Common use of Net Profits Clause in Contracts

Net Profits. Net Profits of the Partnership for any fiscal year or other period shall be allocated to the Partners as follows: (i) First, to those Partners having negative Capital Account balances, in proportion to such negative balances, until such negative balances are eliminated; (ii) Second, to those Partners for whom the Initial Capital Contribution reduced by distributions of Extraordinary Cash Flow under Section 9(c)(i) (the “Unrepaid Capital Contribution”) exceeds its Capital Account balance, in proportion to such excesses, until any such excesses are eliminated; and (iii) Any remaining net losses shall be allocated to the Partners in proportion to their respective Profits Interests in the Partnership.

Net Profits. Net Profits of the Partnership for any fiscal year or other period shall be allocated to the Partners as follows: (i) First, to those Partners having negative Capital Account balances, in proportion to such negative balances, until such negative balances are eliminated; (ii) Second, to those Partners for whom the Initial Capital Contribution reduced by distributions of Extraordinary Cash Flow under Section 9(c)(i9 (i) (the “Unrepaid Capital Contribution”) exceeds its Capital Account balance, in proportion to such excesses, until any such excesses are eliminated; and (iii) Any remaining net losses shall be allocated to the Partners in proportion to their respective Profits Interests in the Partnership.

Net Profits. Net Profits of the Partnership for any fiscal year or other period shall be allocated to the Partners as follows: (i) First, to those Partners having negative Capital Account balances, in proportion to such negative balances, until such negative balances are eliminated; (ii) Second, to those Partners for whom the Initial Capital Contribution reduced by distributions of Extraordinary Cash Flow under Section 9(c)(i9(c) (i) (the “Unrepaid Capital Contribution”) exceeds its Capital Account balance, in proportion to such excesses, until any such excesses are eliminated; and (iii) Any remaining net losses shall be allocated to the Partners in proportion to their respective Profits Interests in the Partnership.