Common use of Allocation of Profits and Losses and Distributions Clause in Contracts

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.

Appears in 1 contract

Samples: Agreement of Limited (Hughes MRO, Ltd.)

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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 PartnerPartners: Xxxxxx MRO #2Hughes Utilities Holdings, LLC Ninety-nine percent (99%) 21.3451% Hughes Holdings, LLC 77.6549% 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.

Appears in 1 contract

Samples: HSI IP, Inc.

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 #2Electric Holdings, 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.

Appears in 1 contract

Samples: Agreement of Limited (Hughes MRO, Ltd.)

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 #2Holdings, LLC Ninety-nine percent (99%) 63.7494% Hughes Holdings, LLC 35.2506% 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.

Appears in 1 contract

Samples: HSI IP, Inc.

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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 #2Utilities Holdings, 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.

Appears in 1 contract

Samples: Hughes MRO, Ltd.

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