Common use of Allocation for Net Profit Year Clause in Contracts

Allocation for Net Profit Year. For purposes of this Section 8.1, subject to Section 8.1(d), if the Company has Profits for a Fiscal Year or other period, then (i) Losses will first be allocated to Members whose Capital Accounts are to be reduced as a result of the allocations under Section 8.1(a), in amounts equal to the respective amounts by which such Capital Accounts are to be so reduced, and (ii) Profits and any remaining Losses will be allocated to Members whose Capital Accounts are to be increased as a result of the allocations under Section 8.1(a), in the proportion that the amounts of the increases to be so effected in such Members’ respective Capital Accounts bears to the aggregate amount of the increase to be effected in all such Members’ Capital Accounts as a result of the allocations under Section 8.1(a).

Allocation for Net Profit Year. For purposes of this Section 8.1, subject to Section 8.1(d)) below, if the Company Partnership has Profits for a Fiscal Year or other period, then (i) Losses items of deduction and loss will first be allocated to Members Partners whose Capital Accounts are to be reduced as a result of the allocations under Section 8.1(a)) above, in amounts equal to the respective amounts by which such Capital Accounts are to be so reduced, and (ii) Profits and profits, net of any remaining Losses allocations under clause (i), will be allocated to Members Partners whose Capital Accounts are to be increased as a result of the allocations under Section 8.1(a)) above, in the proportion that the amounts of the increases to be so effected in such Members’ Partners' respective Capital Accounts bears to the aggregate amount of the increase to be effected in all such Members’ Partners' Capital Accounts as a result of the allocations under Section 8.1(a)) above.

Allocation for Net Profit Year. For purposes of this Section 8.1, subject to Section 8.1(d)) below, if the Company has Profits for a Fiscal Year or other period, then (i) Losses losses will first be allocated to Members whose Capital Accounts are to be reduced as a result of the allocations under Section 8.1(a)) above, in amounts equal to the respective amounts by which such Capital Accounts are to be so reduced, and (ii) Profits profits and any remaining Losses losses will be allocated to Members whose Capital Accounts are to be increased as a result of the allocations under Section 8.1(a)) above, in the proportion that the amounts of the increases to be so effected in such Members’ respective Capital Accounts bears to the aggregate amount of the increase to be effected in all such Members’ Capital Accounts as a result of the allocations under Section 8.1(a)) above.