Allocation of Net Profits and Net Losses. (a) Subject to the provisions of this Section 3.4, Section 3.5, and Section 3.8, any Net Profit or Net Loss for any Fiscal Period shall be allocated as of the close of such Fiscal Period to the Capital Account of each Participant in proportion to its respective Percentage as of the beginning of such Fiscal Period.
Appears in 4 contracts
Samples: Investment Management Agreement (Third Point Reinsurance Ltd.), Investment Management Agreement (Third Point Reinsurance Ltd.), Joint Venture and Investment Management Agreement (Third Point Reinsurance Ltd.)
