Allocation of Profits and Losses Distributions. (a) Each JV Party will share in the Joint Venture’s profits and losses in accordance with its Percentage Interest and the terms of this JV Agreement. (b) Subject to applicable law and any limitations contained elsewhere in this JV Agreement, the Manager does not plan to distribute any possible Distributable Cash to the JV Parties, and all funds will be retained as reserves until the property is sold or another exit strategy is used.
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Samples: Joint Venture Agreement, Joint Venture Agreement, Joint Venture Agreement
Allocation of Profits and Losses Distributions. (a) Each JV Party will share in the Joint Venture’s profits and losses in accordance with its Final Percentage Interest and the terms of this JV Agreement.
(b) Subject to applicable law and any limitations contained elsewhere in this JV Agreement, the Manager does not plan to distribute any possible Distributable Cash to the JV Parties, and all funds will be retained as reserves until the property is sold or another exit strategy is used.
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