Profits Losses and Accounting Sample Clauses

Profits Losses and Accounting. 11 Section 5.1 Profits ..................................11 Section 5.2 Accounting ...............................11 Section 5.3 Partners' Accounts .......................12 Section 5.4 Section 754 Elections ....................13
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Profits Losses and Accounting. 12 Section 5.1 Allocation of Profits and Losses . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Section 5.2 Accounting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Section 5.3 Partners' Accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Section 5.4 Section 754 Elections . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 ARTICLE VI POWERS, DUTIES, LIABILITIES, COMPENSATION AND VOTING OF GENERAL PARTNER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Section 6.1 Powers of General Partner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Section 6.2
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Profits Losses and Accounting. 5.1 Allocation of profits and losses:
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Profits Losses and Accounting. 12 Section 5.1
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Profits Losses and Accounting. 22 Section 5.1 ALLOCATION OF PROFITS AND LOSSES 22 Section 5.2 ACCOUNTING 23 Section 5.3 PARTNERS’ CAPITAL ACCOUNTS 24 Section 5.4 SECTION 754 ELECTIONS 26 Section 5.5 SPECIAL ALLOCATION OF GAIN TO LTIP UNITHOLDERS 26 ARTICLE VI POWERS, DUTIES, LIABILITIES, COMPENSATION AND VOTING OF GENERAL PARTNER 27 Section 6.1 POWERS OF GENERAL PARTNER 27 Section 6.2 DELEGATION OF AUTHORITY 30 Section 6.3 DUTIES OF GENERAL PARTNER 30 Section 6.4 LIABILITIES OF GENERAL PARTNER; INDEMNIFICATION 31 Section 6.5 COMPENSATION OF GENERAL PARTNER; REIMBURSEMENT 33 Section 6.6 RELIANCE ON ACT OF GENERAL PARTNER 34 Section 6.7 OUTSIDE SERVICES; DEALINGS WITH AFFILIATES; OUTSIDE ACTIVITIES 34 Section 6.8 ADDITIONAL LOANS TO THE PARTNERSHIP 35 Section 6.9 CONTRIBUTION OF ASSETS 35
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Profits Losses and Accounting. VII.01 Allocations of Taxable Profits and Losses
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Profits Losses and Accounting 
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Related to Profits Losses and Accounting

  • Profits Losses and Distributions A. Each Member shall share all profits and losses, pro rata, in proportion to the Member's Interest in the Company. A Member's Interest shall be defined as a Member's pro rata share of ownership in the Company.

  • 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.

  • Tax and Accounting Consequences (a) It is intended by the parties hereto that the Merger shall constitute a reorganization within the meaning of Section 368 of the Code. The parties hereto adopt this Agreement as a "plan of reorganization" within the meaning of Sections 1.368-2(g) and 1.368-3(a) of the United States Income Tax Regulations.

  • Profits and Losses Distributions Until the admission of additional Members, the Original Member shall be entitled to all allocations of LLC profits and losses and to allocations of distributions.

  • Allocation of Profits and Losses Distributions 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.

  • Funding Losses, Etc All prepayments under this Section 2.05 shall be made together with, in the case of any such prepayment of a Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurocurrency Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of Section 2.05(b), so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurocurrency Rate Loans is required to be made under this Section 2.05(b), prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit the amount of any such prepayment otherwise required to be made thereunder into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05(b). Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall also be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of the outstanding Loans in accordance with this Section 2.05(b).

  • Net Losses After giving effect to the special allocations set forth in Section 6.1(d), Net Losses for each taxable period and all items of income, gain, loss and deduction taken into account in computing Net Losses for such taxable period shall be allocated as follows:

  • Tax and Accounting Treatment Each party to this Agreement acknowledges that it is its intent for purposes of U.S. federal, state and local income and franchise taxes, and for accounting purposes, to treat each Transaction as indebtedness of Seller that is secured by the Purchased Mortgage Loans and that the Purchased Mortgage Loans are owned by Seller in the absence of a Default by Seller. All parties to this Agreement agree to such treatment and agree to take no action inconsistent with this treatment, unless required by applicable Requirements of Law or GAAP.

  • Allocation of Profits and Losses The Company’s profits and losses shall be allocated to the Member.

  • Allocation of Profit or Loss All Profit or Loss shall be allocated to the Member.

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