Participation in Profits and Losses. All profits and losses of the Company will be allocated to the Member.
Participation in Profits and Losses. 5.1 [RESERVED]
Participation in Profits and Losses. 5.1 - Expenses of the Partnership.
(i) the costs of legal, audit, custodial and banking fees and expenses, cost of portfolio valuation, Limited Partner registration and accounting services, reporting and making distributions to Limited Partners and communications with Limited Partners, fees and expenses related to this Agreement and Subscription Agreements and Transfer Forms;
(ii) brokerage fees and commissions and other expenses of portfolio transactions;
(iii) the management fees and performance fees in accordance with Schedule A;
(iv) interest charges should the Partnership be required to borrow;
(v) the costs of travel, accommodation, and other expenses associated with due diligence on invested companies and investment opportunities for the Partnership; and
(vi) any provincial and federal taxes levied on any such costs and expenses and any other taxes directly attributable to the Partnership.
Participation in Profits and Losses. 5.1 Allocation of Net Income or Losses. 38 5.2 Allocation for Capital Account Purposes. 38 5.3 Allocation of Net Income and Losses for Tax Purposes. 42 5.4 Distributions. 44 5.5 Repayments. 46
Participation in Profits and Losses. For accounting and federal income tax purposes, except as herein otherwise specifically provided, all income, deductions, credits, gains and losses of the Partnership shall be allocated to the Partners sixty percent (60%) to _______________ and forty percent (40%) to _______________________.
Participation in Profits and Losses. 25 ARTICLE 6 REIMBURSEMENT OF EXPENSES 30 ARTICLE 7 WITHDRAWAL OR RETURN OF CAPITAL CONTRIBUTIONS 30
Participation in Profits and Losses. General Accounting Matters 35 5.2. GP-Related Capital Accounts 37 5.3. GP-Related Profit Sharing Percentages 38 5.4. Allocations of GP-Related Net Income (Loss) 38 5.5. Liability of Members 39 5.6. [Intentionally omitted.] 40 5.7. Repurchase Rights, etc. 40 5.8. Distributions 40 -i- TABLE OF CONTENTS (continued) Page 5.9. Business Expenses 47 5.10. Tax Capital Accounts; Tax Allocations 47
Participation in Profits and Losses. 2.3.1 The net profits of the Partnership shall be divided and the net losses of the partnership shall be allocated to the Partners according to their respective Partnership Ownership Percentage Interests. No interest or additional share of profits shall inure to any Partner by reason of his capital account being proportionately in excess of the capital accounts of the others.
2.3.2 The "cash available for distribution" for any fiscal year of the Joint Venture shall be the cash receipts of the Joint Venture during such fiscal year, less (i) the cash disbursements during such period (including principal and interest payments on all Joint Venture obligations) and (ii) any amounts which the Managing Partner reasonably determines to be necessary to be reserved to meet the needs of the Joint Venture's business. The cash available for distribution shall be distributed to and allocated among the Partners at such time as the Managing Partner shall determine, but at least annually, in accordance with their Partnership Ownership Percentage Interests.
Participation in Profits and Losses. 2.3.1 The net profits of the Partnership shall be divided and the net losses of the partnership shall be allocated to the Partners according to their respective Membership Interests. No interest or additional share of profits shall inure to any Partner by reason of its capital account being proportionately in excess of the capital accounts of the others.
2.3.2 The "cash available for distribution" for any fiscal year of the Joint Venture shall be the cash receipts of the Joint Venture during such fiscal year, less (i) the cash disbursements during such period (including principal and interest payments on all Joint Venture obligations) and (ii) any amounts which the Managing Partner reasonably determines to be necessary to be reserved to meet the needs of the Business. The cash available for distribution shall be distributed to and allocated among the Partners at such time as the Managing Partner shall determine, but at least annually, in accordance with their percentage of Membership Interests.
Participation in Profits and Losses. Partners shall participate in the net profits and net losses of the Partnership according to the following percentages which shall be reviewed annually by the Partners:
1. Partner Alpha %;
2. Partner Beta %;
3. Partner Delta %; and
4. Partner Sigma %;
