Allocation of Profit and Loss Distributions. Section 7.01 PROFIT. After giving effect to special allocations set forth in Section 7.03 and Section 7.04, Profit for any Fiscal Year shall be allocated to the Owners in proportion to their respective Sharing Ratios.
Appears in 3 contracts
Samples: Authority And (National Collegiate Student Loan Trust 2005-1), Trust Agreement (National Collegiate Student Loan Trust 2004-1), Trust Agreement (National Collegiate Funding LLC)
Allocation of Profit and Loss Distributions. Section 7.01 PROFITProfit. After giving effect to special allocations set forth in Section 7.03 and Section 7.04, Profit for any Fiscal Year shall be allocated to the Owners in proportion to their respective Sharing Ratios.. Section 7.02
Appears in 2 contracts
Allocation of Profit and Loss Distributions. Section 7.01 PROFITProfit. After giving effect to special allocations set forth in Section 7.03 and Section 7.04, Profit for any Fiscal Year shall be allocated to the Owners in proportion to their respective Sharing Ratios.
Appears in 2 contracts
Samples: Trust Agreement, Authority And (National Collegiate Student Loan Trust 2004-2)
