Common use of Net Income Allocations Clause in Contracts

Net Income Allocations. After giving effect to the special allocations set forth in Sections 4.3 and 4.4, Net Income for any fiscal year shall be allocated as follows: (1) First, between the Members in proportion to and to the extent of Net Loss allocated to the Members pursuant to Section 4.1.2(d) until the aggregate Net Income allocated to the Members pursuant to this Section 4.1.1 (a) for such fiscal year and all previous fiscal years is equal to the aggregate Net Loss allocated to the Members pursuant to Section 4.1.2(d) for all previous fiscal years; (2) Second, to Houston Hotel, Inc. until Houston Hotel, Inc. has been allocated a net amount equal to its Preferred Return for all fiscal years; (3) Third, to Ridgewood Hotels, Inc. until Ridgewood Hotels, Inc. has been allocated a net amount equal to its Preferred Return for all fiscal years; and (4) Thereafter, 80% to Houston Hotel, Inc. and 20% to Ridgewood Hotels, Inc.

Net Income Allocations. After giving effect to the special allocations set forth in Sections 4.3 and 4.4, Net Income for any fiscal year shall be allocated as follows: (1) First, between the Members in proportion to and to the extent of Net Loss allocated to the Members pursuant to Section 4.1.2(d4.2.2(d) until the aggregate Net Income allocated to the Members pursuant to this Section 4.1.14.2.1 (a) for such fiscal year and all previous fiscal years is equal to the aggregate Net Loss allocated to the Members pursuant to Section 4.1.2(d4.2.2(d) for all previous fiscal years; (2) Second, to Houston Louisville Hotel, Inc. L.P. until Houston Louisville Hotel, Inc. L.P. has been allocated a net amount equal to its Preferred Return for all fiscal years;; and (3) Third, to Ridgewood Hotels, Inc. until Ridgewood Hotels, Inc. has been allocated a net amount equal to its Preferred Return for all fiscal years; and; (4) Thereafter, 80% to Houston Hotel, Inc. and 2010% to Ridgewood Hotels, Inc., and 90% to Louisville Hotel, LP.

Net Income Allocations. After giving effect to the special allocations set forth in Sections 4.3 and 4.4, Net Income for any fiscal year shall be allocated as follows: (1) First, between the Members in proportion to and to the extent of Net Loss allocated to the Members pursuant to Section 4.1.2(d) until the aggregate Net Income allocated to the Members pursuant to this Section 4.1.1 (a) for such fiscal year and all previous fiscal years is equal to the aggregate Net Loss allocated to the Members pursuant to Section 4.1.2(d) for all previous fiscal years; (2) Second, to Houston Louisville Hotel, Inc. L.P. until Houston Louisville Hotel, Inc. L.P. has been allocated a net amount equal to its Preferred Return for all fiscal years; (3) Third, to Ridgewood Hotels, Inc. until Ridgewood Hotels, Inc. has been allocated a net amount equal to its Preferred Return for all fiscal years; and (4) Thereafter, 80% to Houston Hotel, Inc. and 20% to Ridgewood Hotels, Inc., and 80% to Louisville Hotel, L.P.

Net Income Allocations. After giving effect to the special allocations set forth in Sections 4.3 and 4.4, Net Income for any fiscal year shall be allocated as follows: (1) First, between the Members in proportion to and to the extent of Net Loss allocated to the Members pursuant to Section 4.1.2(d4.2.2(d) until the aggregate Net Income allocated to the Members pursuant to this Section 4.1.14.2.1 (a) for such fiscal year and all previous fiscal years is equal to the aggregate Net Loss allocated to the Members pursuant to Section 4.1.2(d4.2.2(d) for all previous fiscal years; (2) Second, to Houston Hotel, Inc. until Houston Hotel, Inc. has been allocated a net amount equal to its Preferred Return for all fiscal years; (3) Third, to Ridgewood Hotels, Inc. until Ridgewood Hotels, Inc. has been allocated a net amount equal to its Preferred Return for all fiscal years; and (4) Thereafter, 8090% to Houston Hotel, Inc. and 2010% to Ridgewood Hotels, Inc.