Profit and Loss Allocation. 4.1 The Business Partners will share the profits and losses of the Business Partnership as follows:
Profit and Loss Allocation. (a) All Net Profits and Net Loss of the Company for any fiscal year or other applicable period, determined in accordance with applicable provisions of the Code and this Agreement, shall be allocated among the Members in proportion to their Percentage Interests.
Profit and Loss Allocation. 4.1 Net Profit or Net Loss. Net profit or net loss for any fiscal year shall be allocated among the Members in proportion to such Member's Membership Interests when compared to the total Membership Interests of the Company (said proportional interest shall hereinafter be referred to as the Members' "Percentage Interest").
Profit and Loss Allocation. The Sellers and the Buyers -------------------------- agree that the profit and loss of Florimex Germany and its subsidiaries that are participants in the Organschaft and taxes with respect thereto for the fiscal year ended June 30, 1998, and for the interim period from July 1, 1998 until and including the Closing Date shall be allocated to and shall inure to the benefit of the Sellers, and that the profit and loss of Florimex Germany and its subsidiaries that are participants in the Organschaft and taxes with respect thereto after the Closing Date shall be allocated to and inure to the benefit of the Buyers. The Sellers covenant and agree that, at or before Closing, they will, in a manner reasonably acceptable to Buyers, assign or terminate all existing profit and loss transfer agreements and/or domination agreements and all agreements of like import, with respect to Florimex Germany and its subsidiaries that are participants in the Organschaft so as to effectuate the purpose and intent of the immediately preceding sentence, and shall cooperate with the Buyers to execute all such documents and do all such other acts and things as may be reasonably necessary in order to give effect to this Section 9.05.
Profit and Loss Allocation. 4.1 Net Profit or Net Loss 4.2 Allocations in General 4.3 Distribution of Cash 4.4 Allocations with Respect to Varying Interests
Profit and Loss Allocation. Items of Profit and Loss shall be determined and allocated separately for each Tranche. All items of Profit and Loss attributable to a Tranche shall be allocated as follows:
Profit and Loss Allocation. The Company and the Shareholder agree that (i) the purchase price paid for the Participating Shares pursuant to the Subscription Agreement, (ii) the amount of any Acceptable Security, (iii) the Consideration (as defined below) and (iv) Investment Income (as defined below) shall be allocated to the Participating Shares on the Company’s books and records, and pursuant to the Shareholder’s election to utilize a segregated account pursuant to the Company's registration under the Act. Such amounts allocated to the Participating Shares will be reduced by (i) Incurred Losses (as defined below), (ii) Allocated Loss Adjustment Expenses (as defined below) and (iii) Expenses (as defined below). The term “Consideration” as used in this Agreement shall mean the consideration paid to the Reinsurer.
Profit and Loss Allocation. The parties each acknowledge and agree that Assignor shall be allocated Assignor’s distributive share of the income, gain, loss, deductions and credits of the Company with respect to the Membership Interest for all taxable periods prior to the Effective Date (or on a proportionate basis for any partial year based upon the Effective Date, at the election of the Company). Assignee shall be allocated all income, gain, loss, deductions and credits of the Company with respect to the Membership Interest for all taxable periods following the Effective Date (or on a proportionate basis for any partial year based upon the Effective Date, at the election of the Company). As of the Effective Date, Assignor shall be entitled to no further distributions from the Company.
Profit and Loss Allocation
