Allocation of Profits and Losses of the Partnership. (1) Subject to Section (2) and (3) below, the Net Income and Net Loss for each Fiscal Year, including for income tax purposes, shall be allocated pro rata to the Partners in respect of their respective Capital Contribution Balances.
Appears in 11 contracts
Samples: Limited Partnership Agreement (RBC Covered Bond Guarantor Limited Partnership), Limited Partnership Agreement, Limited Partnership Agreement
Allocation of Profits and Losses of the Partnership. (1) Subject to Section subsection (2) and (3) below, the Net Income and Net Loss for each Fiscal Year, including for income tax purposes, shall be allocated pro rata to the Partners in respect of their respective Capital Contribution Balances.
Appears in 1 contract
Samples: Limited Partnership Agreement
Allocation of Profits and Losses of the Partnership. (1) Subject to Section subsection (2) and (3) below, the Net Income and Net Loss for each Fiscal Year, including for income tax purposes, shall be allocated pro rata to the Partners in respect of their respective Capital Contribution BalancesBalances as at the last related Calculation Date.
Appears in 1 contract
Samples: Limited Partnership Agreement
Allocation of Profits and Losses of the Partnership. (1a) Subject to Section (2Sections 4.1(b) and (34.1(c) below, the Net Income and Net Loss for each Fiscal Year, including for income tax purposes, shall be allocated pro rata to the Partners in respect of their respective Capital Contribution Balances.
Appears in 1 contract
Samples: Limited Partnership Agreement
Allocation of Profits and Losses of the Partnership. (1) Subject to Section (2) and (3) below4.1(2), the Net Income and Net Loss for each Fiscal Year, including for income tax purposes, shall be allocated pro rata to the Partners in respect of their respective Capital Contribution Balances.
Appears in 1 contract
Samples: Limited Partnership Agreement (Golden Credit Card Trust)
