Allocation of Increases and Decreases in Net Worth. Any net increase or decrease in Net Worth during any Fiscal Year (or such other period, as the case may be) shall be allocated as of the end of such Fiscal Year (or such other period, as the case may be) to the Capital Accounts of all Partners in the proportions that each Partner’s Capital Account bore to the sum of the Capital Accounts of all of the Partners as of the beginning of such Fiscal Year (or such other period, as the case may be).
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Samples: Limited Partnership Agreement (Sea Breeze Power Corp), Limited Partnership Agreement (Sea Breeze Power Corp)
Allocation of Increases and Decreases in Net Worth. Any net increase or decrease in Net Worth during any Fiscal Year (or such other period, as the case may be) shall be allocated as of the end of such Fiscal Year (or such other period, as the case may be) to the Capital Accounts of all Partners in the proportions that each Partner’s 's Capital Account bore to the sum of the Capital Accounts of all of the Partners as of the beginning of such Fiscal Year (or such other period, as the case may be).
Appears in 1 contract
Samples: Limited Partnerhship Agreement
Allocation of Increases and Decreases in Net Worth. (a) Any net increase or decrease in Net Worth during any Fiscal Year month (or such other period, as the case may be) shall be allocated as of the end of such Fiscal Year month (or such other period, as the case may be) to the Capital Accounts of all Partners in the proportions that which each Partner’s Capital Account bore to the sum of the Capital Accounts of all of the Partners as of the beginning of such Fiscal Year month (or such other period, as the case may be).
Appears in 1 contract
Samples: Partnership Agreement