Profit. After giving effect to the special allocations in Sections 5.1(c), 5.1(d) and 5.1(e), Profit of the Partnership for each Partnership Year or other applicable period of the Partnership shall be allocated to the Partners in the following order and priority: (i) Profit shall be allocated to the General Partner until the cumulative Profit allocated to the General Partner pursuant to this Section 5.1(a)(i) equals the cumulative Loss allocated to the General Partner pursuant to Section 5.1(b)(ii). (ii) Profit shall be allocated to the Partners (other than the Special Limited Partner) in accordance with their Percentage Interests.
Appears in 6 contracts
Samples: Limited Partnership Agreement (NorthStar Real Estate Income II, Inc.), Limited Partnership Agreement (NorthStar Real Estate Income II, Inc.), Limited Partnership Agreement (NorthStar Healthcare Income, Inc.)
Profit. After giving effect to the special allocations in Sections 5.1(c), 5.1(d) and 5.1(e), Profit of the Partnership for each Partnership Year or other applicable period of the Partnership shall be allocated to the Partners in the following order and priority:
(i) Profit shall be allocated to the General Partner, including, as applicable, with respect to Limited Partner Interests held by the General Partner, until the cumulative Profit allocated to the General Partner pursuant to this Section 5.1(a)(i) equals the cumulative Loss allocated to the General Partner pursuant to Section 5.1(b)(ii).
(ii) Profit shall be allocated to the Partners (other than the Special Limited Partner) in accordance with their Percentage Interests.
Appears in 3 contracts
Samples: Limited Partnership Agreement (NorthStar/RXR New York Metro Real Estate, Inc.), Limited Partnership Agreement (NorthStar/RXR New York Metro Income, Inc.), Limited Partnership Agreement (NorthStar/RXR New York Metro Income, Inc.)
Profit. After giving effect to the special allocations in Sections 5.1(c), 5.1(d) ), 5.1(e), and 5.1(e5.1(f), Profit of the Partnership for each Partnership Year fiscal year or other applicable period of the Partnership shall be allocated to the Partners in the following order and priority:
(i) Profit shall be allocated to the General Partner until the cumulative Profit allocated to the General Partner pursuant to this Section 5.1(a)(i) equals the cumulative Loss allocated to the General Partner pursuant to Section 5.1(b)(ii).
(ii) Profit shall be allocated to the Partners (other than the Special Limited Partner) in accordance with their Percentage Interests.
Appears in 2 contracts
Samples: Limited Partnership Agreement (O'Donnell Strategic Industrial REIT, Inc.), Limited Partnership Agreement (O'Donnell Strategic Gateway REIT, Inc.)
Profit. After giving effect to the special allocations in Sections 5.1(c5.l(c), 5.1(d) 5.l(d), 5.l(e), and 5.1(e5.l(f), Profit of the Partnership for each Partnership Year fiscal year or other applicable period of the Partnership shall be allocated to the Partners in the following order and priority:
: (i) Profit shall be allocated to the General Partner until the cumulative Profit allocated to the General Partner pursuant to this Section 5.1(a)(i5.l(a)(i) equals the cumulative Loss allocated to the General Partner pursuant to Section 5.1(b)(ii5.l(b)(ii).
. (ii) Profit shall be allocated to the Partners (other than the Special Limited Partner) in accordance with their Percentage Interests.
Appears in 1 contract
Samples: Limited Partnership Agreement (Steadfast Apartment REIT, Inc.)
Profit. After giving effect to the special allocations in Sections 5.1(c), 5.1(d) and 5.1(e), Profit profit of the Partnership for each Partnership Year or other applicable period of the Partnership shall be allocated to the Partners in the following order and priority:
(i) Profit shall be allocated to the General Partner until the cumulative Profit allocated to the General Partner pursuant to this Section 5.1(a)(i) equals the cumulative Loss allocated to the General Partner pursuant to Section 5.1(b)(ii).
(ii) Profit shall be allocated to the Partners (other than the Special Limited Partner) in accordance with their Percentage Interests.
Appears in 1 contract
Samples: Limited Partnership Agreement (Moody National REIT II, Inc.)
Profit. After giving effect to the special allocations in Sections 5.1(c) and 5.1(d), 5.1(d) and 5.1(e), Profit profit of the Partnership for each Partnership Year or other applicable period of the Partnership shall be allocated to the Partners in the following order and priority:
(i) Profit shall be allocated to the General Partner until the cumulative Profit allocated to the General Partner pursuant to this Section 5.1(a)(i) equals the cumulative Loss allocated to the General Partner pursuant to Section 5.1(b)(ii).
(ii) Profit shall be allocated to the Partners (other than the Special Limited Partner) in accordance with their Percentage Interests.
Appears in 1 contract
Samples: Limited Partnership Agreement (Moody National REIT II, Inc.)