Allocation of Income and Losses. The agreement of the Members concerning the maintenance of capital accounts, allocation of income and loss, and other related tax matters is set forth in EXHIBIT 7-D, attached hereto and made a part hereof.
Allocation of Income and Losses. (a) Allocations
(b) Change in Membership Shares
Allocation of Income and Losses. Income and Losses of the Partnership shall be allocated to the Partners in proportion to their respective Percentage Interests.
Allocation of Income and Losses. All items of Profits and Losses incurred by the Partnership shall be allocated to the Partners as follows: General Partner 1 % Limited Partner 99 %
Allocation of Income and Losses. All items of Profits and Losses incurred by the Company shall be allocated to the Members in accordance with their relative Percentage Interests.
Allocation of Income and Losses. Except as provided in Sections 12.3 through 12.13 hereof, all income and loss for any fiscal year of the Company shall be allocated to the Members in proportion to their Percentage Interests:
Allocation of Income and Losses. The net profits and losses of the Partnership and each item of income, gain, loss, deduction or credit entering into the computation thereof shall, for accounting and tax purposes, be allocated to and between the Partners in proportion to their respective Partnership Percentages.
Allocation of Income and Losses. The income, gains, losses, deductions and credits of the Company for each fiscal year for book purposes, whether taxable or nontaxable, other than as provided in Section 5.3, shall be allocated to each Member's Capital Account in accordance with the following:
(a) First, to Telex all income or gains realized by the Company until the Company has realized income and gains equal to $558,000 in the aggregate, and
(b) Thereafter, to each Member's Capital Account pro rata, in accordance with its respective Membership Percentage Interest.
Allocation of Income and Losses. The income and losses of the Company shall be allocated in accordance with the Members' share of the Member Units as reflected from time to time by the records of the Company. The initial Member Units issued upon the organization of the Company are based upon the agreed value of the contribution as reflected by Schedule A.
Allocation of Income and Losses a. Notwithstanding Section 5.1(a) of the Partnership Agreement, Net Income for each Fiscal Year (or portion thereof) shall be allocated first in an amount of such Net Income to the Partners in proportion to their Class D Amounts until each Partner has been allocated an amount equal to the excess of (i) the aggregate Class D Preferred Returns with respect to such partner for such Fiscal Year (or portion thereof) and for all prior Fiscal Years over (y) the aggregate amount previously allocated to such Partner under this provision. Thereafter Net Income for each Fiscal Year (or portion thereof) shall be allocated in accordance with the provisions of Section 5.1(a) .
b. Notwithstanding Section 5.1(b) of the Partnership Agreement, Net Loss for each Fiscal Year (or portion thereof) shall be allocated first to the partners that have made Class D Capital Contributions, in proportion to their prior allocation of Net Income until such Partners have received Net Loss equal to the Net Income allocated to such Partners for such Fiscal Year (or portion thereof). Thereafter Net Loss for each Fiscal Year (or portion thereof) shall be allocated in accordance with the provisions of Section 5.1(b).
