ALLOCATION OF NET PROFIT AND LOSS. As of the last day of each Fiscal Period, any Net Profit or Net Loss for the Fiscal Period shall be allocated among and credited to or debited against the Capital Accounts of the Members in accordance with their respective Fund Percentages for such Fiscal Period.
ALLOCATION OF NET PROFIT AND LOSS. Subject to Section 5.8 of this Agreement, as of the last day of each Fiscal Period, any Net Profit or Net Loss for the Fiscal Period will be allocated among and credited to or debited against the Capital Accounts of the Partners in accordance with their respective Investment Percentages for the Fiscal Period.
ALLOCATION OF NET PROFIT AND LOSS. Net Profits or Net Losses for each Accounting Period shall be allocated among and credited to or debited against the Capital Accounts of the Members in accordance with their respective Investment Percentages as of the start of such Accounting Period.
ALLOCATION OF NET PROFIT AND LOSS. Subject to Section 7.7 of this Declaration, as of the last day of each Fiscal Period, any Net Profit or Net Loss for the Fiscal Period will be allocated among and credited to or debited against the Capital Accounts of the Shareholders in accordance with their respective Investment Percentages for the Fiscal Period.
ALLOCATION OF NET PROFIT AND LOSS. After giving effect to the special allocations set forth in Section 6.2, the Net Profit or Net Loss of the Company for any Taxable Year or other relevant period shall be allocated among the Members in such manner so that the Capital Account balance of each Member shall, to the greatest extent possible, be equal (proportionately) to (a) the amount that would be distributed to such Member if (i) the Company were to sell the assets of the Company for cash equal to their Book Values, (ii) all Company liabilities were satisfied (limited with respect to each Nonrecourse Liability to the Book Value of the assets securing such liability), (iii) the Company were to dissolve pursuant to Article IX and (iv) the Company were to distribute the net proceeds of sale pursuant to Section 9.5(b) minus (b) such Member’s share of Company Minimum Gain and Member Nonrecourse Debt Minimum Gain, computed immediately prior to the hypothetical sale of assets. Notwithstanding anything in this Agreement to the contrary, the Company shall not treat the Preferred Return as a guaranteed payment or capital shift and shall not allocate any items of gross income to QIC with respect to such amounts.
ALLOCATION OF NET PROFIT AND LOSS. In each fiscal period Net Profit and Net Loss of the Company shall be allocated among the Members (consistent with and subject to the rules stated in Exhibit G) as follows:
ALLOCATION OF NET PROFIT AND LOSS. (a) If any Partner has a negative Capital Account balance at the end of any Fiscal Period, Net Profit for such Fiscal Period shall first be allocated among those Partners (and credited to their capital accounts) with negative capital account balances in proportion to their respective negative capital account balances until such negative balances are reduced to zero. Net Profit (in excess of Net Profit allocated under the preceding sentence) or Net Loss for each Fiscal Period shall be allocated among the Partners (and credited or debited to their Capital Accounts) in such manner that were the Partnership to liquidate completely at the end of such Fiscal Period and in connection with such liquidation (i) sell all of its assets and settle all of its liabilities at their then Book Values (i.e., without any Net Profit or Net Loss resulting therefrom), and (ii) distribute its remaining cash to the Partners in accordance with their respective positive Capital Account balances (after crediting or debiting Capital Accounts for Net Profit or Net Loss for such Fiscal Period) (the "Hypothetical Capital Account Distribution"), the resulting distribution would correspond as closely as possible to the distributions that would result if the liquidating distributions had instead been made in accordance with the provisions of Sections 7.4.1 and 7.4.2 (the "Hypothetical Section 7.4 Distribution"). For purposes of maintaining the Capital Accounts, items of income, gain, loss, deduction, expense and credit shall be allocated to the Partners in the same manner as are Net Profits and Net Losses, except where otherwise necessary to more closely conform the Hypothetical Capital Account Distribution with the Hypothetical Section 7.4
ALLOCATION OF NET PROFIT AND LOSS. For each taxable year that the Company is treated as a partnership for U.S. federal income tax purposes, as of the last day of each Fiscal Period, any Net Profit or Net Loss for the Fiscal Period shall be allocated among and credited to or debited against the Capital Accounts of the Members in accordance with each Member’s Membership Percentage for such Fiscal Period.
ALLOCATION OF NET PROFIT AND LOSS. As of the last day of each Fiscal Period, any Net Profit or Net Loss for the Fiscal Period shall be allocated among and credited to or debited against the Capital Accounts of the Members in accordance with their respective Master Fund Percentages for such Fiscal Period.
ALLOCATION OF NET PROFIT AND LOSS. In General ----------------------------------------------
