Common use of Profit Clause in Contracts

Profit. After giving effect to the special allocations, if any, required under this Article 6 for the applicable period, and subject to the other provisions of this Section 6.1 and to the allocations to be made with respect to any Preferred Units or additional class or series of Partnership Units established pursuant to Section 4.2, Profits in each taxable year or other allocation period shall be allocated to the Partners’ Capital Accounts in the following order of priority:

Appears in 14 contracts

Samples: Original Agreement (Easterly Government Properties, Inc.), Original Agreement (Easterly Government Properties, Inc.), 1st stREIT Office Inc.

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Profit. (1) After giving effect to the special allocations, if any, required under this Article 6 for the applicable period, and subject to the other provisions of this Section 6.1 and to the allocations to be made with respect to any Preferred Units or additional class or series of Partnership Units established pursuant to Section 4.2, Profits in each taxable year or other allocation period shall be allocated to the Partners’ Capital Accounts in the following order of priority:

Appears in 2 contracts

Samples: DiamondRock Hospitality Co, drhc.com

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Profit. After giving effect to the special allocations, if any, required under this Article 6 for the applicable period, and subject to the other provisions of this Section 6.1 and to the allocations to be made with respect to any Preferred Units or additional class or series of Partnership Units established pursuant to Section 4.2, and further subject to the other provisions of this Section 6.1, Profits in each taxable year or other allocation period shall be allocated to the Partners’ Capital Accounts Partners s in the following order of priority:accordance with their respective Percentage Interests.

Appears in 1 contract

Samples: Cole Real Estate Income Strategy (Daily Nav), Inc.

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