PROFITS/LOSSES. For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.
PROFITS/LOSSES. For accounting and tax purposes, the Company's net profits or net losses will be determined annually. As provided in Section 6.03, below, profits and losses will be allocated to the Member in accordance with Treasury Regulation 1.704-1.
PROFITS/LOSSES. For accounting and tax purposes, net profits or net losses shall be determined on an annual basis. Profits and losses will be distributed in proportion to each Member’s relative proportion of total capital in the Company, as set forth in Exhibit 1.
PROFITS/LOSSES. For accounting and tax purposes, net profits or net losses shall be determined on an annual basis. For tax purposes only, the Company shall be treated as a partnership.
PROFITS/LOSSES. (a) Allocation of Income and Loss.
PROFITS/LOSSES. For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Exhibit 3 as amended from time to time in accordance with Treasury Regulation 1.7041.
PROFITS/LOSSES. Tax Credits, Distributions and Capital Accounts59 10.1 Profits, Losses and Tax Credits......................59 10.2 Cash Distributions Prior to Dissolution..............60 10.3
PROFITS/LOSSES. Commencing on the Effective Date and ending upon the termination of the business of the Joint Venture, all profits, losses and other allocations to the Joint Venture shall be allocated as follows at the conclusion of each fiscal year: ▪ [Company] [00]% ▪ [Partner] [00]%
PROFITS/LOSSES. Except as herein before set forth, the percentage interest of the Partners in capital, profit or loss and net cash receipts, for accounting, income tax and cash flow purposes, shall be as follows: Partner Percentage DMK 37% SHP 63% TOTAL 100% If, in any taxable year, the Partnership operates at a taxable profit or has taxable gain, the net cash receipts distributed to the Partner, viewed in the context of the relevant income tax treatment, attributable to said receipts, are composed of varying classifications of income and gains or return of capital items, each Partner participating in the distribution of net cash receipts shall be deemed to participate in each class of character of income or gain or return of capital according to the ratio which the net cash receipts distributed to him and attributable to such item bears to the total of all net cash receipts distributed, and attributable to such item. The net profits or losses of the Partnership shall be credited or charged to the Partners on December 31 each year.
PROFITS/LOSSES. For financial accounting and tax purposes, the net profits or net losses that are generated by EPT operating EWC’s wxx.xxxxx.xxx platform shall be determined on an monthly basis and shall be allocated to the Parties in proportion to the following formula: In consideration of EWC provisioning the pxxxx.xxx platform and for making the above noted OCA, EWC shall receive 75% of the Net Patient Insurance Reimbursements (hereinafter “NPIR”) associated with EPT operating EWC’s wxx.xxxxx.xxx platform and EPT shall receive 25% of the net patient insurance reimbursements. NPIR is calculated to be gross reimbursements received by EPT though the use of EWC’s wxx.xxxxx.xxx platform, less any costs associated with operations related to the wxx.xxxxx.xxx platform by EPT. The initial NPIR payments to EWC will be for the partial or repayments any CAR advances. Once the wxx.xxxxx.xxx platform becomes cash flow positive, EPT will remit to EWC on the 1st of each month a net profit/loss statement and all NPIR fees that are due to EWC by EPT. EWC may elect to allow EPT to retain some operating funds in order to smooth out any cash flow needs by EPT to operate the wxx.xxxxx.xxx platform.
