NET GAIN OR LOSS Clause Samples
NET GAIN OR LOSS. As of the end of each year of the Company, and after giving effect to the allocations set forth in Sections 7.3, 7.4 and 7.6(b), the Net Gain or Loss of the Company for such fiscal period shall be allocated as follows:
(a) All Net Gain or Loss attributable to allocations made by the Fund to the Company in its capacity as general partner of the Fund:
(i) which are made with respect to the capital contribution of the Company to the Fund shall be allocated to the Manager Member; and
(ii) which are made other than with respect to the capital contribution of the Company to the Fund (e.g., the Company's "carried interest" in the profits or losses or net profits or losses of the Fund) shall be allocated among the Members in proportion to their respective Percentage Interests.
(b) All Management Fee income and all expenses attributable to Administrative Expenses of the Fund, and all Short-Term Income shall be allocated to the Manager Member.
(c) All other Net Gain or Loss of the Company shall be allocated to all Members in proportion to their respective Percentage Interests.
NET GAIN OR LOSS. As of the end of each year of the Company, and after giving effect to the allocations set forth in Sections 7.3, 7.4 and 7.6(b), the Net Gain or Loss of the Company for such fiscal period shall be allocated as follows:
(a) All Net Gain or Loss attributable to allocations made by the Funds to the Company in its capacity as general partner of the Funds:
(i) which are made with respect to the capital contribution of the Manager Member in its capacity as former general partner of the Funds shall be allocated to the Manager Member; and
(ii) which are made other than with respect to the capital contribution of the Manager Member as former general partner of the Funds (e.g., the Company's "carried interest" in the profits or losses or net profits or losses of the Funds) shall be allocated among the Members in proportion to their respective Percentage Interests.
(b) All Management Fee income and all expenses attributable to Administrative Expenses of the Funds, and all Short-Term Income shall be allocated to the Manager Member.
(c) All other Net Gain or Loss of the Company shall be allocated to all Members in proportion to their respective Percentage Interests.
NET GAIN OR LOSS. (a) As of the end of each year of the ---------------- Partnership, and after giving effect to the allocations set forth in Sections 8.3, 8.4 and 8.6(b), the Net Gain or Loss of the Partnership for such fiscal period shall be allocated as follows:
(a) All Net Gain or Loss attributable to allocations made by the Fund to the Partnership in its capacity as general partner of the Fund:
(i) which are made with respect to the capital contribution of the Partnership to the Fund shall be allocated to the General Partner; and
(ii) which are made other than with respect to the capital contribution of the Partnership to the Fund (e.g., the Partnership's "carried interest" in the profits or losses or net profits or losses of the Fund) shall be allocated among the Partners in proportion to their respective Percentage Interests.
(b) All Short-Term Income shall be allocated to the General Partner.
(c) All other Net Gain or Loss of the Partnership shall be allocated to all Partners in proportion to their respective Percentage Interests.