Allocation of Net Income or Net Loss Sample Clauses
Allocation of Net Income or Net Loss. For each Accounting Period, Net Income or Net Loss of the Company, upon approval of the Members, shall be allocated to the Members’ capital accounts in proportion to their ownership of Units.
Allocation of Net Income or Net Loss. The Net Income or Net Loss of the Company, if any, for each Fiscal Year (or portion thereof) shall be allocated by the Company to Interest Holders in proportion to their Percentage Interests.
Allocation of Net Income or Net Loss. (a) As of each Valuation Date, the Trustee or its designee shall subtract all distributions and withdrawals since the previous Valuation Date, add to each Account the amount of the contributions, and allocate the net earnings and gains or losses of the fund based on the individual account activity of each such Participant’s Account during such period pursuant to a share accounting method under which each Participant’s investments in the investment funds shall be accounted for in actual shares purchased by the Plan contributions and allocated to the Participant’s Account. For this purpose, the Trustee or its designee, shall adopt uniform rules which conform to applicable law and generally accepted accounting practices. However, notwithstanding the above, a Participant shall cease to share in any earnings after Plan assets attributable to his Account are transferred into a disbursement account pending sale or liquidation of the Participant’s relevant investment funds and distribution of the proceeds thereof.
(b) If the Plan Administrator determines in making any valuation, allocation, or adding interest to any Account under the provisions of the Plan that the strict application of the provisions of the Plan will not produce an equitable and nondiscriminatory allocation among the Accounts of the Participants, it may modify any procedure specified in the Plan for the purpose of achieving an equitable and nondiscriminatory allocation in accordance with the general concepts of the Plan; provided, however, that any such modification shall not reduce the Participant’s vested Account and shall be consistent with the provisions of Code section 401(a). If the Plan Administrator in good faith determines that certain expenses of administration paid by the Trustee during the Plan Year under consideration are not general, ordinary, and usual and should not equitably be borne by all Participants, but should be borne only by one or more Participants, for whom or because of whom such specific expenses were incurred, the net earnings and adjustments in value of the Accounts shall be increased by the amounts of such expenses, and the Plan Administrator shall make suitable adjustments by debiting the particular Account or Accounts of such one or more Participants; provided, however, that any such adjustment must be nondiscriminatory and consistent with the provisions of Code section 401(a).
(c) As of each Valuation Date, any net income or net loss of the Trust Fund that is not...
Allocation of Net Income or Net Loss. The Net Income or Net Loss, other items of income, gains, losses, deductions and credits, and the taxable income, gains, losses, deductions and credits of the LLC, if any, for each Fiscal Year (or portion thereof) shall be allocated to the Members as provided in the Tax Allocations Addendum.
Allocation of Net Income or Net Loss. A. Net Income, if any, of the Partnership for each calendar year shall be allocated on a monthly basis in the following order of priority:
(i) To each Limited Partner, an amount equal to the product of Net Income times a percentage, calculated annually, which shall equal the product of the following three factors: (a) one-fourth of one percent (.0025) multiplied by (b) the quotient of $1,900,000 divided by the sum of all General Partner’s Adjusted Capital Contribution multiplied by (c) the quotient of the total Capital Contribution of the respective Limited Partner divided by $25,000. This calculation of percentage of participation shall be made at the beginning of each calendar year and used in allocating Net Income earned during the calendar year. This calculation of percentage participation shall be adjusted during the calendar year for any issuance or redemption of such Limited Partner’s Capital Contributions that occur during the calendar year as determined by the Managing Partner. Any monthly Net Income allocation may be adjusted to the extent that the Partnership incurs a Net Loss in any Fiscal Month during the calendar year. Any Net Loss for the year is allocated in accordance with Section 8.1B.
(ii) To each Service Partner (and to any Partner who was formerly a Service Partner in the prior calendar year), an amount of Net Income as determined pursuant to the Service Partner Net Income Allocation Policy.
(iii) To each Subordinated Limited Partner, an amount equal to the product of (a) the then remaining Net Income times (b) a percentage derived by the following formula: (x) 50% of the Capital Contribution of the Subordinated Limited Partner (excluding any undistributed Net Income allocated to the Subordinated Limited Partner) divided by (y) the sum of (aa) 50% of the Capital Contributions of all the Subordinated Limited Partners plus (bb) the sum of all General Partner’s Adjusted Capital Contribution (less any Net Income allocated to the General Partners which is not scheduled to be retained by the Partnership). This formula shall be adjusted during the calendar year for any issuance or redemption of Subordinated Limited or General Partner Capital Contributions that occur during the calendar year as determined by the Managing Partner. In the event the Capital Contribution of a Subordinated Limited Partner has been reduced by the operation of Section 8.1B hereof (the “Reduced Amount”), then each Subordinated Limited Partner shall have the right to m...
Allocation of Net Income or Net Loss. (a) Subject to Section 4.07, the Net Income of the Company, if any, for each Fiscal Year (or portion thereof) shall be allocated to the Members (after reducing their Capital Accounts for all Cash Flow distributed during such Fiscal Year or to be distributed with respect to such Fiscal Year), pro rata, in proportion to their Percentage Interests.
(b) Subject to Section 4.07, the Net Loss of the Company, if any, for each Fiscal Year during the term of this Agreement shall be allocated to the Members in proportion to their Percentage Interests.
Allocation of Net Income or Net Loss. For each Accounting Period, Net Income and Net Loss shall be allocated to the Partners in proportion to the amounts distributed to such Partners pursuant to Section 8.1.
Allocation of Net Income or Net Loss. Except as otherwise provided in this Article VI, the Net Income or Net Loss, other items of income, gains, losses, deductions and credits, and the taxable income, gains, losses, deductions and credits of the LLC, if any, for each Fiscal Year (or portion thereof) shall be allocated to the Members in proportion to their Percentage Interests.
Allocation of Net Income or Net Loss. For purposes of maintaining the Capital Accounts and in determining the rights of the Partners among themselves, Net Income or Net Loss for any taxable year (or portion thereof) shall be allocated among the Partners as follows:
Allocation of Net Income or Net Loss. Except as otherwise provided in Section 6.04, the Net Income or Net Loss, other items of income, gains, losses, deductions and credits, and the taxable income, gains, losses, deductions and credits of the Company, if any, for each Fiscal Year (or portion thereof) shall be allocated to the Members in proportion to their Percentage Interests.