Allocation of Profits/Losses Sample Clauses

Allocation of Profits/Losses. 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%
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Allocation of Profits/Losses. 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.
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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:
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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.
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Allocation of Profits/Losses. Distributions 6-7 ARTICLE VI- Management & Control of The Company 7-8
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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.
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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.
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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.
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Allocation of Profits/Losses 
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Related to Allocation of Profits/Losses

  • Allocation of Profits Profits for any Year shall be allocated in the following order and priority: (i) First, to any Partner who was allocated Losses after the Capital Account of any other Partner was reduced to zero (0), to the extent of such Losses; provided, however, that in the event that the foregoing applies to more than one Partner, to those Partners pro rata according to the amount of such Losses allocated to each; and (ii) Second, to the Partners in accordance with their relative Percentage Interests.

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

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

  • Allocation of Profits and Losses Distributions Profits/Losses. For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.

  • PROFITS/LOSSES For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.

  • 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.

  • 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.

  • Allocation of Profit and Loss Section 5.01 of the Partnership Agreement is hereby deleted in its entirety and the following new Section 5.01 is inserted in its place:

  • 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: (i) First, 2% to the General Partner, and 98% to the Unitholders, Pro Rata, until the aggregate Net Losses allocated pursuant to this Section 6.1(b)(i) for the current taxable year and all previous taxable years is equal to the aggregate Net Income allocated to such Partners pursuant to Section 6.1(a)(iii) for all previous taxable years, provided that the Net Losses shall not be allocated pursuant to this Section 6.1(b)(i) to the extent that such allocation would cause any Unitholder to have a deficit balance in its Adjusted Capital Account at the end of such taxable year (or increase any existing deficit balance in its Adjusted Capital Account); (ii) Second, 2% to the General Partner, and 98% to the Unitholders, Pro Rata; provided, that Net Losses shall not be allocated pursuant to this Section 6.1(b)(ii) to the extent that such allocation would cause any Unitholder to have a deficit balance in its Adjusted Capital Account at the end of such taxable year (or increase any existing deficit balance in its Adjusted Capital Account); (iii) Third, the balance, if any, 100% to the General Partner.

  • Distribution of Profits Any and all net income accruing to the Joint Venture shall be distributed equally to the Parties.

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