Allocation of Profits/Losses. 10. Subject to the other provisions of this Agreement, the Net Profits or Losses of the Company, for both accounting and tax purposes, will be allocated between the Members in the following manner: Common Capital Members Profit/Loss Percentage Those Individuals and Entities Who Own General and Common Partnership Interests in X. X. Xxxxx & Company LLC 100.00%
Allocation of Profits/Losses. 6. Subject to the other provisions of this Agreement, the Net Profits or Losses, for both accounting and tax purposes, will accrue to and be borne by the Members in proportion to the Members' Capital Contributions inclusive of any Additional Capital Contributions.
Allocation of Profits/Losses. Net Income or Net Loss (as defined below) realized during a Fiscal Period (as defined below) of the Partnership shall be allocated among the Partners at the end of each Fiscal Period proportionately, based upon the average ratio of the respective capital accounts of the Partners throughout such Fiscal Period. For each Fiscal Period, "Net Income" or "Net Loss" shall mean an amount equal to the Partnership's taxable income or loss for such year or other period, determined in accordance with Section 703 of the Internal Revenue Code of 1986, as amended (the "Code"), with the following adjustments:
Allocation of Profits/Losses. Distributions 6-7 ARTICLE VI- Management & Control of The Company 7-8
Allocation of Profits/Losses. After CVV recovers its $350,000 capital as previously described in section 1.7 of this agreement, all profits and losses of the Joint Venture shall be distributed equally to the Joint Venture partners after all of the expenses of the Joint Venture are paid. Expenses include but are not limited to the cost of products/services, customer support, salaries of executives, and infrastructure and multimedia expenditures as mutually agreed upon. The profits shall be distributed on a quarterly basis except such amounts as may be mutually agreed upon by the Board of Directors to be retained in the Joint Venture for purposes of corporate operations. This allocation may be changed by unanimous consent from the Board.
Allocation of Profits/Losses. All profits and losses of the Joint Venture shall be distributed equally to the Joint Venturers after all of the expenses of the Joint Venture are paid. The expenses of the Joint Venture shall include, without limitation, the cost of products/services, customer support, facilitator's fees, legal and accounting fees and infrastructure and multimedia expenditures, all as mutually agreed upon by the JV Board. The profits of the Joint Venture, if any, shall be distributed on a quarterly basis except such amounts to be retained in the Joint Venture for purposes of corporate operations as determined by the JV Board.
Allocation of Profits/Losses. 5.1 A llocation of Profits and Losses. Except as provided in Sections 5.2, 5.3, and 5.4, below, Profits and Losses shall be allocated among the Members in proportion to their Membership Interests for the Fiscal Period.
Allocation of Profits/Losses. After giving effect to the special allocations set forth in Section 3.2, for any taxable year of the Joint Venture, profit or loss shall be allocated to the Interest Holders in proportion to the percentage of the work performed. The percentage of work performance by each Interest Holder will be calculated by dividing the Interest Holder’s contract cost by the sum of the contract cost of all Interest Holders.
Allocation of Profits/Losses
