Distribution and Allocations Sample Clauses

Distribution and Allocations. The parties acknowledge and agree that notwithstanding the effective date of the Merger, Outback shall be entitled to ROWE▇▇, ▇▇C.'s entire share of Partnership distributions of cash flow, and shall be allocated ROWE▇▇, ▇▇C.'s shares of profit and loss, from and after June 1, 2000.

Distribution and Allocations. 40 SECTION 6.1

Distribution and Allocations. The parties acknowledge and agree that notwithstanding the effective date of the Merger, Outback shall be entitled to WAI's entire share of Partnership distributions of cash flow, and shall be allocated WAI's shares of profit and loss, from and after April 1, 1997. 11

Distribution and Allocations. The parties acknowledge and agree that notwithstanding the effective date of the Merger, Outback shall be entitled to JKI's entire share of Partnership distributions of cash flow, and shall be allocated JKI's shares of profit and loss, from and after January 1, 1999.

Distribution and Allocations. The parties acknowledge and agree that notwithstanding the effective date of the Merger, Outback shall be entitled to ARG's entire share of Partnership distributions of cash flow, and shall be allocated ARG's shares of profit and loss, from and after December 1, 1997.

Distribution and Allocations. The parties acknowledge and agree that notwithstanding the effective date of the Merger, Outback shall be entitled to Songlines's entire share of Partnership distributions of cash flow, and shall be allocated Songlines's shares of profit and loss, from and after October 1, 1997.

Distribution and Allocations. The parties acknowledge and agree that notwithstanding the effective date of the Merger, Carrabba's shall be entitled to JVP CORP's entire share of Partnership distributions of cash flow, and shall be allocated JVP CORP's shares of profit and loss, from and after April 1, 2001.

Distribution and Allocations. The parties acknowledge and agree that notwithstanding the effective date of the Merger, Outback shall be entitled to HAI's entire share of Partnership distributions of cash flow, and shall be allocated HAI's shares of profit and loss, from and after November 1, 1997.

Distribution and Allocations. Capital Accounts. Each Series shall be accounted for separately, as if it were a separate partnership. A capital account shall be established for each Interest Holder of each Series on the books of the Trust (such account sometimes hereinafter referred to as a “book capital account”). The initial balance of each Interest Holder’s book capital account for a Series shall be the amount of his initial Capital Contribution to such Series. Each Interest Holder’s capital account shall be maintained in accordance with the Treasury Regulations promulgated under Section 704(b) of the Code. — Monthly Allocations. As of the close of business (as determined by the Manager) on the last day of each calendar month during each Fiscal Year of the Trust, the following determinations and allocations shall be made: — First, any increase or decrease in the Net Asset Value of a Series as of such date as compared to the next previous determination of Net Asset Value shall be credited or charged to the book capital accounts of the Interest Holders of such Series in the ratio that the balance of each Interest Holder’s book capital account in such Series bears to the balance of all Interest Holders’ book capital accounts in such Series; and — Next, the amount of any distribution from a Series to be made to an Interest Holder and any amount to be paid to an Interest Holder upon redemption of his Interests in a Series shall be charged to that Interest Holder’s book capital account for such Series as of the applicable record date and Redemption Date, respectively. — Notwithstanding this Section 6.2, if after taking into account any distributions to be made with respect to an Interest Holder for the relevant period pursuant to Section 6.5 hereof, any allocation would produce a deficit in the book capital account for a Series of an Interest Holder, the portion of such allocation that would create such a deficit shall instead be allocated pro rata to the book capital accounts of all the remaining Interest Holders of such Series (subject to the same limitation). — Notwithstanding anything to the contrary in this Trust Agreement, the interest of the Manager in each material item of income, gain, loss and deduction of each Series shall be equal, in the aggregate, to at least one percent (1%) of each such item at all times during the term of this Trust Agreement. This requirement may be modified in the discretion of the Manager if the Manager is advised by tax counsel to the Trust that a prop...