Allocation of Profits Losses and Distributions Sample Clauses

Allocation of Profits Losses and Distributions. The Current Partners hereby waive the provisions of Section 9.6 and Section 9.7 of the Partnership Agreement to the extent necessary to give effect to the transfers and assignments contemplated in the TCPL Purchase Agreements and the NNEIC Purchase Agreements
Sample 1
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Allocation of Profits Losses and Distributions. SECTION 3.1 - CASH DISTRIBUTIONS.
Sample 1
Allocation of Profits Losses and Distributions. All income, gain, credit, deduction, profit and loss of the Partnership for the fiscal year ending December 31, 2001 and allocable to any Partner’s Percentage interest acquired pursuant to the transfers effected by this Assignment and any distributions made with respect thereto shall be allocated among the Assignors and the Assignors on a pro rata basis based on percentage ownership (i) in inspect of the portion of the fiscal year of the Partnership ending on the Effective Date of the Assignment, to the respective Assignor, and (ii) in respect of subsequent periods, to the respective Assignees Allocation of profits, losses and distributions under this Section 13 shall be made within sixty (60) days following December 31, 2001.
Sample 1
Allocation of Profits Losses and Distributions a) The Company may first allocate profit to each Owner for each fiscal year in an amount equal to the total amount distributed to such Owner pursuant to section 9e with respect to such fiscal year. All other profits and losses of the Company for each fiscal year will be allocated among the Owner pro rata in accordance with their Ownership Interests.
Sample 1
Allocation of Profits Losses and Distributions. The Current Partners hereby agree that, for the purposes of Sections 9.6 and 9.7 of the Partnership Agreement, the effective date of the assignment shall be deemed to be June 1, 2017.
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Allocation of Profits Losses and Distributions 
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Related to Allocation of Profits Losses and Distributions

  • Profits Losses and Distributions A. Each Member shall share all profits and losses, pro rata, in proportion to the Member's Interest in the Company. A Member's Interest shall be defined as a Member's pro rata share of ownership in the Company.

  • Allocation of Profits and Losses Distributions Profits/Losses. For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.

  • Allocation of Profits and Losses The Company’s profits and losses shall be allocated to the Member.

  • Allocation of Profits Profits for any Year shall be allocated in the following order and priority:

  • PROFITS/LOSSES For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.

  • Allocation of Profit or Loss All Profit or Loss shall be allocated to the Member.

  • Net Losses After giving effect to the special allocations set forth in Section 6.1(d), Net Losses for each taxable period and all items of income, gain, loss and deduction taken into account in computing Net Losses for such taxable period shall be allocated as follows:

  • Profits and Losses Distributions Until the admission of additional Members, the Original Member shall be entitled to all allocations of LLC profits and losses and to allocations of distributions.

  • Distribution of Profits Any and all net income accruing to the Joint Venture shall be distributed equally to the Parties.

  • Allocations and Distributions The LLC's profits and losses shall be allocated to the Member. At the time determined by a majority of the Managers, the Managers may cause the LLC to distribute to the Member any cash held by it which is neither reasonably necessary for the operation of the LLC nor the performance of its contractual obligations, nor which is in violation of Sections 18-607 or 18-804 of the Act or any contractual agreement binding on the LLC.

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