Determination and Allocation of Profits and Losses Sample Clauses

Determination and Allocation of Profits and Losses. For each Fiscal Year, Profits and Losses of the Company will be determined and allocated to the Members as provided in Exhibit B.
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Determination and Allocation of Profits and Losses. Profits and Losses of the Company shall be determined for each Fiscal Year of the Company in accordance with the method of income tax accounting adopted by the Company consistently applied and shall be allocated among the Members in the manner provided in this Article IV.
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Determination and Allocation of Profits and Losses. 5.1. Determination of Partnership’s Net (Book) Profit or Loss. (a) The Net Asset Value of the Partnership’s assets shall be determined in accordance with generally accepted accounting principles consistently applied, and, to the extent inconsistent therewith, in accordance with this Agreement. (b) The Net Asset Value shall be adjusted (the “Adjusted Net Asset Value”) by (x) adding thereto the amount of money or the fair market value of other property distributed to the Partners following the prior Valuation Date; and (y) subtracting therefrom the amount of money contributed to the Partnership since that prior Valuation Date; and (c) The Adjusted Net Asset Value shall be compared to the Net Asset Value at the immediately preceding Valuation Date; any increase constitutes the “Net Profit” for the Accounting Period and any decrease constitutes the “Net Loss” for the Accounting Period.
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Determination and Allocation of Profits and Losses. 11.1 Revenues and expenditures of the Cooperative Co. shall be recorded under such bookkeeping and accounting procedures and standards as shall be determined by the Board, but such procedures shall not permit expenditure of registered capital received by the Cooperative Co. except as permitted by Article 10.2 herein. Further, expenditures which shall be determined by the Board to be capital expenditures relating to the Construction Line shall be so recorded in the books and records of the Cooperative Co. that the amount of such expenditures, including reasonable depreciation, shall be an appropriate adjustment to the cost of the Construction Line. Revenues received from the sale, lease (including any amounts allocated to the Construction Line pursuant to Article 11.3 below), or condemnation of assets included in the Construction Line, or insurance proceeds received under policies owned by the Cooperative Co. insuring, assets in the Construction Line from the dangers of fire, explosion, theft, earthquake or other natural disaster or like danger covered in similar policies, shall be recorded as revenues received from the Construction Line. 11.2 Notwithstanding the foregoing, expenditures for the payment of compensation to production and assembly workers engaged in the Production Line, together with payment of a procurement and supervision fee and management fee to Party A of an aggregate amount to be determined from time to time by the Board based on the then number of employees so engaged in production and assembly and rent for the existing factory premises leased from Party A (which amount was RMB3,300,000 per year as of 12 September 1994) shall be paid or accrued by the Cooperative Co. and shall be a charge against the revenues from the Production Line when so paid or accrued. Such payments to workers and to Party A are hereby guaranteed by Party B. 11.3 The Board may determine a reasonable rental expense (said expense shall not exceed the fair market rental at the time of determination for the same or similar assets) of the assets included in the Construction Line and allocate such amount on the books and records of the Cooperative Co. as an expenditure of the Production Line and revenue to the Construction Line. 11.4 Net Profits and Net Losses shall be determined in accordance with the accounting procedures and standards established by the Board from time to time. Party B shall be allocated all net profits and losses from the Production Line. Party A sh...
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Determination and Allocation of Profits and Losses. Gross Revenues, in respect of a period, shall be employed for the following purposes and in the following priorities:
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Related to Determination and Allocation of Profits and Losses

  • 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.

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

  • Profits and Losses For financial accounting and tax purposes, the Company’s net profits or net losses shall be determined on an annual basis in accordance with the manner determined by the Board. In each year, profits and losses shall be allocated entirely to the Member.

  • 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.

  • Profits and Losses Distributions Until the admission of additional Members, the Original Member shall be entitled to all allocations of LLC profits and losses and to allocations of distributions.

  • 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:

  • 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.

  • Distributions and Allocations (i) Subject to Section 8.6(c), the Redeeming Partner shall have no right to receive any distributions that are paid after the Specified Redemption Date with respect to any Partnership Units redeemed pursuant to this Section 8.6. (ii) If any Partnership Interest is redeemed (other than pursuant to Section 8.6(c)) on any day other than the first day of a Fiscal Year, then Profit, Losses, each item thereof and all other items attributable to such Partnership Interest for such Fiscal Year shall be divided and allocated to the Redeeming Partner by taking into account the Redeeming Partner’s ownership of such Partnership Interest during the Fiscal Year in accordance with Section 706(d) of the Code, using the interim closing of the books method (unless the General Partner, in its sole and absolute discretion, elects to adopt a daily, weekly or monthly proration period, in which event Profits, Losses, each item thereof and all other items attributable to such redeemed Partnership Interest for such Fiscal Year shall be prorated based upon the applicable method selected by the General Partner).

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