Partnership Losses definition

Partnership Losses means, with respect to a particular period, the unconsolidated net loss, if any, of the Partnership for such period determined in accordance with GAAP;
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Partnership Losses has the meaning set forth in Section 4(c) hereof.
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Partnership Losses means all losses of the Partnership and whether on capital or income account or otherwise. Partnership Profits means any after tax profits of the Partnership including profits generated by the Business or any other investments.
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Examples of Partnership Losses in a sentence

  • Such payments to a Partner shall not reduce the Capital Account of such Partner, except to the extent of its distributive share of any Partnership Losses or other downward capital adjustment resulting from such payment.

  • The Capital Account for each Partner shall be decreased by: (1) the amount of money distributed to the Partner by the Partnership; (2) the fair market value of property distributed to the Partner by the Partnership (net of liabilities that such Partner is considered to assume or take subject to under Code Section 752); and (3) allocations to the Partner of Partnership Losses (or items thereof).

  • Any remaining amount of such Partnership Losses (or items thereof) shall be allocated 100 percent (100%) to the General Partner.

  • Except as otherwise required by the Act or ----------------------- in connection with a claim against a Limited Partner for recovery of distributions received by such Limited Partner in violation of this Agreement, the liability of each Limited Partner for Partnership Losses shall not exceed the value of such Limited Partner's interest in the Partnership.

  • For clarity, all revenues and payments received by the Partnership from the conduct of the Business will be revenues of the Partnership and will form part of the Partnership Profit or Partnership Losses for each Fiscal Year and will be allocated among the Partners in accordance herewith.

  • As of any date, the "Capital Account" of any Partner is equal to his actual Capital Contributions paid or contributed to the Partnership, (i) increased to reflect his allocable share of Partnership Profits for each Fiscal Year (or fraction thereof), and (ii) decreased to reflect his allocable share of Partnership Losses for each Fiscal Year (or fraction thereof) and the amount of all distributions by the Partnership to the Partner.

  • For clarity, all revenues and payments received by the Partnership from the conduct of the Business in respect of the Project will be revenues of the Partnership and will form part of the Partnership Profit or Partnership Losses for each Fiscal Year and will be allocated among the Partners in accordance herewith.

  • Losses to be borne in Proportions If the Partnership Profits and the Capital are insufficient to cover the Partnership Losses or expenses, then the Partners will bear any of those Partnership Losses or expenses in the Proportion.

  • Partnership losses other than Real Estate Losses (the "Other Partnership Losses") for each Fiscal Year shall be allocated among the Partners in accordance with their respective Percentage Interests.

  • The "Net Profit" of the Partnership for a fiscal period shall mean the excess of Partnership Profits over Partnership Losses.


More Definitions of Partnership Losses

Partnership Losses. , in relation to a partner, means losses of the partnership business incurred while he is a partner.
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