Allocation of Net Profit or Net Loss Sample Clauses

Allocation of Net Profit or Net Loss. Except as otherwise necessary in connection with a liquidation or dissolution of the Partnership or as required pursuant to the terms of any Preferred Interests:
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Allocation of Net Profit or Net Loss. (i) For each fiscal year in which there is a net profit in the Partnership, such net profit shall be allocated as of the last day of each year in which there is a net profit to the Partners ratably in accordance with their respective Percentage Interests. For each fiscal year in which there is a net loss in the Partnership, such net loss shall be allocated as of the last day of each Partnership year in which there is a net loss to the Partners ratably in accordance with their respective Percentage Interests.
Sample 1
Allocation of Net Profit or Net Loss. (a) Net Profit, Net Loss, credits, and all items thereof for a Fiscal Year (or a Fiscal Period) shall be allocated among the Members in accordance with their respective Percentage Interests as of the last day of such Fiscal Year or Fiscal Period.
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Allocation of Net Profit or Net Loss. At all such times as the Company ------------------------------------ shall have two or more Members:
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Allocation of Net Profit or Net Loss. After giving effect to any Regulatory Allocations, all items of income, gain, loss and deduction comprising the Net Profit or Net Loss of the Partnership for each fiscal year or other taxable period following the Effective Date of this Agreement will be allocated as follows:
Sample 1
Allocation of Net Profit or Net Loss. Except as provided in Section 7.6, all items of profit, loss, deduction and credit for each Fiscal Year (or portion thereof) shall be allocated among the Members (and credited or debited to their Capital Accounts as provided in Treas. Reg. ss. 1.704-1(b)(2)(iv)) in the proportion that the number of Membership Units held by a Member bears to the total number of Membership Units held by all of the Members.
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Allocation of Net Profit or Net Loss 
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Related to Allocation of Net Profit or Net Loss

  • Allocation of Net Profits and Net Losses As of the last day of each Fiscal Period, any Net Profits or Net Losses for the Fiscal Period shall be allocated among and credited to or debited against the Capital Accounts of the Members in accordance with their respective Investment Percentages for such Fiscal Period.

  • Allocation of Net Income and Net Loss Net Income or Net Loss of the Partnership shall be determined as of the end of each calendar year and as of the end of any interim period extending through the day immediately preceding any (i) disproportionate Capital Contribution, (ii) disproportionate distribution, (iii) Transfer of a Partnership Interest in accordance with the terms of this Agreement, or (iv) Withdrawal Event. If a calendar year includes an interim period, the determination of Net Income or Net Loss for the period extending through the last day of the calendar year shall include only that period of less than twelve (12) months occurring from the day immediately following the last day of the latest interim period during the calendar year and extending through the last day of the calendar year. For all purposes, including income tax purposes, Net Income, if any, of the Partnership for each calendar year or interim period shall be allocated among the Partners in proportion to their respective Partnership Percentages for the calendar year or interim period. In the event of a Net Loss for a particular calendar year or interim period, then, for such calendar year or interim period, the Net Loss for such calendar year or interim period shall be allocated among the Partners in proportion to their respective Partnership Percentages for the calendar year or interim period.

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

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

  • Allocations of Net Profits and Net Losses Except as otherwise set forth herein, Net Profits and Net Losses shall be allocated for each Fiscal Year to the Members in proportion to their respective Capital Accounts.

  • Allocations of Net Income and Net Loss Except as otherwise provided in this Agreement, after giving effect to the special allocations in subparagraph 1(c) and paragraph 2, Net Income, Net Loss and, to the extent necessary, individual items of income, gain, loss or deduction, of the Partnership for each fiscal year or other applicable period of the Partnership shall be allocated among the General Partner and Limited Partners in accordance with their respective Percentage Interests.

  • 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:

  • Allocation of Profit and Loss Article V, Section 5.01 of the Partnership Agreement is hereby deleted in its entirety and the following new Section 5.01 is inserted in its place:

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

  • Allocation of Nonrecourse Deductions Nonrecourse Deductions shall be allocated to the Members in accordance with their respective Percentage Interests.

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