Allocation of Profits. Profits for any Year shall be allocated in the following order and priority:
(i) First, to any Partner who was allocated Losses after the Capital Account of any other Partner was reduced to zero (0), to the extent of such Losses; provided, however, that in the event that the foregoing applies to more than one Partner, to those Partners pro rata according to the amount of such Losses allocated to each; and
(ii) Second, to the Partners in accordance with their relative Percentage Interests.
Allocation of Profits. After giving effect to the allocations set forth in Section 5.2 and Section 5.3, Profits for any Taxable Year (or other period) shall be allocated to the Members pro rata (based upon the number of Common Units) in accordance with their ownership of Common Units.
Allocation of Profits. (a) After giving effect to the allocations set forth in Sections 8.6 and 8.7, Profits for any fiscal year other than Capital Transactions Gains shall be allocated as follows:
(i) first, Profits and, if necessary, items of gross profit and income, shall be allocated to the holder of the Participation Interest, until the cumulative amount of Profits and items of gross profit and income allocated to such holder pursuant to this Section 8.4(a) with respect to its Participation Interest equals the cumulative amount of distributions made to such holder pursuant to Section 9.1 hereof with respect to its Participation Interest; and
(ii) thereafter, Profits shall be allocated among the Partners in proportion to the number of Partnership Units held by each such Partner.
(b) After giving effect to the allocations set forth in Sections 8.6 and 8.7, Capital Transaction Gains shall be computed separately with respect to each property and each such Capital Transaction Gain shall be allocated among the Partners as follows:
(i) Each Partner that is not an Unaffiliated Limited Partner shall be allocated Capital Transaction Gain in an amount equal to the Percentage Interest attributable to such Partner’s Partnership Units, multiplied by the total amount of such Capital Transaction Gain.
(ii) The remaining amount of such Capital Transaction Gain shall be allocated among the holders of the Participation Interests and the Unaffiliated Limited Partners (A) first, in proportion to, and until each such Partner has been allocated Capital Transaction Gains pursuant to this clause (A) in an amount equal to, the minimum amounts necessary to cause the Capital Account balances of such Partners to be in proportion to the Percentage Interests of such Partners and (B) thereafter, among such Partners in proportion to their respective Percentage Interests.
(c) In the event that the Partnership issues or redeems Partnership Interests pursuant to Article III hereof, the Managing General Partner shall make such revisions to the method of allocating Profits in this Section 8.4 as it determines are necessary to reflect the terms of the issuance or redemption of Partnership Interests, including such revisions as are needed to ensure that such allocations (i) will comply with the terms of Regulation Sections 1.704-1 and -2, (ii) will properly reflect the varying interests of the Partners in the Partnership, and (iii) will cause the Capital Accounts of the Partners in respect of Partnership Interest...
Allocation of Profits. After giving effect to Sections 5.6, 5.7 and any special allocations required thereunder, Profits of the Company shall be allocated to the Members according to their Percentage of Membership Units.
Allocation of Profits. After giving effect to the special allocations set forth in Sections 3.3 and 3.4 hereof, Profits for any fiscal year or other shorter period shall be allocated among Members in accordance with their respective Percentage Shares.
Allocation of Profits. 24 Section 10.3
Allocation of Profits. After giving effect to the allocations set forth in Section 7.3 of this Agreement, Profits for any fiscal year or other period of the Partnership will be credited to the Capital Accounts of the Partners in the following order of priority:
(a) First, one hundred percent (100%) to the General Partner until the Unallocated Special Profits Amount is reduced to zero, provided that the cumulative amount allocated pursuant to this Section 7.2.1(a) shall not exceed the Available Profits with respect to all Waived Fee Amounts included in the Waived Fee Balance as of the end of such period;
(b) Second, to the Partners, in an amount sufficient to reverse, on a cumulative basis, the cumulative amount of any Losses allocated to the Partners in the current and all prior fiscal years, first pursuant to the proviso after Section 7.2.2(e) of this Agreement and second pursuant to Section 7.2.2(e) of this Agreement, allocated to each Partner in the reverse order and in proportion to the allocation of such Losses to such Partner;
(c) Third, one hundred percent (100%) to the Partners, until the cumulative amount allocated pursuant to this Section 7.2.1(c) for the current and all prior fiscal years is equal to the First Priority Return paid or accrued in the current and all prior fiscal years plus the cumulative amount of any Losses allocated pursuant to Section 7.2.2(d) of this Agreement in the current and all prior fiscal years (which Losses reverse Profits allocated under this Section 7.2.1(c)) allocated to each Partner in proportion to each Partner’s paid or accrued First Priority Return;
(d) Fourth, (A) eighty percent (80%) Pro Rata to the Partners, and (B) twenty percent (20%) to the General Partner, until the cumulative amount allocated to the Partners pursuant to Section 7.2.1(c) of this Agreement and Section 7.2.1(d)(A) of this Agreement for the current and all prior fiscal years is equal to the paid or accrued Second Priority Return in the current and all prior fiscal years plus the cumulative amount of any Losses allocated pursuant to Section 7.2.2(c) of this Agreement in the current and all prior fiscal years (which Losses reverse Profits allocated under this Section 7.2.1(d)) allocated to each Partner in proportion to each Partner’s paid or accrued Second Priority Return;
(e) Fifth, (i) fifty percent (50%) Pro Rata to the Partners, and (ii) fifty percent (50%) to the General Partner until the General Partner has been allocated pursuant to this Section 7.2.1(e)(ii) ...
Allocation of Profits. After giving effect to the Regulatory Allocations set forth in Section 5.3 hereof, Profits for any fiscal year or other period of the Partnership shall be credited to the Capital Accounts of the Partners in the following order of priority:
(a) First, to the Partners in an amount sufficient to reverse the cumulative amount of any Losses allocated to the Partners in all prior fiscal years, first pursuant to the proviso after Section 5.2(c) hereof, and second pursuant to Section 5.2(c) hereof, allocated to each Partner in the order and in proportion to the allocation of such Losses to such Partners;
(b) Second, to the Partners, until the cumulative amount allocated pursuant to this Section 5.1(b) for the current and all prior fiscal years is equal to their cumulative Preferred Return, allocated to each Partner pro rata in proportion to their respective Percentage Interest, plus the cumulative amount of any Losses allocated to them pursuant to Section 5.2(b) hereof in all prior fiscal years (which Losses reverse Profits allocated under this Section 5.1(b)) allocated to each Partner pro rata in proportion to the allocation of such Losses to such Partners;
(c) Thereafter, fifty-six percent (56%) to TRST and (ii) forty-four percent (44%) to Parkway.
Allocation of Profits. AND LOSSES; DISTRIBUTIONS OF CASH FLOW AND CERTAIN PROCEEDS
Allocation of Profits. Profits for each Accounting Period shall be allocated among the Partners in accordance with the positive balances of their Capital Accounts as of the beginning of such Accounting Period.
