Profits and Losses from Operations Sample Clauses

Profits and Losses from Operations. A. Except as otherwise provided in Sections 6.5, 6.7, 6.8 and 6.12 hereof, Profits and Losses (exclusive of those from the sale or disposition of Partnership Property) shall be allocated 99% to the Limited Partners and 1% to the General Partner, such Profits and Losses to be determined on the same basis as for Partnership income tax purposes. If the General Partner contributes in excess of 1% of the Partnership's capital, then the General Partner's interest in Profits and Losses will be equal to the percentage contributed.
Sample 1
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Profits and Losses from Operations. Except as otherwise provided, in Sections 4.2(c), 4.3, 4.4 and 8.2(d), Profits and Losses from Operations for any Fiscal Period shall be allocated 95% to the Unitholders and 5% to the General Partners.
Sample 1
Profits and Losses from Operations. Gross Income and Gain from Sale and Loss from Sale for the fiscal year in which the liquidation of JetFleet II occurs shall be allocated among the Unitholders and the General Partners in such a manner as to first eliminate any deficit balances in the Capital Accounts of the Unitholders or the General Partners, and thereafter, to bring the Capital Accounts balances of the Unitholders and the General Partners into such proportion that the distribution of liquidation proceeds in accordance with Section 8.2(b)(iv) will produce, as nearly as possible, the same result as a distribution of such proceeds in accordance with Section 4.1(a).
Sample 1
Profits and Losses from Operations. The Profits and Losses incurred by the Partnership during each Fiscal Year, other than from a Dissolution Event, shall be credited or charged on a pro rata basis, as the case may be, at the close of such Fiscal Year (or on such earlier date(s) as there is an adjustment of the Percentage Interests of the Partners) to the Capital Accounts of the Partners in accordance with the Percentage Interests of the Partners.
Sample 1

Related to Profits and Losses from Operations

  • Profits and Losses Distributions The Member shall treat all of the profits and losses of the Company as its own. All distributions shall be made to the Member at times and in amounts determined by the Member or the Board of Managers. The Company shall not make distributions to the Member if such distribution would violate Section 18-607 of the Act.

  • Profits and Losses For financial accounting and tax purposes, the Company’s net profits or net losses shall be determined on an annual basis in accordance with the manner determined by the Board. In each year, profits and losses shall be allocated entirely to the Member.

  • Allocation of Profits and Losses The Company’s profits and losses shall be allocated to the Member.

  • Net Termination Gains and Losses After giving effect to the special allocations set forth in Section 6.1(d), all items of income, gain, loss and deduction taken into account in computing Net Termination Gain or Net Termination Loss for such taxable period shall be allocated in the same manner as such Net Termination Gain or Net Termination Loss is allocated hereunder. All allocations under this Section 6.1(c) shall be made after Capital Account balances have been adjusted by all other allocations provided under this Section 6.1 and after all distributions of Available Cash provided under Sections 6.4 and 6.5 have been made; provided, however, that solely for purposes of this Section 6.1(c), Capital Accounts shall not be adjusted for distributions made pursuant to Section 12.4.

  • Participation in Profits and Losses All profits and losses of the Company will be allocated to the Member.

  • Allocations of Profits and Losses Except as otherwise provided in this Agreement, Profits and Losses (and, to the extent necessary, individual items of income, gain or loss or deduction of the Partnership) shall be allocated in a manner such that the Capital Account of each Partner after giving effect to the Special Allocations set forth in Section 5.05 is, as nearly as possible, equal (proportionately) to (i) the distributions that would be made pursuant to Article IV if the Partnership were dissolved, its affairs wound up and its assets sold for cash equal to their Carrying Value, all Partnership liabilities were satisfied (limited with respect to each non-recourse liability to the Carrying Value of the assets securing such liability) and the net assets of the Partnership were distributed to the Partners pursuant to this Agreement, minus (ii) such Partner’s share of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain, computed immediately prior to the hypothetical sale of assets. For purposes of this Article V, each Unvested Unit shall be treated as a Vested Unit. Notwithstanding the foregoing, the General Partner shall make such adjustments to Capital Accounts as it determines in its sole discretion to be appropriate to ensure allocations are made in accordance with a partner’s interest in the Partnership.

  • Net Losses After giving effect to the special allocations set forth in Section 6.1(d), Net Losses for each taxable period and all items of income, gain, loss and deduction taken into account in computing Net Losses for such taxable period shall be allocated as follows:

  • Apportionment of Earnings and Profits and Tax Attributes (a) Tax Attributes arising in a Pre-Distribution Period will be allocated to (and the benefits and burdens of such Tax Attributes will inure to) the members of the Parent Group and the members of the SpinCo Group in accordance with the Code, Treasury regulations and any other Applicable Tax Law, and, in the absence of controlling legal authority or unless otherwise provided under this Agreement, Tax Attributes shall be allocated to the legal entity that created such Tax Attributes.

  • Allocation of Net Profits and Net Losses As of the last day of each Fiscal Period, any Net Profits or Net Losses for the Fiscal Period shall be allocated among and credited to or debited against the Capital Accounts of the Members in accordance with their respective Investment Percentages for such Fiscal Period.

  • Net Income and Net Loss All net income or net loss of the Company shall be for the account of the Member.

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