Common use of Profit and Loss Clause in Contracts

Profit and Loss. Subject to any other provisions of this Agreement, the net profits and losses of the Partnership, for both accounting and tax purposes, will accrue to and be borne by the Partners in proportion to the Partners Capital Contributions inclusive of any Additional Capital Contributions (hereinafter referred to as the “Profit and Loss Distribution”).

Profit and Loss. Subject to any other provisions of this Agreement, the net profits and losses of the Partnership, for both accounting and tax purposes, will accrue to and be borne by the Partners in equal proportions unless an Additional Capital Contribution has been made which changed the Initial Capital Contribution proportions of the Partners in which case each Partner will share in the net profit and losses of the Partnership in proportion to the Partners Capital Contributions inclusive of any Additional new Capital Contributions (hereinafter referred to as the “"Profit and Loss Distribution”").

Profit and Loss. 14. Subject to any other provisions of this Agreement, the net profits and losses of the Partnership, for both accounting and tax purposes, will accrue to and be borne by the Partners in proportion to the Partners Capital Contributions inclusive of any Additional Capital Contributions equal proportions (hereinafter referred to as the “Profit and Loss Distribution”).