Distributions Allocation of Profits and Losses Sample Clauses

Distributions Allocation of Profits and Losses. 7.1. Division or Share of Profits Any profits of the Joint Venture shall be allocated among the Joint Venturers in the following percentages unless that percentage is changed pursuant to the terms of this Agreement: Roy’s 50 % Outback 50 %
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Distributions Allocation of Profits and Losses. Distributions shall be made by the Company to the Members at the times and in the amounts as may from time to time be determined by the Board of Managers. Distributions shall be made to each Member based on the Percentage Interest held by such Member on the date of such distribution.
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Distributions Allocation of Profits and Losses. CAPITAL ACCOUNTS 8 6.1 Cash Available for Distribution 8 6.2 Allocation of Profits and Losses 8 6.3
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Distributions Allocation of Profits and Losses. 22 Distributions 22 Amounts and Priority of Distributions 23 Special Distributions 23 Special Tax Distributions 23 Tax Withholding 24 Capital Accounts 25 Allocations of Profits and Losses 26 Special Allocations 28 Allocation Rules 29 Tax Allocations 29 UBTI 29 ARTICLE V RIGHTS AND DUTIES OF THE GENERAL PARTNER – EXPENSES 30 Management; Investment Limitations 30 Duties and Obligations of the General Partner 32 Determination of Fair Value 33 Exclusivity; Other Businesses of the General Partner 34 Expenses and Reimbursements; Organizational Expenses 36 Management Fee and Expenses 37 Removal of the General Partner 37 ARTICLE VI INDEMNIFICATION 39 Indemnification of General Partner and the Manager 39 Giveback Obligations 41 Advancement of Expenses 42 Cure Rights 42 ARTICLE VII ADVISORY COMMITTEE 42 The Advisory Committee 43 ARTICLE VIII TRANSFERABILITY OF GENERAL PARTNER’S INTEREST 44 Assignment of the General Partner’s Interest 45 Transfer of General Partner’s Interest 45 ARTICLE IX TRANSFERABILITY OF A LIMITED PARTNER’S INTEREST 45 Restrictions on Transfers of Interests 45 Assignees 48 Substituted Limited Partner 50 Transfers During a Fiscal Year 50 Elections Under the Internal Revenue Code 51 ARTICLE X DISSOLUTION AND LIQUIDATION OF THE PARTNERSHIP 51 Dissolution 51 Liquidation 51 Clawback Liability 53 ARTICLE XI AMENDMENTS 53 Adoption of Amendments; Limitations Thereon 53 ARTICLE XII CONSENTS, VOTING AND MEETINGS 55 Method of Giving Consent 55 Meetings 56 Record Dates 56 Submissions to Partner 56 ARTICLE XIII POWER OF ATTORNEY 56 Power of Attorney 56 ARTICLE XIV RECORDS AND ACCOUNTING; REPORTS; FISCAL AFFAIRS 57 Records and Accounting 57 Annual Reports 58 Tax Information; Tax Returns 58 Partnership Funds 59 Partnership For Income Tax Purposes; Tax Elections, Determinations & Decisions 59 Other Information 59 Limited Partner Information 60 Partnership Representative 60 Safe Harbor Election and Forfeiture Allocations 61 ARTICLE XV MISCELLANEOUS 63 Notices 63 Governing Law; Separability of Provisions 63 [RESERVED] 64 Waiver of Jury Trial; Expedited Arbitration 64 Entire Agreement 65 Binding Provisions; Third Party Beneficiaries 65 No Waiver 66 Confidentiality 66 No Right to Partition 68 .................................................................................................68 Remedies Cumulative 68 Counterparts; E-Mail Signatures 68 Partner Communications 69 Force Majeure 69 UCC Article 8 Election 69 Ownership and Use of Name 69 Legal Counsel and Othe...
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Distributions Allocation of Profits and Losses. 8 Section 7.1 Distributions 8 Section 7.2 Form of Distribution 8 Section 7.3 Allocation of Profits and Losses 8
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Distributions Allocation of Profits and Losses. CAPITAL ACCOUNTS shall be amended at 6.1(a)(i) and (ii) and 6.2(a)(iii) as follows:
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Distributions Allocation of Profits and Losses 
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Related to Distributions Allocation of Profits and Losses

  • Allocation of Profits and Losses The Company’s profits and losses shall be allocated to the Member.

  • 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.

  • 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 Profit and Loss Article V, 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:

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