Allocation of Net Profits. The Net Profits for each fiscal period of the Company shall be allocated to the Members in accordance with the following order of priority:
Allocation of Net Profits. Subject to the provisions of Sections 6.4 and 6.5, Net Profits for any Fiscal Year or other period shall be allocated to the Members according to their Percentage Interests.
Allocation of Net Profits. After giving effect to the special and curative allocations set forth in Section 4.3, Section 4.4 and Section 4.5, Net Profit for each Fiscal Year or part thereof shall be allocated to the Members in the following manner and order of priority:
Allocation of Net Profits. The Series E Preferred Interests shall be entitled to receive an allocation of Net Profits, for purposes of Section A.4.1(b) of the Appendix, equal to a preferred return (the "Preferred Return") on the Series E Preferred Interests in an amount equal to the lesser of (i) Allocated Net Profits, as hereinafter defined, or (ii) ten percent (10%) per annum determined on the basis of a year of 365 or 366 days, as the case may be, for the actual number of days occurring in the period for which the Preferred Return is being determined, of the average daily balance of the Unreturned Preferred Limited Partner Balance outstanding, if any, from time to time during the period to which the Preferred Return relates for the portion of the calendar year for which such calculation is being made), commencing on the date such interests are issued by the Partnership or the date on which any Series E Preferred Limited Partner Contribution is made by the contributing Preferred Limited Partner. The Preferred Return shall be calculated for each six month period as of June 30 and December 31. The Preferred Return shall be treated as a priority return to the holders of Series E Preferred Interests and shall not constitute a guaranteed payment under Section 707(c) of the Code. "Allocated Net Profits" means Net Profits as allocated under Section A.4.1(a)(i) of the Appendix to the Series E Preferred Interests held by a Preferred Limited Partner.
Allocation of Net Profits and Net Losses and Distributions From Cash Available For Distribution.
Allocation of Net Profits. For each fiscal year, the Net Profits of the Company shall be allocated as follows:
Allocation of Net Profits. 4.3.2.1.First, to the Members in an amount sufficient to reverse the cumulative amount of any Net Losses allocated to the Members in the current and all prior Fiscal Years and (in the inverse order of such allocation) which have not been previously offset, in proportion to the allocation of such Net Losses to such Members; and
Allocation of Net Profits. Subject to the provisions of Section 4.10, Net Profits with respect to each Fiscal Year will be allocated among the Partners, pro rata, in proportion to the distributions of Cash Available for Distribution to the Partners with respect to such Fiscal Year (including distributions of Cash Available for Distribution made in a subsequent Fiscal Year with respect to the immediately preceding Fiscal Year for which Net Profits are being allocated); provided, however, that if Net Profits with respect to a Fiscal Year exceed distributions of Cash Available for Distribution with respect to such Fiscal Year, Net Profits with respect to such Fiscal Year shall be allocated in accordance with the ratio in which Cash Available for Distribution would have been distributed had an amount of cash equal to such Net Profits been available for distribution.
Allocation of Net Profits and Net Loss of the Company. Except as otherwise provided in this Article IV, Net Profits and Net Loss of the Company in each Fiscal Year shall be allocated among the Members as follows:
Allocation of Net Profits. After giving effect to the allocations set forth in Sections 7.3 and 7.4, Net Profits for any fiscal year shall be allocated to the Partners in the following order of priority:
