Allocation of Profits and Loss Sample Clauses

Allocation of Profits and Loss. (not used)
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Allocation of Profits and Loss. Profits and Losses shall be allocated as follows:
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Allocation of Profits and Loss. Except as may be required by IRC Section 704(c) and Sections 8.2, 8.3 and 8.4, profits and losses shall be allocated among the Members in proportion to their Percentage Interests.
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Allocation of Profits and Loss. All the Venturers intend that, prior to the registration of the Corporation's common stock with the SEC, net profit and loss of the Joint Venture Corporation, after payment of all of the Corporation's current and prior financial obligations, including repayment of loans from Venturers, shall be allocated equally to the among the Venturers partners after the cost of products to be marketed and multimedia expenditures as mutually agreed, on a quarterly basis. The Venturers shall mutually determine an acceptable means for allocating such profits and losses and shall retain sufficient funds in the Corporation to continue operations. No allocation or distribution shall be made until the Venturers are assured that such allocation or distribution will not cause adverse legal or income tax consequences to the Corporation. Once the Corporation's stock is registered with the SEC, all profits and losses shall inure to the benefit of the shareholders in accordance with their stock ownership.
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Allocation of Profits and Loss. Until this Agreement is terminated, the parties shall cause the Corporation's profits and losses to be allocated between CPNM and ROHF so as to provide 50% of all profits and losses to CPNM and 50% of all profits and losses to ROHF, regardless of actual stock ownership. CPNM and ROHF shall direct their designees to the board of directors to determine an acceptable means for allocating profits and losses between the parties as provided herein, while retaining sufficient funds in the Corporation to continue operations. The Corporation shall consult with its auditor and/or legal counsel to determine that any allocation or distribution of profits or losses will not cause adverse legal or income tax consequences to the Corporation. The allocation of profits and losses provided herein shall be effective only until the termination of this Agreement. 5.
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Allocation of Profits and Loss. The Profits and Losses or Profits Interest of the partnership for each Accounting Period commencing with the Accounting Period ending December 31, 2000 will be allocated as shown at Exhibits A and B.
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Related to Allocation of Profits and Loss

  • Allocation of Profits and Losses The Company’s profits and losses shall be allocated to the Member.

  • Allocations of Profits and Losses Except as otherwise provided in this Agreement, Profits and Losses (and, to the extent necessary, individual items of income, gain or loss or deduction of the Partnership) shall be allocated in a manner such that the Capital Account of each Partner after giving effect to the Special Allocations set forth in Section 5.05 is, as nearly as possible, equal (proportionately) to (i) the distributions that would be made pursuant to Article IV if the Partnership were dissolved, its affairs wound up and its assets sold for cash equal to their Carrying Value, all Partnership liabilities were satisfied (limited with respect to each non-recourse liability to the Carrying Value of the assets securing such liability) and the net assets of the Partnership were distributed to the Partners pursuant to this Agreement, minus (ii) such Partner’s share of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain, computed immediately prior to the hypothetical sale of assets. For purposes of this Article V, each Unvested Unit shall be treated as a Vested Unit. Notwithstanding the foregoing, the General Partner shall make such adjustments to Capital Accounts as it determines in its sole discretion to be appropriate to ensure allocations are made in accordance with a partner’s interest in the Partnership.

  • Profits and Losses For financial accounting and tax purposes, the Company’s net profits or net losses shall be determined on an annual basis in accordance with the manner determined by the Board. In each year, profits and losses shall be allocated entirely to the Member.

  • Allocation of Profit or Loss All Profit or Loss shall be allocated to the Member.

  • Allocation of Profit and Loss Article V, Section 5.01 of the Partnership Agreement is hereby deleted in its entirety and the following new Section 5.01 is inserted in its place:

  • Allocation of Profits Profits for any Year shall be allocated in the following order and priority:

  • Allocation of Net Profits and Net Losses As of the last day of each Fiscal Period, any Net Profits or Net Losses for the Fiscal Period shall be allocated among and credited to or debited against the Capital Accounts of the Members in accordance with their respective Investment Percentages for such Fiscal Period.

  • Profits and Losses Distributions The Member shall treat all of the profits and losses of the Company as its own. All distributions shall be made to the Member at times and in amounts determined by the Member or the Board of Managers. The Company shall not make distributions to the Member if such distribution would violate Section 18-607 of the Act.

  • Allocation of Net Income and Net Loss Net Income or Net Loss of the Partnership shall be determined as of the end of each calendar year and as of the end of any interim period extending through the day immediately preceding any (i) disproportionate Capital Contribution, (ii) disproportionate distribution, (iii) Transfer of a Partnership Interest in accordance with the terms of this Agreement, or (iv) Withdrawal Event. If a calendar year includes an interim period, the determination of Net Income or Net Loss for the period extending through the last day of the calendar year shall include only that period of less than twelve (12) months occurring from the day immediately following the last day of the latest interim period during the calendar year and extending through the last day of the calendar year. For all purposes, including income tax purposes, Net Income, if any, of the Partnership for each calendar year or interim period shall be allocated among the Partners in proportion to their respective Partnership Percentages for the calendar year or interim period. In the event of a Net Loss for a particular calendar year or interim period, then, for such calendar year or interim period, the Net Loss for such calendar year or interim period shall be allocated among the Partners in proportion to their respective Partnership Percentages for the calendar year or interim period.

  • Allocations of Net Profits and Net Losses (a) After giving effect to the allocations under Sections 4.2 and 7.1(b)(v), Net Profits and Net Losses and all related items of income, gain, loss, deduction and credit for each Fiscal Period shall be allocated among the Members in such manner as shall cause the Capital Accounts of each Member to equal, as nearly as possible, (i) the amount such Member would receive if all assets on hand at the end of such year were sold for cash at the Carrying Values of such assets, all liabilities were satisfied in cash in accordance with their terms (limited in the case of Member Nonrecourse Debt and Company Nonrecourse Liabilities to the Carrying Value of the assets securing such liabilities), and any remaining or resulting cash was distributed to the Members under Section 4.4(a), minus (ii) an amount equal to such Member’s allocable share of Minimum Gain as computed immediately prior to the deemed sale described in clause (i) above in accordance with the applicable Treasury Regulations, and minus (iii) the amount any such Member is treated as obligated to contribute to the Company, computed immediately after the deemed sale described in clause (i) above.

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