Common use of Allocation of Profits Clause in Contracts

Allocation of Profits. After giving effect to the Regulatory Allocations set forth in Section 5.3 hereof, Profits for any fiscal year or other period of the Partnership shall be credited to the Capital Accounts of the Partners in the following order of priority: (a) First, to the Partners in an amount sufficient to reverse the cumulative amount of any Losses allocated to the Partners in all prior fiscal years, first pursuant to the proviso after Section 5.2(c) hereof, and second pursuant to Section 5.2(c) hereof, allocated to each Partner in the order and in proportion to the allocation of such Losses to such Partners; (b) Second, to the Partners, until the cumulative amount allocated pursuant to this Section 5.1(b) for the current and all prior fiscal years is equal to their cumulative Preferred Return, allocated to each Partner pro rata in proportion to their respective Percentage Interest, plus the cumulative amount of any Losses allocated to them pursuant to Section 5.2(b) hereof in all prior fiscal years (which Losses reverse Profits allocated under this Section 5.1(b)) allocated to each Partner pro rata in proportion to the allocation of such Losses to such Partners; (c) Thereafter, fifty-six percent (56%) to TRST and (ii) forty-four percent (44%) to Parkway.

Allocation of Profits. After giving effect to the Regulatory Allocations set forth in Section 5.3 hereof, Profits for any fiscal year or other period of the Partnership relating to the Two Liberty Investment shall be credited to the Capital Accounts of the Partners established for purposes of the Two Liberty Investment in the following order of priority: (a) First, to the Partners in an amount sufficient to reverse the cumulative amount of any Losses allocated to the Partners in all prior fiscal years, first pursuant to the proviso after Section 5.2(c) hereof, and second pursuant to Section 5.2(c) hereof, allocated to each Partner in the order and in proportion to the allocation of such Losses to such Partnerstheir respective Two Liberty Percentage Interests; (b) Second, to the Partners, until the cumulative amount allocated pursuant to this Section 5.1(b) for the current and all prior fiscal years is equal to their cumulative Preferred Return, allocated to each Partner pro rata in proportion to their respective Two Liberty Percentage Interest, plus the cumulative amount of any Losses allocated to them pursuant to Section 5.2(b) hereof in all prior fiscal years (which Losses reverse Profits allocated under this Section 5.1(b)) allocated to each Partner pro rata in proportion to the allocation of such Losses to such Partners; (c) Thereafter, fifty-six one hundred percent (56100%) pro rata to TRST and (ii) forty-four percent (44%) the Partners in proportion to Parkwaytheir respective Two Liberty Percentage Interests.

Allocation of Profits. After giving effect to the Regulatory Allocations set forth in Section 5.3 hereofof this Agreement, Profits for any fiscal year or other period of the Partnership shall be credited to the Capital Accounts of the Partners in the following order of priority: (a) First, to the Partners in an amount sufficient to reverse the cumulative amount of any Losses allocated to the Partners in all prior fiscal years, first pursuant to the proviso after Section 5.2(c) hereofof this Agreement, and second pursuant to Section 5.2(c) hereofof this Agreement, allocated to each Partner in the order and in proportion to the allocation of such Losses to such Partners; (b) Second, to the Partners, until the cumulative amount allocated pursuant to this Section 5.1(b) for the current and all prior fiscal years is equal to their cumulative Preferred Return, allocated to each Partner pro rata in proportion to their respective Percentage Interest, plus the cumulative amount of any Losses allocated to them pursuant to Section 5.2(b) hereof of this Agreement in all prior fiscal years (which Losses reverse Profits allocated under this Section 5.1(b)) allocated to each Partner pro rata in proportion to the allocation of such Losses to such Partners; (c) Thereafter, fifty-six (i) eighty percent (5680%) pro rata to TRST the Partners in proportion to their respective Percentage Interests and (ii) forty-four twenty percent (4420%) to Parkwaythe General Partner.