Allocation of Net Profit. After giving effect to the special allocations set forth in Sections 8.2 and 8.3, the Net Profit for any fiscal year of the Company shall be allocated among the Members as follows:
Allocation of Net Profit a. The annual Net Profit from the operation of the Amphitheatre will be divided between MEMI and the City such that the City shall receive the first One Hundred Thousand Dollars ($100,000) from the operation of the Amphitheatre and the remaining Net Profit shall be divided between MEMI and the City such that the City receives an amount equal to sixty percent (60%) of the Net Profit and MEMI receives an amount equal to forty percent (40%) of the Net Profit. “
Allocation of Net Profit. After applying the provisions of Section 5.4 and except as otherwise provided in Section 9.9, Net Profit for any Adjustment Period will be allocated in the following order and priority:
Allocation of Net Profit. Except as otherwise provided in the further provisions of this Article IV, Net Profit of the Company for any fiscal year shall be allocated as follows and in the following order of priority:
Allocation of Net Profit. Net Profit of the Partnership for ------------------------ each fiscal year shall, after giving effect to all Capital Account adjustments attributable to contributions and distributions made during such year, be allocated among the Partners as follows:
Allocation of Net Profit and Net Losses and Distributions in Respect -------------------------------------------------------------------- of Transferred Interest. If any Membership interest is transferred, or is ----------------------- increased or decreased by reason of the admission of a new Member or otherwise, during any Fiscal Year of the Company, each item of income, gain, loss, deduction, or credit of the Company for such Fiscal Year shall be assigned pro rata to each day in the particular period of such Fiscal Year to which such item is attributable (i.e., the day on or during which it is accrued or otherwise included) and the amount of each such item so assigned to any such day shall be allocated to the Member based upon his respective Membership Interest at the close of such day. However, for the purpose of accounting convenience and simplicity, the Company shall treat a transfer of, or an increase or decrease in, a Membership Interest which occur at any time during a semi-monthly period (commencing with the semi-monthly period including the date hereof) as having been consummated on the last day of such semi-monthly period, regardless of when during such semi- monthly period such transfer, increase, of decrease actually occurs (i.e., sales and dispositions made during the first fifteen (15) days of any month will be deemed to have been made on the 15th day of the month). Notwithstanding any provision above to the contrary, gain or loss of the Company realized in connection with a sale or other disposition of any of the assets of the Company shall be allocated solely to the parties owning Membership Interests as of the date such sale or other disposition occurs.
Allocation of Net Profit. The Net Profit for any fiscal period shall be allocated as follows:
Allocation of Net Profit. Net Profit shall be allocated to the Members in proportion to their Percentage Interests.
Allocation of Net Profit and Net Loss, etc. -- General Rule. Except as provided in Section 7.3.3, the Net Profit and Net Loss of the Company shall be allocated
Allocation of Net Profit. AND LOSS As of the last day of each Accounting Period, Net Profits, Net Losses, aggregate Unrealized Gains and/or aggregate Unrealized Losses for the Accounting Period shall be allocated among and credited to or debited against the Capital Accounts of the Members in accordance with their respective Capital Percentages for such Accounting Period.
