Sharing of Profits and Losses. Net profits and losses of the partnership shall inure to, and be borne by, the partners in proportion to the value of each of their capital accounts.
Sharing of Profits and Losses. Net profits and losses of the partnership shall inure to, and be borne by partners in proportion to the value of each of their capital accounts Books of Accounts: Books of account of the transactions of the partnership shall be kept and at all times be available and open to inspection and examination by any partner. Annual Accounting: Each calendar year, a full and complete account of the condition of the partnership shall be made to the partners.
Sharing of Profits and Losses. Net profits and losses of PI shall inure to and be borne by the partners, in proportion to the value of each of their capital accounts. Income and expenses will be allocated to each partner on the date they occur, based on the number of units of ownership each partner has on that date.
Sharing of Profits and Losses. As provided in the Agreement, the Parties share equally (50%/50%) the Profit or Loss for each quarterly period.
Sharing of Profits and Losses. After the consent of the company by the registration authority and the registration of shareholder change, Party B shall become the shareholder of Guangxi Yousen Network Technology Co., Ltd., and share the profits and losses of the company according to the proportion of capital contribution and the articles of association.
Sharing of Profits and Losses. The profits and losses of CarbonMeta Green Building Materials, LLC shall be allocated among the members on the basis of each member’s relative capital accounts.
Sharing of Profits and Losses. 5.1 Both Parties agree to share the profit and losses incurred by the joint-venture according to their actual shareholding in the joint-venture.
Sharing of Profits and Losses. 6. The profits and losses of the business (including loss of capital shall be divided and borne by the partners in equal shares. Remuneration of Working Partners
Sharing of Profits and Losses. 7.1 The Partnership shall make accounting of and distribute the profits of the Partnership each fiscal year. The distributable income of the Partnership shall be distributed to the partners as soon as possible and no later than sixty (60) working days after the end of the fiscal year in which such receivables occurs.
Sharing of Profits and Losses. For U.S. tax purposes and for financial accounting purposes, any income, gain, deductions (including depreciation), losses and credits (including any tax payments) of the Company (or items thereof) shall be allocated to the Shareholders on the basis of their respective Distributable Percentages; provided, however, at such time as either Shareholder has been allocated aggregate depreciation deductions equal to its Capital Contributions, all subsequent depreciation deductions shall be allocated to the other Shareholder until it has also been allocated aggregate depreciation deductions equal to its Capital Contributions.
