Allocation of Net Income and Net Losses Sample Clauses

Allocation of Net Income and Net Losses. All items of income, gain, expense, loss, deduction and credit of the Fund from operations and in the ordinary course of operation of Fund Property shall be allocated among the Shareholders in accordance with Article 4.

Allocation of Net Income and Net Losses. Net Income and Net Losses shall be allocated annually among the Members based on their Percentage Interests as reflected on Schedule A.

Allocation of Net Income and Net Losses. Net Income and Net Loss for accounting purposes for each fiscal quarter and all items of net profits or net losses and credits for tax purposes for each quarter shall be allocated to the Partners as set forth in Article V of the Limited Partnership Agreement. Net Income and Net Loss will be allocated one percent (1%) to the General Partners and ninety-nine percent (99%) to the Limited Partners.

Allocation of Net Income and Net Losses. From and after the date of this Agreement, the Net Income and Net Losses of the LLC for each calendar year or fraction thereof shall be allocated to the Capital Accounts of the Members in accordance with their Percentage Interests.

Allocation of Net Income and Net Losses. Except as provided in Section 704 of the Code and regulations promulgated thereunder, Net Income and Net Losses and each item of income, gain, loss and deduction entering into the computation thereof, for each fiscal year of the Partnership shall be allocated to the Partners as follows: (a) Net Income received from Liquid Investments shall be allocated to the Partners in accordance with each Partner's Participation Percentage. (b) All other Net Income and all Net Losses shall be allocated to the Partners as follows: (1) Net Income, and a pro rata percentage of each item of gross income or deduction (capital and/or ordinary) entering into the computation thereof, shall be allocated in the following order of priority: (A) First, to the Partners, until an amount equal to the excess of (i) all Net Losses previously allocated to each Partner pursuant to Section 4.2(b)(2)(B) over (ii) the total amount of Net Income previously allocated to the Partners pursuant to this Section 4.2(b)(1)(A) has been allocated in proportion to each Partner's share of such excess of (i) over (ii); and (B) Second (i) 80% to the Partners in accordance with each Partner's Participation Percentage and (ii) 20% to the General Partner. (2) Net Losses, and a pro rata percentage of each item of gross income or deduction (capital and/or ordinary) entering into the computation thereof, shall be allocated in the following order of priority: (A) First, 80% to the Partners in accordance with each Partner's Participation Percentage and 20% to the General Partner, until an amount to the excess of (i) all Net Profits previously allocated to each Partner pursuant to Section 4.2(b)(1)(B) over (ii) the total amount of Net Losses previously allocated to the Partners pursuant to this Section 4.2(b)(2)(A), has been allocated among the Partners in proportion to each Partner's share of such excess of (i) over (ii); and (B) Second, any additional Net Losses shall be allocated among the Partners in proportion to their Capital Contributions.

Allocation of Net Income and Net Losses. The net income and net losses for any fiscal year or partial fiscal year shall be allocated to the Member.

Allocation of Net Income and Net Losses. Except as otherwise provided in Section 7.2 or otherwise in this Agreement, Net Income and Net Losses and, to the extent necessary, individual items of income, gain, loss or deduction of the Partnership for each Allocation Period shall be allocated among the Partners in a manner such that, after giving effect to the special allocations set forth in Section 7.2, the Capital Account of each Partner, immediately after making such allocation, is, as nearly as possible, equal (proportionately) to (i) the distributions that would be made to such Partner pursuant to Section 6.1 (and to Starwood (or directly to SRP Sub, LLC if so directed by Starwood) pursuant to Section 6.5) if the Partnership were dissolved, its affairs wound up and its assets sold for cash equal to their Gross Asset Value, all Partnership liabilities were satisfied (limited with respect to each nonrecourse liability to the Gross Asset Value of the assets securing such liability), and the net assets of the Partnership were distributed in accordance with Section 6.1 (and to Starwood (or directly to SRP Sub, LLC if so directed by Starwood) pursuant to Section 6.5) (taking into account any adjustments to amounts distributed or distributable to the Partners in accordance with Section 6.4) to the Partners immediately after making such allocation, minus (ii) such Partner’s share of Minimum Gain (including Minimum Gain attributable to Partner Nonrecourse Debt), computed immediately prior to the hypothetical sale of assets. Notwithstanding the foregoing, the General Partner may make such allocations as it deems reasonably necessary to give economic effect to the provisions of this Agreement taking into account such facts and circumstances as the General Partner deems reasonably necessary or appropriate for this purpose.

Allocation of Net Income and Net Losses. 4.1 Definition of Net Income and Net Losses. "Net Income" shall mean the excess of income and gain over expenses of the Partnership for Federal income tax purposes and "Net Losses" shall mean the excess of expenses and losses over income and gain of the Partnership for Federal income tax purposes, after taking into account all income, gain, expenses and losses incurred in connection with the Partnership's investments in Securities, including, but not limited to, gains and losses from the sale or other disposition of Securities. Net Income and Net Losses shall be determined in accordance with the method of accounting used by the Partnership for federal income tax reporting purposes, consistently applied.

Allocation of Net Income and Net Losses. After giving effect to the special allocations set forth in Paragraph 1.3 below, Net Income and Net Losses of the Company for each Fiscal Year will be allocated to the Members in accordance with their respective Percentage Interests.

Allocation of Net Income and Net Losses. Net income and net losses shall be allocated annually among the Members in proportion to their units of membership.