Distributions Profits and Losses Sample Clauses

Distributions Profits and Losses a. As between the parties hereto, all distributions of available cash shall be made: (i) First, to BET in an amount necessary to repay all loans made by BET to the Venture. (ii) Thereafter, to the parties hereto, in accordance with their respective equity ownership interests. b. Any profits and losses of the Venture will be allocated to each of the parties hereto in accordance with their respective equity ownership interests.
Sample 1
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Distributions Profits and Losses. 14 4.1 Distributions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 4.2 Allocation of Profits and Losses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Sample 1
Distributions Profits and Losses. All distributions, profits and losses of the Company shall be allocated to the Members pro rata in proportion to their capital commitments as set forth above (which is intended to reflect the Economic Contribution of each of the parties as defined in the Interim Investors Agreement); provided, however, that notwithstanding the foregoing, the Company shall reimburse each of the Members for those costs and expenses actually incurred by them for the benefit of the Company in accordance with Section 4 of the Interim Investors Agreement (it being understood and agreed that all of the costs and expenses contemplated by Section 4 of the Interim Investors Agreement were incurred for the benefit of the Company); provided, further, however, that any such costs that are so reimbursed shall be treated as costs off the Company.
Sample 1
Distributions Profits and Losses. 1. The Joint Venture shall distribute to the Venturers quarterly within thirty (30) days after the close of each fiscal quarter, an amount equal to the Joint Venture's net cash flow (I.E., cash receipts less cash expenses) as of the end of such fiscal quarter, subject to reserves set forth in the Budget. Net cash flow distributions shall be distributed to the Venturers in accordance with their respective Percentage Interests except that (i) to the extent there is a Building Owner Member credit pursuant to SECTION 5(B)(II)(5) above, prior to either Venturer receiving any distributions which it would otherwise be entitled to receive under this SECTION 7, such distributions shall first be paid to Building Owner Member until such time as 100% of such credit has been paid in full to Building Owner Member, (ii) to the extent there is a Joint Venture credit pursuant to SECTION 5(b)(ii)(5) as a result of payments with respect to Continuing Leases made after the Option Effective Date, prior to Building Owner Member receiving any distributions which it would otherwise be entitled to receive under this SECTION 7, such distributions otherwise payable to Building Owner Member hereunder shall first be paid to Land Owner until such time as 50% of such credit has been paid in full to Land Owner and (iii) to the extent Land Owner is entitled to a credit pursuant to Section 11(d)(vii)(C) of the Agreement as a result of any Contract Excess with respect to any Incomplete Shared Capital Improvement, prior to Building Owner Member receiving any distributions which it would otherwise be entitled to receive under this SECTION 7, such distributions shall first be paid to Land Owner until such time as such credit has been paid in full. Net proceeds resulting from sales, financings, Joint Venture liquidation and other extraordinary events shall be distributed to the Venturers in accordance with their respective Percentage Interests, except that (i) to the extent there is a Building Owner Member credit pursuant to SECTION 5(B)(II)(5), prior to either Venturer receiving any distributions which it would otherwise be entitled to receive under this SECTION 7, such distributions shall first be paid to Building Owner Member until such time as 100% of such credit has been paid in full to Building Owner Member, (ii) to the extent there is a Joint Venture credit pursuant to SECTION 5(B)(II)(5) hereof as a result of payments with respect to Continuing Leases made after the Option Effective Dat...
Sample 1
Distributions Profits and Losses. 7 4.1 Distributions................................................ 7 4.2 Allocations of Partnership Profits and Losses................ 8 4.3
Sample 1
Distributions Profits and Losses. 17 4.1 Distributions..................................................................................17 4.2 Allocation of Profits and Losses...............................................................17
Sample 1
Distributions Profits and Losses 
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Related to Distributions Profits and Losses

  • 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 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.

  • 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 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.

  • Net Losses After giving effect to the special allocations set forth in Section 6.1(d), Net Losses for each taxable period and all items of income, gain, loss and deduction taken into account in computing Net Losses for such taxable period shall be allocated as follows: (i) First, 2% to the General Partner, and 98% to the Unitholders, Pro Rata, until the aggregate Net Losses allocated pursuant to this Section 6.1(b)(i) for the current taxable year and all previous taxable years is equal to the aggregate Net Income allocated to such Partners pursuant to Section 6.1(a)(iii) for all previous taxable years, provided that the Net Losses shall not be allocated pursuant to this Section 6.1(b)(i) to the extent that such allocation would cause any Unitholder to have a deficit balance in its Adjusted Capital Account at the end of such taxable year (or increase any existing deficit balance in its Adjusted Capital Account); (ii) Second, 2% to the General Partner, and 98% to the Unitholders, Pro Rata; provided, that Net Losses shall not be allocated pursuant to this Section 6.1(b)(ii) to the extent that such allocation would cause any Unitholder to have a deficit balance in its Adjusted Capital Account at the end of such taxable year (or increase any existing deficit balance in its Adjusted Capital Account); (iii) Third, the balance, if any, 100% to the General Partner.

  • 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.

  • Allocations of Net Profits and Net Losses Except as otherwise set forth herein, Net Profits and Net Losses shall be allocated for each Fiscal Year to the Members in proportion to their respective Capital Accounts.

  • 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).

  • Participation in Profits and Losses All profits and losses of the Company will be allocated to the Member.

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