General Allocation of Profits. Profits for any fiscal period of the Partnership shall be allocated among the Partners in the following order of priority:
(a) First, to the Partners having negative Capital Account balances in proportion to such negative balances until the Capital Account of each Partner is increased to zero;
(b) Second, to the Partners to the extent that Losses allocated to a Partner under Section 6.5(a) exceed previous allocations to that Partner pursuant to this Section 6.4(b); and
(c) Third, to the Partners in such a manner as shall make the Partners’ respective Capital Account balances most nearly equal the amounts that would be distributed to the Partners pursuant to Section 13.2.1(d) hereof if all assets of the Partnership were distributed in liquidation of the Partnership in accordance with Section 13.2.1.
General Allocation of Profits. After giving effect to the special and regulatory allocations set forth in Section 4.1.3 and 4.1.4, Profits for any fiscal year shall be allocated in the following order and priority: (a) First, if in any prior fiscal year Losses have been allocated to the Partners pursuant to Section 4.1.1(b), one percent (1%) to the General Partner and ninety-nine percent (99%) to the Additional Limited Partners, to the extent of and pro rata in accordance with the amount of (i) the cumulative Losses allocated to the Partners pursuant to Section 4.1.1(b) hereof for all prior fiscal years, over (ii) the cumulative Profits allocated to the Partners pursuant to this Section 4.1.2(a) for all prior fiscal years.
General Allocation of Profits. After giving effect to the special allocations described in Section 5.5 hereof and the allocations described in Sections 5.1 and 5.2 hereof, any Net Income Available for General Allocation shall be allocated as follows:
(a) First, to the LEAAF Partners, in proportion to and to the extent of, for each LEAAF Partner, the excess of (i) the cumulative distributions of the LEAAF Return to such LEAAF Partner, as of the end of the current Year, over (ii) allocations to such LEAAF Partner pursuant to this Section 5.3(a) for all prior Years;
(b) Second, to the General Partner, to the extent of the distributions during the current Year of the General Partner's Subordinated Interest pursuant to Sections 6.1(c) and 6.2(e) hereof;
(c) Third, to the Partners (other than the LEAAF Partners in respect of their LEAAF Partnership Interests), in proportion to and to the extent of the distributions during the current Year of their Preferred Cash Return; and
(d) Fourth, any remaining amount 20% to the General Partner in respect of the General Partner's Subordinated Interest and 80% to the Partners (other than the LEAAF Partners in respect of their LEAAF Partnership Interests) in proportion to their respective Percentage Interests.
General Allocation of Profits. 7 Section 5.02. General Allocation of Losses. . . . . . . . . . . . . . . . . . . . . . . 7 Section 5.03. Regulatory and Curative Allocations . . . . . . . . . . . . . . . . . . . 7 Section 5.04. Prorations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 ARTICLE VI FINANCIAL RECORDS, INSURANCE, LIABILITY OF MEMBERS, AND COMPANY PROPERTY
General Allocation of Profits. Subject to Sections 5.03 and 5.04 below, Profits of the Company for each Fiscal Year shall be allocated among the Members as follows:
(a) First, to those Members to whom Losses have been previously allocated, until the amount of Profits allocated pursuant to this clause, from time to time, equals the amount of Losses previously allocated to the Members (provided that the Profits allocated pursuant to this clause are first allocated to the Members in the reverse order of the previous allocations of Losses to the Members); and
(b) Second, to the Members in accordance with their Percentage Interest.
