Distributive Share Clause Samples
The Distributive Share clause defines how assets, income, or benefits are allocated among beneficiaries or parties in an agreement, such as a trust or partnership. It typically specifies the proportion or method by which each party receives their share, which may be based on factors like ownership percentage, family relationship, or other criteria set out in the document. This clause ensures a clear and equitable distribution, preventing disputes and confusion over entitlements.
Distributive Share. 5.1 The net operating income and net operating loss of the Joint Venture shall be allocated and shared between the Joint Venture Parties in proportion to their Percentage Ownership Interest indicated above.
Distributive Share. A Member's "Distributive Share" is a fraction or percentage by which the Member's voting rights, allocation of profit and loss, and share of distributions are determined, according to the terms and conditions of this Agreement. The initial Members' initial Distributive Shares are shown in Schedule 1. The Members' Distributive Shares are subject to adjustment as provided in this Agreement.
Distributive Share. The distributive share of Seller's items of income, losses, deductions and credit for the Genesee Units, as computed for tax purposes, shall be allocated between Seller and the Other Partners, based on an interim closing of the books of ▇▇▇▇▇▇▇▇▇ pursuant to Section 706(c)(2) of the Code, as of the Closing. ▇▇▇▇▇▇▇▇▇ shall take such actions as necessary to effect this Section 3.