PARTNERSHIP SHARES. A. As used herein, "profits" shall include, without limitation, each item of Partnership income and gain, and "losses" shall include, without limitation, each item of loss, and deductions as determined for Federal income tax purposes, and "Partnership Share" shall be as set forth on EXHIBIT A attached hereto. All profits or losses from the operations of the Partnership (including the sale or refinancing of the Property) for a fiscal year or part thereof shall be allocated to the Partners based upon their respective Partnership Shares.
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Samples: Partnership Agreement (JMB Mortgage Partners LTD Iv), Partnership Agreement (JMB Mortgage Partners LTD Iii)
PARTNERSHIP SHARES. A. As used herein, "profits" shall include, without limitation, each item of Partnership income and gain, and "losses" shall include, without limitation, each item of loss, loss and deductions as determined for Federal income tax purposes, and "Partnership Share" shall be as set forth on EXHIBIT A attached heretomeans, 99.9% with respect to Arvida/JMB, L.P. and .1% with respect to Managers. All profits or losses from the operations of the Partnership (including the sale or refinancing of the Property) for a fiscal year or part thereof shall be allocated to the Partners based upon their respective Partnership Shares.
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