FISCAL YEAR; ACCOUNTING; ALLOCATION OF PROFITS. AND LOSSES; DISTRIBUTIONS 11 6.1 Fiscal Year 11 6.2 Method of Accounting 11 6.3 Maintenance of Capital Accounts 11 6.4 Allocation of Profits and Losses 11
FISCAL YEAR; ACCOUNTING; ALLOCATION OF PROFITS Sample Clauses
Related to FISCAL YEAR; ACCOUNTING; ALLOCATION OF PROFITS
Fiscal Year; Accounting The Company's fiscal year shall be the calendar year with an ending month of December.
Allocation of Profit or Loss All Profit or Loss shall be allocated to the Member.
Allocation of Profits and Losses The Company’s profits and losses shall be allocated to the Member.
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 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.
Annual Accounting Period The annual accounting period of the Company shall be its taxable year. The Company’s taxable year shall be selected by the Member, subject to the requirements and limitations of the Code.
Fiscal Year; Taxable Year The fiscal year and the taxable year of the Company is the calendar year.
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.
Fiscal Year and Accounting Method The fiscal year of the Company shall be as designated by the Board of Directors. The Board of Directors shall also determine the accounting method to be used by the Company.
Compensation and FUND ACCOUNTING Expenses FUND ACCOUNTING shall be paid as compensation for its services pursuant to this Agreement such compensation as may from time to time be agreed upon in writing by the two parties. FUND ACCOUNTING shall be entitled, if agreed to by the Fund on behalf of the Portfolio, to recover its reasonable telephone, courier or delivery service, and all other reasonable out-of-pocket, expenses as incurred, including, without limitation, reasonable attorneys' fees and reasonable fees for pricing services.
