Allocations of Income and Loss. For each taxable year, each holder of Preferred Units will be allocated a portion of the Net Income and Net Loss of the Partnership equal to the portion of the Net Income and Net Loss of the Partnership that would be allocated to such holder pursuant to Article 6 of the Agreement if such holder held a number of Partnership Common Units equal to (i) the number of Preferred Units held by such holder, multiplied by (ii) 0.5. Upon liquidation, dissolution or winding up of the Partnership, the Partnership shall endeavor to allocate income and gain to the holders of the Preferred Units such that the Capital Accounts related to the Preferred Units are equal to their Liquidation Preference.
Allocations of Income and Loss. For each taxable year, (i) each holder of Preferred Units will be allocated net income of the Partnership in an amount equal to the distributions made on such holder's Preferred Units during such taxable year, and (ii) each holder of Preferred Units will be allocated its pro rata share, based on the portion of outstanding Preferred Units held by it, of any net loss of the Partnership that is not allocated to holders of Partnership Common Units or other interests in the Partnership. Upon liquidation, dissolution or winding up of the Partnership, the holders of Preferred Units will be allocated income and gain sufficient to enable them to realize the Liquidation Preference in full.
Allocations of Income and Loss. Subject to the terms of Section 5 hereof, for each taxable year, (i) each holder of Preferred Units will be allocated, to the extent possible, net income of the Partnership in an amount equal to the distributions made on such holder’s Preferred Units during such taxable year, and (ii) each holder of Preferred Units will be allocated its pro rata share, based on the portion of outstanding Preferred Units held by it, of any net loss of the Partnership that is not allocated to holders of Partnership Common Units or other interests in the Partnership.
Allocations of Income and Loss. (a) BOOK ALLOCATIONS. The net income and net loss of the Company shall be allocated entirely to the Capital Account of the Sole Member.
Allocations of Income and Loss. All items of income or loss of the Partnership shall be allocated to the Partners in accordance with the provisions of Exhibit C attached hereto, which are hereby incorporated by reference for all purposes of this Agreement.
Allocations of Income and Loss. (a) Taxable gains shall be first allocated to those Members and Economic Interest Owners, if any, with negative capital accounts, pro rata according to their negative capital accounts, until all such accounts have been returned to zero.
Allocations of Income and Loss. The Company's net taxable income and loss shall be allocated among the Members as set forth in Schedule 4 hereto.
Allocations of Income and Loss. Income and Loss for each year shall ------------------------------ be allocated as follows:
Allocations of Income and Loss. (a) Income shall be first allocated to those Partners and Assignees, if any, with negative Adjusted Capital Account balances, pro rata according to their negative Adjusted Capital Account balances, until all such balances have been returned to zero.
Allocations of Income and Loss. Income and losses of the Partnership shall be allocated and charged to the Capital Accounts of the Partners in accordance with the provisions of the Appendix attached hereto, all the terms of which are incorporated herein by reference.
