Allocations of Losses. Subject to the limitation of Section 3.4(c), Capital Loss for any Fiscal Year shall be allocated to APH, and Operating Loss for any Fiscal Year shall be allocated among the Partners in proportion to their respective Points as of the close of such Fiscal Year.
Appears in 2 contracts
Samples: First Amended and Restated Agreement of Exempted Limited Partnership (Apollo Global Management LLC), Exempted Limited Partnership Agreement (Apollo Global Management LLC)
Allocations of Losses. Subject to the limitation of Section 3.4(c), Capital Loss for any Fiscal Year shall be allocated to APH, and Operating Loss for any Fiscal Year shall be allocated among the Partners in proportion to their respective Points as of the close of such Fiscal Year.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Apollo Global Management LLC), Limited Partnership Agreement
