Allocations of Profit and Losses. The Partnership’s profits and losses shall be allocated in proportion to the capital contributions of the partners of the Partnership.
Allocations of Profit and Losses. Profits and losses of the Company shall be allocated pro rata among the Members in proportion to their Units.
Allocations of Profit and Losses. The Company’s profits and losses shall be allocated 100% to the Member.
Allocations of Profit and Losses. For each Fiscal Year of the Company, or part thereof, Profit and Loss shall be allocated amongst the Members, after allocations pursuant to Section 9.3 have been made, as follows:
(a) Loss shall be allocated among the Members so as to reduce, proportionately, the differences between their respective Partially Adjusted Capital Accounts and Target Accounts for such year; provided, however, that no portion of the Loss for any taxable year shall be allocated to a Member whose Target Account is greater than or equal to its Partially Adjusted Capital Account for such taxable year, and provided further that in no event shall an allocation under this Section 9.2(a) be made to any Member to the extent it would cause such Member to be allocated a percentage of Overall Company Loss for the taxable year different from its Percentage Interest except to the extent that (i) such allocation is required to reverse a prior allocation of Profit to another Member in excess of such other Member’s Percentage Interest and is in the same proportion as such prior allocation in a manner consistent with the Fractions Rule, (ii) the result is to allocate losses or deductions to one or more Members who bear a disproportionately large share (relative to each such Member’s Percentage Interest but in accordance with the distribution provisions of Section 9.8) of the economic burden of such losses or deductions if, taking into account all of the facts, circumstances and information (including bona fide financial projections), such losses or deductions had a low likelihood of occurring and such allocation otherwise satisfies the requirements of the Fractions Rule, (iii) such allocation otherwise is disregarded in determining whether a Member satisfies the Fractions Rule or otherwise does not cause the allocations set forth in this Agreement to fail to qualify as “permitted allocations” within the meaning of Section 514(c)(9)(E) of the Code and the regulations thereunder, or (iv) such allocation is made in respect of Legacy Interests.
(b) Profit shall be allocated among the Members so as to reduce, proportionately, the differences between their respective Target Accounts and Partially Adjusted Capital Accounts for such year; provided, however, that no portion of the Profit for any taxable year shall be allocated to a Member whose Target Account is less than or equal to its Partially Adjusted Capital Account for such taxable year, and provided further that in no event shall an allocation und...
Allocations of Profit and Losses. (a) The Partnership’s profits and losses shall be allocated in proportion to the respective percentage interests of the Partners of the Partnership.
(b) The fiscal year of the Partnership for financial statement and federal income tax purposes shall be the calendar year or shall end on such other date determined by the General Partner.
Allocations of Profit and Losses. (a) The Partnership's profits and losses shall be allocated according to the Partners' respective Capital Account balances as of the beginning of the fiscal period.
Allocations of Profit and Losses. After giving effect to the allocations set forth in Section 6.3, all Profits and Losses (including all items of income and expense entering into the determination of Profits and Losses), as finally determined for each Fiscal Year, shall be allocated among the Partners so as to cause each Partner’s Adjusted Balance as of the end of such Fiscal Year to equal the amount of cash that would be distributed to such Partner pursuant to Section 5.1 if, as of the end of such fiscal year, cash in the amount of the sum of the Partners’ Adjusted Balances were distributed to the Partners pursuant to Section 5.1.
Allocations of Profit and Losses. After giving effect to the special allocations set forth in Sections 4.3 and 4.4, Profits or Losses for any Fiscal Year shall be allocated among the Members in proportion to their Units.
Allocations of Profit and Losses. The Partnership’s profits and losses shall be allocated in proportion to the percentage interest (obtained by dividing the number of Units then owned by a partner by the number of Units then owned by all Partners) (“Percentage Interest”).
Allocations of Profit and Losses. The [SPECIFY PARTNER] is authorized under this Agreement to distribute to allowable distributions after the payment of the partnership's’ obligations and other monetary liabilities following a [SPECIFY FREQUENCY]. The [SPECIFY PARTNER] is authorized under this Agreement to withhold any amount from the said distribution any necessary fees, charges, and taxes as provided under the law and other prevailing governmental orders, resolutions, and issuances. In line with the preceding sections, nothing in this Agreement shall be construed as creating a priority of rights and interests in terms of distribution, unless a contrary agreement or stipulation is entered into by the undersigned partners.
