Allocation of Net Profits and Net Losses. As of the last day of each Fiscal Period, any Net Profits or Net Losses 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 Investment Percentages for such Fiscal Period.
Allocation of Net Profits and Net Losses. Allocations of Net Profits and Net Losses and, to the extent necessary, individual items of income, gain, loss or deduction related to a Series shall be allocated among the Members of such Series in a manner such that the Capital Mammoth Private Capital, LLC Account of each Member with respect to such Series, as of the last day of such Series’ Fiscal Year (or other period for which Net Profits and Net Losses are allocated), is, as nearly as possible, equal (proportionately) to the distributions that would be made to such Member pursuant to this Article 5 if the Series were dissolved, its affairs wound up, and its assets sold for cash equal to their Carrying Value, all Series liabilities were satisfied (limited with respect to each nonrecourse to the book value of the assets securing such liability), and the net assets of the Series were distributed in accordance with Section 5.5 to the Members immediately after making such allocation, minus any obligation of a Member to return amounts to the Series pursuant to this Agreement, and minus the Member’s “share of partnership minimum gain” as defined in Treasury Regulations Section 1.704-2(g)(1) and such Member’s share of “partner nonrecourse debt minimum gain” as defined in Treasury Regulations Section 1.704-2(i)(5). Notwithstanding the foregoing, in the event the Manager determines that it is necessary or appropriate to modify the manner in which the Capital Accounts or any allocations in respect thereof are computed in order comply with the Code and the Treasury Regulations promulgated thereunder, or to give economic effect to the provisions of this Article 5, the Manager may make such modifications without advance approval of the Members.
Allocation of Net Profits and Net Losses. (a) As of the close of business each day, the Net Profits and Net Losses of each Portfolio shall be determined and allocated to and among the Holders of that Portfolio in proportion to their respective Interests in that Portfolio, determined as of the opening of business on that day.
Allocation of Net Profits and Net Losses. (i) With respect to each Limited Partner, there shall be deducted from the Capital Account of such Limited Partner the Management Fee and the Continuing Compensation, applicable to their Capital Account for such month. The terms Management Fee and Continuing Compensation shall have the meanings ascribed to them in the Partnership’s Memorandum, as from time to time amended.
Allocation of Net Profits and Net Losses. The Net Profits and Net Losses of the Company shall be allocated exclusively to the Member.
Allocation of Net Profits and Net Losses. (a) (i) Net Profits shall first be allocated in the order of, in proportion to, and to the extent of, the excess of prior allocations of Net Losses under SECTION 2.4(b)(ii) below over prior allocations of Net Profits under this SECTION 2.4(a)(i) and, then, (ii) among the Members in proportion to their Ownership Percentages.
Allocation of Net Profits and Net Losses. (a) Subject to the provisions of this Section 3.4, Section 3.5, and Section 3.8, any Net Profit or Net Loss for any Fiscal Period shall be allocated as of the close of such Fiscal Period to the Capital Account of each Participant in proportion to its respective Percentage as of the beginning of such Fiscal Period.