DETERMINATION OF INCOME AND LOSS. At the end of each Fiscal Year, and at such other times as the Fund shall deem necessary or appropriate, each item of Fund income, gain, expense, loss, deduction and credit shall be determined for the period then ending and shall be allocated to the Capital Account of each Shareholder in accordance with this Agreement. With respect to the admission of Shareholders, the Fund will use the "interim closing date" method of accounting as permitted by the Regulations.
DETERMINATION OF INCOME AND LOSS. At the end of each Partnership fiscal year, and at such other time as the General Partner shall deem necessary or appropriate, each item of Partnership income, expense, gain, loss and deduction shall be determined for the period then ending and shall be allocated among the Partners in accordance with the applicable Sharing Percentages as set forth in Article IV.
DETERMINATION OF INCOME AND LOSS. At the end of each fiscal year of the Venture, or at such other time as the Partners shall deem necessary or appropriate, each item of income, expense, gain, loss and deduction of the Venture shall be determined for the period then ending and shall be allocated to the Capital Account of each Partner in accordance with the provisions hereof. in determining the Distributions of Net Cash Flow for purposes of allocating Profits in each Venture fiscal year, the Net Cash Flow available for distribution at each fiscal year end which is distributed by the Venture within seventy-five (75) days thereafter shall be deemed allocated to the Partners in said prior fiscal year.
DETERMINATION OF INCOME AND LOSS. The less expensive choice is to hire a business formation service to create your limited partnership. The name of the limited partnership. What Makes a Successful Partnership? Patents,
DETERMINATION OF INCOME AND LOSS. For purposes of this Agreement, the net income or net loss of the Partnership for each Fiscal Year (and items thereof) shall be the net income or net loss of the Partnership for such Fiscal Year (and items thereof) as determined for purposes of Section 704(b) of the Code and the Regulations thereunder.
DETERMINATION OF INCOME AND LOSS. At the end of each fiscal year of the Company, income, gain, loss, deduction and credit (or items thereof) shall be determined for the accounting period then ending and shall be allocated to the Members in accordance with Article 7.1.
DETERMINATION OF INCOME AND LOSS. At the end of each fiscal year of the Partnership, Net Profits and Net Losses shall be determined for the accounting period then ending and shall be allocated to the Partners in accordance with Section 5.1.
DETERMINATION OF INCOME AND LOSS. At the end of each Company fiscal year, and at such other times as the Company shall deem necessary or appropriate, each item of Company income, gain, expense, loss, deduction and credit shall be determined for the period then ending and shall be allocated to the Capital Account of each Interestholder in accordance with the provisions hereof. With respect to the admission of Interestholders, the Company will use the "interim closing date" method of accounting as permitted by Regulations.
DETERMINATION OF INCOME AND LOSS. At the end of each fiscal year of the Partnership, income, gain, loss, deduction and credit (or items thereof) shall be determined by the Managing Partner pursuant to this Agreement for the accounting period then ending and shall be allocated to the Partners in accordance with SECTION 7.1.
DETERMINATION OF INCOME AND LOSS. (a) The income or losses of the Partnership for accounting purposes for each financial period of the Partnership shall be determined by the General Partner in accordance with generally accepted accounting principles applied on a consistent basis from year to year.
