Distribution of Profits and Losses. (1) The use of profits, withdrawals and contributions to capital reserves shall be determined in partners' resolutions except the law requires a particular use of profits. The general partner does not get profits or losses.
Distribution of Profits and Losses. 4.1. The Investor has agreed, to tokenize the Company’s assets, infrastructure and business operations through a regulated fintech company (the Proposed Company) that shall be incorporated at the Abu Dhabi Global Markets or a similar jurisdiction of the company choice. The Proposed Company shall form part of the VUCOCOIN LLC as soon as the license towards the same is issued for the same by the Relevant Authority.
Distribution of Profits and Losses. The Net Profits and Net Losses of the Company and each item of income, gain, loss, deduction or credit entering into the computation thereof, shall be allocated to the Members in the same proportions that they share in distributions as set forth in this Agreement. A member shall not be compelled to accept a distribution of any asset in kind to the extent that the percentage of the asset distributed to the member exceeds the Members Percentage.
Distribution of Profits and Losses. Profits and losses will be ascertained and allocated annually in proportion to each Partner's capital contribution, as determined by the Partnership's designated accountants.
Distribution of Profits and Losses. After the company transfer registration, Party B shall become the shareholder of Yintai and share in the profits and losses of Yintai in accordance with the Articles of Association.
Distribution of Profits and Losses. After the company transfer registration, Party B shall become the shareholder of Fuyu and share in the profits and losses of Fuyu in accordance with the Articles of Association.
Distribution of Profits and Losses. 15.1 The Company shall allocate 10% (Ten Percent) of its net profits each year to create a statutory reserve. The Partners in the General Assembly may allocate additional reserves. The Partners may resolve that the allocation of net profits to the statutory reserve be discontinued when the reserve reaches more than 50% of the capital of the Company.
Distribution of Profits and Losses. Subject to Section 5.5, all profits, losses, gain, deductions and credits either of cash or property of or by the Company shall be distributed entirely to the Member.
Distribution of Profits and Losses. 6.1 The Partners shall share in the profits and losses as calculated after deduction of the expenses of the General Partner and of any compensation otherwise due to the Partners in the ratio of their Partnership Interests. Regardless of the consummation of any transfer of the 51% Partnership Interest from Behringwerke AG to 31. Corsa GmbH pursuant to the Purchase Agreement (i.e., exercise of Chiron Call Option or Behring Put Option), 31. Corsa GmbH shall at any time indemnify Behringwerke AG for any tax obligations relating to tax periods after the Closing Date of Behringwerke AG stemming from its Partnership Interest unless covered by clause 6.2; the indemnification is limited to tax claims relating to trade tax and value added tax but shall in no way include capital gain tax.
Distribution of Profits and Losses. Profits and Losses of the Joint Venture shall be distributed (“Distributions”) 50% to El Capitan and 50% to Planet (the “Joint Venture Interests”). All expenses of the Joint Venture shall be satisfied prior to any distribution of Profits and Losses. Distributions shall be made within forty-five (45) days of the end of each calendar month, after the payment of all expenses of the Joint Venture and reimbursement to the Venturers of all reimbursable expenses as provided hereunder; provided that the expenses associated with the Equipment Reimbursement shall be reimbursed to Planet within five (5) days of the date documentation of such expenses are provided to the Joint Venture, subject to the Joint Venture having sufficient available working capital to pay such reimbursement.
