Participation in Profits and Losses. All profits and losses of the Company will be allocated to the Member.
Participation in Profits and Losses. 5.1 [RESERVED]
Participation in Profits and Losses. 5.1 - Expenses of the Partnership.
(i) the costs of legal, audit, custodial and banking fees and expenses, cost of portfolio valuation, Limited Partner registration and accounting services, reporting and making distributions to Limited Partners and communications with Limited Partners, fees and expenses related to this Agreement and Subscription Agreements and Transfer Forms;
(ii) brokerage fees and commissions and other expenses of portfolio transactions;
(iii) the management fees and performance fees in accordance with Schedule A;
(iv) interest charges should the Partnership be required to borrow;
(v) the costs of travel, accommodation, and other expenses associated with due diligence on invested companies and investment opportunities for the Partnership; and
(vi) any provincial and federal taxes levied on any such costs and expenses and any other taxes directly attributable to the Partnership.
Participation in Profits and Losses. 5.1 Allocation of Net Income or Losses. 38 5.2 Allocation for Capital Account Purposes. 38 5.3 Allocation of Net Income and Losses for Tax Purposes. 42 5.4 Distributions. 44 5.5 Repayments. 46
Participation in Profits and Losses. 34 Section 7.1 Allocation of Net Income or Loss 34 Section 7.2 Distributions 35 Section 7.3 Repayments 37 Section 7.4 Payment of Taxes 37 ARTICLE 8 — FEES AND EXPENSES 38 Section 8.1 Expenses of the Partnership 38 Section 8.2 Dealer Compensation 39 Section 8.3 Management Fee 39 ARTICLE 9 — WITHDRAWAL OF CAPITAL CONTRIBUTIONS 39 Section 9.1 No Redemption at the Option of Limited Partners 39 Section 9.2 Suspension of Calculation of Net Asset Value and Redemptions 39 Section 9.3 Redemption Proceeds 39 Section 9.4 Redemption at the Option of the General Partner 40 ARTICLE 10 - MANAGEMENT OF LIMITED PARTNERSHIP 40 Section 10.1 Authority of General Partner 40 Section 10.2 Specific Powers and Duties 41 Section 10.3 Remuneration of General Partner 44 Section 10.4 Title to Property 44 Section 10.5 Exercise of Duties 44 Section 10.6 Limitation of Liability 44 Section 10.7 Indemnity of General Partner 44 Section 10.8 Resolution of Conflicts of Interest 45 Section 10.9 Other Matters Concerning the General Partner 46 Section 10.10 Indemnity of Partnership 46 Section 10.11 Restrictions upon the General Partner 46 Section 10.12 Employment of an Affiliate or Associate 47 Section 10.13 Removal of General Partner 47 Section 10.14 Voluntary Withdrawal of General Partner 47 Section 10.15 Condition Precedent 47 Section 10.16 Transfer to New General Partner 48 Section 10.17 Transfer of Title to New General Partner 48 Section 10.18 Release by Partnership 48 Section 10.19 New General Partner 48 Section 10.20 Transfer of General Partner Interest 48 ARTICLE 11 — MANAGEMENT AND ADVISORY SERVICES 49 Section 11.1 Managing the Investments of the Partnership 49 ARTICLE 12 — FINANCIAL INFORMATION 49 Section 12.1 Books and Records 49 Section 12.2 Reports 49 Section 12.3 Income Tax Information 50 Section 12.4 Right to Inspect Partnership Books and Records 50 Section 12.5 Accounting Policies 50 Section 12.6 Appointment of Auditor 51 ARTICLE 13 — MEETINGS OF THE LIMITED PARTNERS 51 Section 13.1 Requisitions of Meetings 51 Section 13.2 Place of Meeting 51 Section 13.3 Notice of Meeting 51 Section 13.4 Record Dates 52 Section 13.5 Proxies 52 Section 13.6 Validity of Proxies 52 Section 13.7 Form of Proxy 53 Section 13.8 Revocation of Proxy 53 Section 13.9 Corporations 53 Section 13.10 Attendance of Others 53 Section 13.11 Chairman 53 Section 13.12 Quorum 53 Section 13.13 Voting 54 Section 13.14 Poll 54
Participation in Profits and Losses. All Profits and Losses of the Company will be allocated to the Member(s). In the event additional Members are admitted, each Member will participate in profits and losses as they may then agree in writing.
Participation in Profits and Losses. As specified below, the the holder of a Class D-2 Unit is entitled to a portion of the net profits (and
Participation in Profits and Losses. As specified below, the holder of a Category C-2 Unit is entitled to a portion of the net profits (and
Participation in Profits and Losses. The net income of the Company for each financial year, deductions made from the amounts mentioned in clause 2.01.03 hereof, will be divided between the General Partner and the Sponsors as follows:
2.04.01 Class A Unit holders - “General Partner” at) In profits
Participation in Profits and Losses. As specified below, the
