Allocation of Profits and Losses and Distributions Sample Clauses

Allocation of Profits and Losses and Distributions. The Partnership’s profits and losses shall be allocated and all distributions made to the Partners of the Partnership based upon the percentage set forth across from each partner’s name below: General Partner: HD Supply GP & Management, Inc. f/k/a Xxxxx XX & Management, Inc. 1 % Limited Partner: HD Supply Holdings, LLC f/k/a Xxxxxx Holdings, LLC 99% The Limited Partnership may issue certificates evidencing each Partner’s ownership interest in the Limited Partnership. The total capital of the limited partnership shall be represented by 100 limited partnership units (“Units”). The Units represented on such certificates shall be proportionate to the relative percentages of profits and losses borne by the respective Partners.
Sample 1See All (5)
AutoNDA by SimpleDocs
Allocation of Profits and Losses and Distributions. The Partnership’s profits and losses shall be allocated and all distributions made to the Partners of the Partnership based upon the percentage set forth across from each partner’s name below: General Partner: Xxxxxx XX & Management, Inc. one percent (1%) Limited Partner: Xxxxxx MRO #2, LLC Ninety-nine percent (99%) The Limited Partnership may issue certificates evidencing each Partner’s ownership interest in the Limited Partnership. The total capital of the limited partnership shall be represented by 100 limited partnership units (“Units”). The Units represented on such certificates shall be proportionate to the relative percentages of profits and losses borne by the respective Partners.
Sample 1See All (5)
Allocation of Profits and Losses and Distributions. The Partnership’s profits and losses shall be allocated and all distributions made to the Partners of the Partnership based upon the percentage set forth across from each partner’s name below: General Partner: Xxxxxx XX & Management, Inc. 1% Limited Partner: Xxxxxx Plumbing Holdings, LLC 12.6298% Hughes Holdings, LLC 86.3702% The Limited Partnership may issue certificates evidencing each Partner’s ownership interest in the Limited Partnership. The total capital of the limited partnership shall be represented by 100 limited partnership units (“Units”). The Units represented on such certificates shall be proportionate to the relative percentages of profits and losses borne by the respective Partners.
Sample 1See All (4)
Allocation of Profits and Losses and Distributions. The Partnership’s profits and losses shall be allocated and all distributions made to the Partners of the Partnership based upon the percentage set forth across from each partner’s name below: General Partner: Z&L Acquisition Corp. 1 percent Limited Partner: Z&L Acquisition Corp. of Delaware, Inc. 99 percent The Limited Partnership many issue certificates evidencing each Partner’s ownership interest in the Limited Partnership The total capital of the limited partnership shall be represented by 100 limited partnership unfits (“Units”). The Units represented on such certificates shall be proportionate to the relative percentages of profits and losses borne by the respective Partners.
Sample 1Sample 2
Allocation of Profits and Losses and Distributions. The Partnership's profits and losses shall be allocated and all distributions made to the Partners of the Partnership based upon the percentage set forth across from each partner's name below: General Partner: First Brandywine Management Del. Corp. 5 percent Limited Partner: First Brandywine Investment Corp. II 95 percent The Limited Partnership may issue certificates evidencing each Partner's ownership interest in the Limited Partnership. The total capital of the limited partnership shall be represented by 100 limited partnership units ("Units"). The Units represented on such certificates shall be proportionate to the relative percentages of profits and losses borne by the respective Partners.
Sample 1
Allocation of Profits and Losses and Distributions. All profits and losses of the Company will be allocated to the Member. All distributions of cash or other assets of the Company will be made to the Member when and as determined by the Member.
Sample 1
Allocation of Profits and Losses and Distributions. The Partnership’s profits and losses shall be allocated and all distributions made to the Partners of the Partnership based upon the percentage set forth across from each partner’s name below: General Partner: Xxxxxx XX & Management, Inc. 1%
Sample 1
AutoNDA by SimpleDocs
Allocation of Profits and Losses and Distributions 
Sample 1Sample 2

Related to Allocation of Profits and Losses and Distributions

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

  • Profits Losses and Distributions A. Each Member shall share all profits and losses, pro rata, in proportion to the Member's Interest in the Company. A Member's Interest shall be defined as a Member's pro rata share of ownership in the Company.

  • 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.

  • 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 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.

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

  • Net Losses After giving effect to the special allocations set forth in Section 6.1(d), Net Losses for each taxable period and all items of income, gain, loss and deduction taken into account in computing Net Losses for such taxable period shall be allocated as follows:

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

  • Allocations and Distributions The LLC's profits and losses shall be allocated to the Member. At the time determined by a majority of the Managers, the Managers may cause the LLC to distribute to the Member any cash held by it which is neither reasonably necessary for the operation of the LLC nor the performance of its contractual obligations, nor which is in violation of Sections 18-607 or 18-804 of the Act or any contractual agreement binding on the LLC.

Time is Money Join Law Insider Premium to draft better contracts faster.