Common use of Allocation of Net Profits Clause in Contracts

Allocation of Net Profits. The Series B Preferred Interests shall be entitled to receive an allocation of Net Profits, for purposes of Section A.4.1(b) of the Appendix, equal to a preferred return (the "Preferred Return") on the Series B Preferred Interests in an amount equal to the lesser of (i) Allocated Net Profits, as hereinafter defined, or (ii) ten percent (10%) per annum determined on the basis of a year of 365 or 366 days, as the case may be, for the actual number of days occurring in the period for which the Preferred Return is being determined, of the average daily balance the Unreturned Preferred Limited Partner Balance outstanding, if any, from time to time during the period to which the Preferred Return relates, commencing on the date on which the Series B Preferred Limited Partner Contribution is made by the contributing Preferred Limited Partner. The Preferred Return shall be calculated for each six month period as of June 30 and December 31. The Preferred Return shall be treated as a priority return to the holders of the Series B Preferred Interests and shall not constitute a guaranteed payment under Section 707(c) of the Code. "Allocated Net Profits" means Net Profits as allocated under Section A.4.1(a)(i) of the Appendix to the Series B Preferred Interests held by a Preferred Limited Partner.

Allocation of Net Profits. The Series B A Preferred Interests shall be entitled to receive an allocation of Net Profits, for purposes of Section A.4.1(b) of the Appendix, equal to a preferred return (the "Preferred Return") on the Series B A Preferred Interests in an amount equal to the lesser of (i) Allocated Net Profits, as hereinafter defined, or (ii) ten percent (10%) per annum determined on the basis of a year of 365 or 366 days, as the case may be, for the actual number of days occurring in the period for which the Preferred Return is being determined, of the average daily balance of the Unreturned Preferred Limited Partner Balance outstanding, if any, from time to time during the period to which the Preferred Return relates, commencing on the date on which the Series B A Preferred Limited Partner Contribution is was made by the contributing Preferred Limited Partner. The Preferred Return shall be calculated for each six month period as of June 30 and December 31. The Preferred Return shall be treated as a priority return to the holders of the Series B A Preferred Interests and shall not constitute a guaranteed payment under Section 707(c) of the Code. "Allocated Net Profits" means Net Profits as allocated under Section A.4.1(a)(i) of the Appendix to the Series B A Preferred Interests held by a Preferred Limited Partner.

Allocation of Net Profits. The Series B D Preferred Interests shall be entitled to receive an allocation of Net Profits, for purposes of Section A.4.1(b) of the Appendix, equal to a preferred return (the "Preferred Return") on the Series B D Preferred Interests in an amount equal to the lesser of (i) Allocated Net Profits, as hereinafter defined, or (ii) ten nine and one-half percent (109 1/2%) per annum determined on the basis of a year of 365 or 366 days, as the case may be, for the actual number of days occurring in the period for which the Preferred Return is being determined, of the average daily balance the of Unreturned Preferred Limited Partner Balance outstanding, if any, from time to time during the period to which the Preferred Return relates, relates commencing on the date on which the Series B D Preferred Limited Partner Contribution is made by the contributing Preferred Limited Partner. The Preferred Return shall be calculated for each six month period as of June 30 and December 31. The Preferred Return shall be treated as a priority return to the holders of the Series B D Preferred Interests and shall not constitute a guaranteed payment under Section 707(c) of the Code. "Allocated Net Profits" means Net Profits as allocated under Section A.4.1(a)(i) of the Appendix to the Series B D Preferred Interests held by a Preferred Limited Partner.

Allocation of Net Profits. The Series B E Preferred Interests shall be entitled to receive an allocation of Net Profits, for purposes of Section A.4.1(b) of the Appendix, equal to a preferred return (the "Preferred Return") on the Series B E Preferred Interests in an amount equal to the lesser of (i) Allocated Net Profits, as hereinafter defined, or (ii) ten percent (10%) per annum determined on the basis of a year of 365 or 366 days, as the case may be, for the actual number of days occurring in the period for which the Preferred Return is being determined, of the average daily balance of the Unreturned Preferred Limited Partner Balance outstanding, if any, from time to time during the period to which the Preferred Return relatesrelates for the portion of the calendar year for which such calculation is being made), commencing on the date such interests are issued by the Partnership or the date on which the any Series B E Preferred Limited Partner Contribution is made by the contributing Preferred Limited Partner. The Preferred Return shall be calculated for each six month period as of June 30 and December 31. The Preferred Return shall be treated as a priority return to the holders of the Series B E Preferred Interests and shall not constitute a guaranteed payment under Section 707(c) of the Code. "Allocated Net Profits" means Net Profits as allocated under Section A.4.1(a)(i) of the Appendix to the Series B E Preferred Interests held by a Preferred Limited Partner.

Allocation of Net Profits. The Series B C Preferred Interests shall be entitled to receive an allocation of Net Profits, for purposes of Section A.4.1(b) of the Appendix, equal to a preferred return (the "Preferred Return") on the Series B C Preferred Interests in an amount equal to the lesser of (i) Allocated Net Profits, as hereinafter defined, or (ii) ten percent (10%) per annum determined on the basis of a year of 365 or 366 days, as the case may be, for the actual number of days occurring in the period for which the Preferred Return is being determined, of the average daily balance of the Unreturned Preferred Limited Partner Balance outstanding, if any, from time to time during the period to which the Preferred Return relates, commencing on the date on which the Series B C Preferred Limited Partner Contribution is made by the contributing Preferred Limited Partner. The Preferred Return shall be calculated for each six month period as of June 30 and December 31. The Preferred Return shall be treated as a priority return to the holders of the Series B C Preferred Interests and shall not constitute a guaranteed payment under Section 707(c) of the Code. "Allocated Net Profits" means Net Profits as allocated under Section A.4.1(a)(i) of the Appendix to the Series B C Preferred Interests held by a Preferred Limited Partner.