AND DISTRIBUTION OF NET PROFITS. 6.1 The General Partner shall allocate net profits and net losses annually. Interest shall not be paid to Partners on contributions of capital to the Partnership. The amount of net profits and net losses of the Partnership to be allocated to and charged against each Partner for each taxable year of the Partnership shall be determined by the percentage such Partner owns in the Partnership.
Appears in 5 contracts
Samples: Limited Partnership Agreement (Kimball Hill, Inc.), Limited Partnership Agreement (Kimball Hill, Inc.), Limited Partnership Agreement (Kimball Hill, Inc.)
