Determinations of Allocations and Distributions Within Classes of Partners Sample Clauses

Determinations of Allocations and Distributions Within Classes of Partners. 4.6.1. All Cash Available for Distribution and Sale or Refinancing Proceeds distributable to the Limited Partners as a class, and all Profits and Losses for Tax Purposes and Tax Credits (including each item of income, gain, loss, deduction or credit included therein, except as provided in Section 4.4) allocable to the Limited Partners as a class, shall be distributed or allocated, as the case may be, to each Limited Partner entitled to a distribution or allocation, in the ratio which the number of Units held by each Limited Partner bears to the total number of Units held by all Limited Partners entitled to the distribution or allocation. 4.6.2. Except a provided in Sections 3.3.3, 4.6.3, 4.6.4, and 4.6.5, all Profits and Losses for Tax Purposes not arising from a Sale or Refinancing and all Tax Credits allocable to the Limited Partners as a class, shall be allocated, and all Cash Available for Distribution distributable to the Limited Partners as a class shall be distributed, to the Persons recognized (in accordance with Section 7.3.3 in the case of a transfer of Units) as the holders of Units for this purpose as of the last day of the fiscal period for which the allocation or distribution is to be made. 4.6.3. Subject to Section 4.6.5, all Profits and Losses for Tax Purposes not arising from a Sale or Refinancing and all Tax Credits for a fiscal year allocable to any Unit which is transferred during the year shall be divided and allocated between the transferee and the transferror based upon the number of quarterly periods that each was recognized (in accordance with Section 7.3.3) as the holder of the Unit for this purpose, without regard to whether Partnership operations during particular quarterly periods of such fiscal year produced profits or losses or cash distributions.
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Determinations of Allocations and Distributions Within Classes of Partners. 4.6.1. All Cash Available for Distribution and Sale or Refinancing Proceeds distributable to the Limited Partners as a class, and all Profits and Losses (including each item of income, gain, loss, deduction or credit included therein, except as provided in Section 4.4) allocable to the Limited Partners as a class, shall be distributed or allocated, as the case may be, to each Limited Partner entitled to a distribution or allocation, in the ratio which the number of Units held by each Limited Partner bears to the total number of Units held by all Limited Partners entitled to the distribution or allocation. 4.6.2. Except a provided in Sections 3.3.3, 4.6.3, 4.6.4, and 4.6.5, all Profits and Losses not arising from a Sale or Refinancing and all Tax Credits allocable to the Limited Partners as a class, shall be allocated, and all Cash
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Related to Determinations of Allocations and Distributions Within Classes of Partners

  • Allocations and Distributions The LLC's profits and losses shall be allocated to the Member. At the time determined by a majority of the Managers, the Managers may cause the LLC to distribute to the Member any cash held by it which is neither reasonably necessary for the operation of the LLC nor the performance of its contractual obligations, nor which is in violation of Sections 18-607 or 18-804 of the Act or any contractual agreement binding on the LLC.

  • Distributions of Distributable Cash Except as otherwise provided in Article VII hereof, Distributable Cash for each Fiscal Year may be distributed to the Holders at such times, if any, and in such amounts as shall be determined in the sole discretion of the Trustees. In exercising such discretion, the Trustees shall distribute such Distributable Cash so that Holders that are regulated investment companies can comply with the distribution requirements set forth in Code Section 852 and avoid the excise tax imposed by Code Section 4982.

  • 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).

  • Timing and Amount of Allocations of Net Income and Net Loss Net Income and Net Loss of the Partnership shall be determined and allocated with respect to each Partnership Year of the Partnership as of the end of each such year. Subject to the other provisions of this Article 6, an allocation to a Partner of a share of Net Income or Net Loss shall be treated as an allocation of the same share of each item of income, gain, loss or deduction that is taken into account in computing Net Income or Net Loss.

  • Capital Contributions and Distributions The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes.

  • Distributions to Members Section 9.1

  • Distributions Upon Income Inclusion Under Section 409A of the Code Upon the inclusion of any portion of the benefits payable pursuant to this Agreement into the Executive’s income as a result of the failure of this non-qualified deferred compensation plan to comply with the requirements of Section 409A of the Code, to the extent such tax liability can be covered by the Executive’s vested accrued liability, a distribution shall be made as soon as is administratively practicable following the discovery of the plan failure.

  • Determination of Net Asset Value, Net Income and Distributions Subject to applicable federal law including the 1940 Act and Section 3.6 hereof, the Trustees, in their sole discretion, may prescribe (and delegate to any officer of the Trust or any other Person or Persons the right and obligation to prescribe) such bases and time (including any methodology or plan) for determining the per Share or net asset value of the Shares of the Trust or any Series or Class or net income attributable to the Shares of the Trust or any Series or Class, or the declaration and payment of dividends and distributions on the Shares of the Trust or any Series or Class and the method of determining the Shareholders to whom dividends and distributions are payable, as they may deem necessary or desirable. Without limiting the generality of the foregoing, but subject to applicable federal law including the 1940 Act, any dividend or distribution may be paid in cash and/or securities or other property, and the composition of any such distribution shall be determined by the Trustees (or by any officer of the Trust or any other Person or Persons to whom such authority has been delegated by the Trustees) and may be different among Shareholders including differences among Shareholders of the same Series or Class.

  • In-Kind Distributions Subject to Section 00-00-000 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

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