Net Profits from Operations. Except as otherwise provided in this Section 4.2 and subject to Article 7, 8 and 9 hereof, Net Profits from Operations shall be allocated in the following amounts and in the following priorities:
Net Profits from Operations. Except as otherwise required by Sections 4.6, 4.7, and 4.8, all items of Net Profits from Operations, if any, for each Accounting Period, shall be allocated fifteen percent (15%) to the Manager and eighty-five percent (85%) to the Investors in proportion to their respective Ownership Percentages; provided, however, that the Net Profits from Operations allocable to the Investors pursuant to this Section 4.1 shall be allocated among the Investors in the amount of and in proportion to their sharing of the Early Investment Incentive and Advance Distribution until such time that the Investors have been allocated an amount of Net Profits from Operations equal to the Early Investment Incentive and Advance Distribution that such Investors actually received.
Net Profits from Operations. Any net profits with respect to a particular Facility, other than net profits resulting from a sale or other disposition of such Facility, as determined on a quarterly basis, shall be allocated first to the parties to "reverse out" any prior net loss allocations made pursuant to Sections 3.15(a)(ii), (iii) and (iv) hereof in the reverse order made, and then to ALE to "match" any Preferred Equity Return, with any remaining net profit (i.e., any net overall profit in excess of previously allocated losses and ALE's Preferred Equity Return) to be allocated in proportion to the parties' then respective Percentage Interests. That is, any quarterly net profits shall be allocated (i) first, between ALS and ALE to restore any net losses previously allocated to them pursuant to Section 3.15(a)(iv) hereof, in proportion to their relative shares of such net losses; (ii) second, one hundred percent (100%) to ALS to restore any net losses allocated to it pursuant to Section 3.15(a)(iii) hereof; (iii) third, one hundred percent (100%) to ALE to reverse any net losses allocated to it pursuant to Section 3.15(a)(ii) hereof; (iv) fourth, one hundred percent (100%) to ALE to the extent that the total Preferred Equity Return computed through the end of such quarter exceeds the cumulative net profits previously allocated to ALE pursuant to this Section 3.15(c)(iv); and (v) lastly, between ALS and ALE in proportion to their respective Percentage Interests.
Net Profits from Operations. For each taxable year of the Partnership, the sum of (a) all Items of Partnership Income and Gain Required to be Separately Stated, and (b) the excess, if any, of (i) Partnership profits (including for tax purposes, all items of Partnership income and gain other than Items of Partnership Income and Gain Required to be Separately Stated) over (ii) all Partnership losses (including for tax purposes all items of Partnership deduction and loss other than Items of Partnership Deduction and Loss Required to be Separately Stated).
Net Profits from Operations. Any net profits with respect to a particular Facility, other than net profits resulting from a sale or other disposition of such Facility, as determined on a quarterly basis, shall be allocated first to "reverse out" any prior net loss allocations made pursuant to Sections 3.15(a)(ii), (iii) or (iv) hereof in the reverse order made, with any remaining net profit (i.e., any net overall profit in excess of losses previously allocated pursuant to such sections) to be allocated in proportion to the parties' then respective Percentage Interests. That is, any quarterly net profits shall be allocated
