General Allocation of Profits and Losses. Except as otherwise provided in this Article 7, after giving effect to any and all allocations set forth in Section 7.4 below, all Profits and Losses of the Partnership (including all items of income and expense entering into the determination of such Profits and Losses), as finally determined for Federal income tax purposes for each fiscal year of the Partnership, shall be allocated to and among the Partners in accordance with their respective Percentage Interests.
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Samples: Agreement (Philips International Realty Corp), Agreement (Philips International Realty Corp), Partnership Agreement (Philips International Realty Corp)
General Allocation of Profits and Losses. Except as otherwise provided in this Article 7, after After giving effect to any and all the allocations set forth in Section 7.4 belowSections 7.5 and 7.6, all Profits and Losses of the Partnership (including all items of income and expense entering into the determination of such Profits and Losses), as finally determined for Federal federal income tax purposes for each fiscal year of the PartnershipCompany, shall be allocated to and among the Partners in accordance with their respective Percentage Interests.Members as follows:
Appears in 3 contracts
Samples: Operating Agreement, Operating Agreement (Gallagher Arthur J & Co), Operating Agreement (Gallagher Arthur J & Co)
General Allocation of Profits and Losses. Except as otherwise provided in this Article 7, after giving effect to any and all special allocations set forth in Section Sections 7.3 and 7.4 below, all Profits and Losses of the Partnership (including all items of income and expense entering into the determination of such Profits and Losses), as finally determined by the Accountants for Federal income tax purposes for each fiscal year of the Partnership, shall be allocated to and among the Partners in accordance with their respective Percentage Interests.
Appears in 2 contracts
Samples: Cali Realty Corp /New/, Mack Cali Realty Corp
General Allocation of Profits and Losses. Except as otherwise ---------------------------------------- provided in this Article 7, after giving effect to any and all allocations set forth in Section 7.4 7.3 below, all Profits and Losses of the Partnership (including all items of income and expense entering into the determination of such Profits and Losses), as finally determined for Federal income tax purposes for each fiscal year of the Partnership, shall be allocated to and among the Partners in accordance with their respective such manner as will cause the positive or negative balance in the Partners' Capital Accounts to be in the same proportions as the Partners' Percentage Interests.
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Samples: Partnership Agreement (Reckson Associates Realty Corp)
General Allocation of Profits and Losses. Except as otherwise provided in this Article 7, after giving effect to any and all allocations set forth in Section 7.4 below, all Profits and Losses of the Partnership (including all items of income and expense entering into the determination of such Profits and or Losses), as finally determined for Federal federal income tax purposes for each fiscal year of the PartnershipCompany, shall be allocated to and among the Partners in accordance with their respective Percentage Interests.Members as follows:
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