sale of assets. Notwithstanding the foregoing, the General Partner may make any such allocations as it deems reasonably necessary to give economic effect to the provisions of this Agreement, taking into account such facts and circumstances as the General Partner deems reasonably necessary for this purpose.
Allocations of Net Income. After all allocations have been made pursuant to Sections 4.4 through 4.8, Net Income for any period shall be allocated as follows:
Allocations of Net Income. After giving effect to the special allocations set forth in Sections 6.4 and 6.5, Net Income (excluding the sale of all or substantially all of the Company’s assets or the liquidation of the Company) for any Fiscal Year, including the full 2013 Fiscal Year, shall be allocated for Tax purposes and accounting purposes, as follows:
Allocations of Net Income. During each of the Partnership’s Fiscal Years and upon the dissolution of the Partnership pursuant to the provisions of Article 18, the Net Income (Loss) of the Partnership for each Fiscal Year shall be allocated to the Partners as to 99.999% amongst the Limited Partners and General Partners on a pro rata basis in accordance with distributions received by the Partners in respect of such Fiscal Year as provided in Section 13.1 and 0.001% shall be allocated to the Managing General Partner. In so allocating the Net Income (Loss), the Managing General Partner shall act reasonably and fairly, taking into account the amount and timing of actual and anticipated distributions to each of the Partners, with a view to ensuring that, over the Term of the Partnership, each Partner is allocated a portion of the Partnership’s Net Income that substantially corresponds to the Net Income that is distributed to that Partner.
Allocations of Net Income. Net Income for any taxable period shall be allocated in the following order and amounts:
Allocations of Net Income. Items of Company gross income (but not gain) and Net Income for each Company Year shall be allocated as follows:
Allocations of Net Income. (a) Allocation of Net Income Other than Gain Attributable to a Capital Transaction. After giving effect to the special allocations pursuant to Sections 83, 8.4, and 85, Net Income other than Net Income attributable to a Capital Transaction shall be allocated among the Members in the following order of priority: (i) First, among the Members in proportion to, and to the extent of the excess, if any, of (i) the cumulative Net Losses allocated to such Members pursuant to Section 8.2(a)(iii) for all prior periods, over (ii) the cumulative Net Income allocated to such Members pursuant to this Section 8.1(a)(i) for the current and all prior periods; provided, however, that in the event Emeritus is admitted as a Member of the Company, thereafter this paragraph shall apply solely to cumulative Net Losses and cumulative Net Income allocated to all Members (including Emeritus) after Emeritus's admission to the Company as a Member. (ii) Second, among the Members in proportion to, and to the extent of the excess, if any, of (i) the cumulative Net Losses allocated to such Members pursuant to Section 82(a)(ii) for all prior periods, over (ii) the cumulative Net Income allocated to such Members pursuant to this Section 8.1(a)(ii) for the current and all prior periods; and (iii) Thereafter, among the Members in proportion to their respective Percentage Interests. 9
Allocations of Net Income. Net Income of the Company shall be allocated among the Members as follows:
