{"component": "definition", "props": {"groups": [{"size": 228, "snippet_links": [], "samples": [{"hash": "9pvCLrkhXtE", "uri": "/contracts/9pvCLrkhXtE#profit", "label": "Limited Partnership Agreement (Fidelity Core Real Estate Fund)", "score": 37.3203277588, "published": true}, {"hash": "da64IfQWwwb", "uri": "/contracts/da64IfQWwwb#profit", "label": "Limited Partnership Agreement (Blackstone Real Estate Income Trust, Inc.)", "score": 36.8412055969, "published": true}, {"hash": "hzQedpjG9Ff", "uri": "/contracts/hzQedpjG9Ff#profit", "label": "Limited Partnership Agreement (Blue Owl Digital Infrastructure Trust)", "score": 36.7700195312, "published": true}], "snippet": "has the meaning provided in Section 5.1(e) hereof.", "hash": "1eb325b62c40bab4c364e136c2ce3e41", "id": 1}, {"size": 186, "snippet_links": [{"key": "taxable-year", "type": "definition", "offset": [27, 39]}, {"key": "of-the-company", "type": "clause", "offset": [40, 54]}, {"key": "other-period", "type": "definition", "offset": [59, 71]}, {"key": "profit-or-loss", "type": "clause", "offset": [82, 96]}, {"key": "taxable-income-or-loss", "type": "definition", "offset": [129, 151]}, {"key": "in-accordance-with", "type": "definition", "offset": [163, 181]}, {"key": "the-code", "type": "clause", "offset": [182, 190]}], "samples": [{"hash": "clfVvy9EvmQ", "uri": "/contracts/clfVvy9EvmQ#profit", "label": "Operating Agreement", "score": 32.7460441589, "published": true}, {"hash": "iKGTrwnakkT", "uri": "/contracts/iKGTrwnakkT#profit", "label": "Limited Liability Company Agreement (Exelon Generation Co LLC)", "score": 31.590007782, "published": true}, {"hash": "etI8oXV9nbY", "uri": "/contracts/etI8oXV9nbY#profit", "label": "Limited Liability Company Agreement (Exelon Generation Co LLC)", "score": 30.3305950165, "published": true}], "snippet": "and \u201cLoss\u201d means, for each taxable year of the Company (or other period for which Profit or Loss must be computed) the Company\u2019s taxable income or loss determined in accordance with the Code.", "hash": "8c56d7d77abcba69bbae4190f0be1397", "id": 2}, {"size": 174, "snippet_links": [{"key": "in-this-agreement", "type": "definition", "offset": [71, 88]}, {"key": "in-accordance-with", "type": "definition", "offset": [109, 127]}, {"key": "accounting-principles", "type": "definition", "offset": [147, 168]}, {"key": "profit-and-loss", "type": "definition", "offset": [236, 251]}, {"key": "pursuant-to-sections", "type": "clause", "offset": [333, 353]}, {"key": "all-items", "type": "definition", "offset": [443, 452]}, {"key": "federal-income-tax-purposes", "type": "clause", "offset": [476, 503]}, {"key": "section-51", "type": "clause", "offset": [574, 585]}, {"key": "code-and-regulations", "type": "definition", "offset": [641, 661]}, {"key": "the-general-partner", "type": "clause", "offset": [685, 704]}, {"key": "authority-to", "type": "definition", "offset": [720, 732]}, {"key": "the-method", "type": "definition", "offset": [739, 749]}, {"key": "by-the-partnership", "type": "clause", "offset": [761, 779]}, {"key": "as-required-by", "type": "clause", "offset": [830, 844]}, {"key": "depreciation-deductions", "type": "definition", "offset": [987, 1010]}, {"key": "all-partners", "type": "clause", "offset": [1050, 1062]}], "samples": [{"hash": "jZj5pJ0W7OS", "uri": "/contracts/jZj5pJ0W7OS#profit", "label": "Limited Partnership Agreement (SmartStop Self Storage REIT, Inc.)", "score": 36.8494186401, "published": true}, {"hash": "pcBC4KC7eP", "uri": "/contracts/pcBC4KC7eP#profit", "label": "Limited Partnership Agreement (Strategic Storage Trust VI, Inc.)", "score": 33.1998634338, "published": true}, {"hash": "aiMaRbMziHV", "uri": "/contracts/aiMaRbMziHV#profit", "label": "Limited Partnership Agreement (Strategic Storage Trust VI, Inc.)", "score": 32.4031486511, "published": true}], "snippet": "and \u201cLoss\u201d and any items of income, gain, expense, or loss referred to in this Agreement shall be determined in accordance with federal income tax accounting principles, as modified by Regulations Section 1.704-1(b)(2)(iv), except that Profit and Loss shall not include items of income, gain and expense that are specially allocated pursuant to Sections 5.1(b), 5.1(c) or 5.1(d). All allocations of income, Profit, gain, Loss and expense (and all items contained therein) for federal income tax purposes shall be identical to all allocations of such items set forth in this Section 5.1, except as otherwise required by Section 704(c) of the Code and Regulations Section 1.704-1(b)(4). The General Partner shall have the authority to elect the method to be used by the Partnership for allocating items of income, gain, and expense as required by Section 704(c) of the Code including a method that may result in a Partner receiving a disproportionately larger share of the Partnership tax depreciation deductions, and such election shall be binding on all Partners.", "hash": "eb38486bac8ca627fa571807603e2394", "id": 3}, {"size": 131, "snippet_links": [{"key": "total-revenue", "type": "clause", "offset": [18, 31]}, {"key": "operating-expenses", "type": "definition", "offset": [41, 59]}, {"key": "interest-paid", "type": "definition", "offset": [61, 74]}, {"key": "net-revenue", "type": "clause", "offset": [130, 141]}], "samples": [{"hash": "jyX3ldf8w4L", "uri": "/contracts/jyX3ldf8w4L#profit", "label": "Grant Agreement", "score": 33.4906082153, "published": true}, {"hash": "bn07ool8Qfr", "uri": "/contracts/bn07ool8Qfr#profit", "label": "Inter Governmental Grant Agreement", "score": 33.0717926025, "published": true}, {"hash": "QiR0yzhchY", "uri": "/contracts/QiR0yzhchY#profit", "label": "Grant Agreement", "score": 33.0717926025, "published": true}], "snippet": "means an entity\u2019s total revenue less its operating expenses, interest paid, depreciation, and taxes. \u201cProfit\u201d is synonymous with \u201cNet Revenue.\u201d", "hash": "28790cd821566bb2d79cfec2b522bfa8", "id": 4}, {"size": 112, "snippet_links": [{"key": "eligible-costs-of-the-action", "type": "clause", "offset": [45, 73]}, {"key": "revenue-generated", "type": "definition", "offset": [147, 164]}, {"key": "affiliated-entities", "type": "clause", "offset": [201, 220]}], "samples": [{"hash": "iTJD3lvRiYn", "uri": "https://ec.europa.eu/regional_policy/sources/whats-new/tenders-and-grants/calls-for-proposal/2022_16_0at_291/call_proposals_en.pdf", "label": "ec.europa.eu", "score": 15.1226224899, "published": false}, {"hash": "fEQgslCCRFt", "uri": "https://frontex.europa.eu/assets/About_Frontex/Grants/2021/FPA/CALL_FOR_PROPOSALS_2021_CFP_POST_01.pdf", "label": "Framework Partnership Agreement", "score": 12.9219713211, "published": false}, {"hash": "Addz5wVNec", "uri": "https://ec.europa.eu/regional_policy/sources/whats-new/tenders-and-grants/calls-for-proposal/2021_16_0at_144/call_proposals_en.pdf", "label": "ec.europa.eu", "score": 12.8385591507, "published": false}], "snippet": "means the surplus of receipts over the total eligible costs of the action, where receipts are the amount obtained following Steps 1 and 2 plus the revenue generated by the action for beneficiaries and affiliated entities other than non-profit organisations.", "hash": "43e472d743b9236c8bccd0eb6a549a98", "id": 5}, {"size": 86, "snippet_links": [{"key": "in-this-agreement", "type": "definition", "offset": [71, 88]}, {"key": "in-accordance-with", "type": "definition", "offset": [109, 127]}, {"key": "accounting-method", "type": "definition", "offset": [132, 149]}, {"key": "by-the-partnership", "type": "clause", "offset": [155, 173]}, {"key": "for-us", "type": "clause", "offset": [174, 181]}, {"key": "federal-income-tax-purposes", "type": "clause", "offset": [183, 210]}, {"key": "all-items", "type": "definition", "offset": [247, 256]}, {"key": "pursuant-to-sections", "type": "clause", "offset": [302, 322]}, {"key": "taxable-income-or-loss", "type": "definition", "offset": [397, 419]}, {"key": "federal-income-taxation", "type": "clause", "offset": [481, 504]}, {"key": "profit-and-loss", "type": "definition", "offset": [555, 570]}, {"key": "carrying-value", "type": "definition", "offset": [631, 645]}, {"key": "adjusted-tax-basis", "type": "clause", "offset": [676, 694]}, {"key": "gain-or-loss", "type": "clause", "offset": [765, 777]}, {"key": "resulting-from", "type": "definition", "offset": [778, 792]}, {"key": "disposition-of", "type": "clause", "offset": [795, 809]}, {"key": "with-reference-to", "type": "clause", "offset": [841, 858]}, {"key": "adjustment-to", "type": "clause", "offset": [893, 906]}, {"key": "the-definition-of", "type": "clause", "offset": [951, 968]}, {"key": "in-respect-of", "type": "definition", "offset": [1010, 1023]}, {"key": "recovery-deductions", "type": "definition", "offset": [1059, 1078]}, {"key": "the-adjustment", "type": "clause", "offset": [1095, 1109]}, {"key": "with-respect-to", "type": "clause", "offset": [1368, 1383]}, {"key": "for-purposes-of", "type": "clause", "offset": [1395, 1410]}, {"key": "the-us", "type": "clause", "offset": [1499, 1506]}, {"key": "tax-depreciation", "type": "clause", "offset": [1523, 1539]}, {"key": "other-cost-recovery", "type": "clause", "offset": [1557, 1576]}, {"key": "provided-that", "type": "clause", "offset": [1622, 1635]}], "samples": [{"hash": "9pvCLrkhXtE", "uri": "/contracts/9pvCLrkhXtE#profit", "label": "Limited Partnership Agreement (Fidelity Core Real Estate Fund)", "score": 37.3203277588, "published": true}, {"hash": "9fiMuLbVXmz", "uri": "/contracts/9fiMuLbVXmz#profit", "label": "Limited Partnership Agreement (Blackstone Real Estate Income Trust, Inc.)", "score": 36.5427780151, "published": true}, {"hash": "b8og09jLa5C", "uri": "/contracts/b8og09jLa5C#profit", "label": "Limited Partnership Agreement (StratCap Digital Infrastructure REIT, Inc.)", "score": 36.4743309021, "published": true}], "snippet": "and \u201cLoss\u201d and any items of income, gain, expense, or loss referred to in this Agreement shall be determined in accordance with the accounting method used by the Partnership for U.S. federal income tax purposes with the following adjustments: (i) all items of income, gain, loss or deduction allocated pursuant to Sections 5.1(c)(i) through (iii) shall not be taken into account in computing such taxable income or loss; (ii) any income of the Partnership that is exempt from U.S. federal income taxation and not otherwise taken into account in computing Profit and Loss shall be added to such taxable income or loss; (iii) if the Carrying Value of any asset differs from its adjusted tax basis for U.S. federal income tax purposes, any depreciation, amortization, gain or loss resulting from a disposition of such asset shall be calculated with reference to such Carrying Value; (iv) upon an adjustment to the Carrying Value of any asset pursuant to the definition of Carrying Value (other than an adjustment in respect of depreciation, amortization or cost recovery deductions), the amount of the adjustment shall be included as gain or loss in computing such taxable income or loss; (v) if the Carrying Value of any asset differs from its adjusted tax basis for U.S. federal income tax purposes, the amount of depreciation, amortization or cost recovery deductions with respect to such asset for purposes of Profit and Loss shall be an amount which bears the same ratio to such Carrying Value as the U.S. federal income tax depreciation, amortization or other cost recovery deductions bears to such adjusted tax basis (provided that if the U.S. federal income tax depreciation, amortization or other cost recovery deduction is zero, the Partners may use any reasonable method for purposes of determining depreciation, amortization or other cost recovery deductions in calculating Profit and Loss; and (vi) except for items in (i) above, any expenditures of the Partnership not deductible in computing taxable income or loss, not properly capitalizable and not otherwise taken into account in computing Profit and Loss pursuant to this definition shall be treated as deductible items.", "hash": "7848c8ef78b1bae35d1cea0e93939f38", "id": 6}, {"size": 82, "snippet_links": [], "samples": [{"hash": "dlAcb6P4IoF", "uri": "/contracts/dlAcb6P4IoF#profit", "label": "Limited Partnership Agreement (Investors Real Estate Trust)", "score": 30.1553726196, "published": true}, {"hash": "kDOWmbM9E3X", "uri": "/contracts/kDOWmbM9E3X#profit", "label": "Limited Partnership Agreement (Presidential Realty Corp/De/)", "score": 28.0308017731, "published": true}, {"hash": "x7KyEXgMo0", "uri": "/contracts/x7KyEXgMo0#profit", "label": "Third Amended and Restated Agreement of Limited Partnership (Condor Hospitality Trust, Inc.)", "score": 27.8528404236, "published": true}], "snippet": "has the meaning provided in Section 5.01(f) hereof.", "hash": "d3f2e4624b2d7259faf3696e61c3937f", "id": 7}, {"size": 67, "snippet_links": [{"key": "partnership-year", "type": "definition", "offset": [27, 43]}, {"key": "applicable-period", "type": "clause", "offset": [53, 70]}, {"key": "to-the-partnership", "type": "clause", "offset": [88, 106]}, {"key": "taxable-income-or-loss", "type": "definition", "offset": [109, 131]}, {"key": "in-accordance-with", "type": "definition", "offset": [170, 188]}, {"key": "code-section", "type": "definition", "offset": [189, 201]}, {"key": "all-items", "type": "definition", "offset": [228, 237]}, {"key": "pursuant-to", "type": "definition", "offset": [307, 318]}], "samples": [{"hash": "aJtIuWNEarX", "uri": "/contracts/aJtIuWNEarX#profit", "label": "Limited Partnership Agreement (Cantor Fitzgerald Income Trust, Inc.)", "score": 37.0164260864, "published": true}, {"hash": "2ypGI8ds3Jk", "uri": "/contracts/2ypGI8ds3Jk#profit", "label": "Limited Partnership Agreement (Cantor Fitzgerald Income Trust, Inc.)", "score": 31.6173858643, "published": true}, {"hash": "hmFhhrwCqzy", "uri": "/contracts/hmFhhrwCqzy#profit", "label": "Limited Partnership Agreement (CatchMark Timber Trust, Inc.)", "score": 30.1608486176, "published": true}], "snippet": "and \u201cLoss\u201d means, for each Partnership Year or other applicable period, an amount equal to the Partnership\u2019s taxable income or loss for such Partnership Year, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss, or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:", "hash": "4945978c5bd490692e603555f943119c", "id": 8}, {"size": 64, "snippet_links": [{"key": "taxable-period", "type": "definition", "offset": [24, 38]}, {"key": "to-the-company", "type": "clause", "offset": [56, 70]}, {"key": "taxable-income-or-loss", "type": "definition", "offset": [73, 95]}, {"key": "in-accordance-with", "type": "definition", "offset": [131, 149]}, {"key": "the-code", "type": "clause", "offset": [168, 176]}, {"key": "all-items", "type": "definition", "offset": [195, 204]}, {"key": "pursuant-to-section", "type": "definition", "offset": [273, 292]}], "samples": [{"hash": "98NOlA3S1bv", "uri": "/contracts/98NOlA3S1bv#profit", "label": "Limited Liability Company Agreement (CBL & Associates Limited Partnership)", "score": 32.4004096985, "published": true}, {"hash": "c8oarUXHFpO", "uri": "/contracts/c8oarUXHFpO#profit", "label": "Framework Agreement (MPG Office Trust, Inc.)", "score": 22.8288841248, "published": true}, {"hash": "3YpRewmMrCP", "uri": "/contracts/3YpRewmMrCP#profit", "label": "Limited Liability Company Agreement (Maguire Properties Inc)", "score": 21.2436695099, "published": true}], "snippet": "or \u201cLoss\u201d means for any taxable period, an amount equal to the Company\u2019s taxable income or loss for such taxable period determined in accordance with Section 703(a) of the Code (for this purpose all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a)(1) of the Code shall be included in taxable income or loss), with the following adjustments:", "hash": "f761c6f597f94109a44a44247621588a", "id": 9}, {"size": 56, "snippet_links": [{"key": "total-revenue", "type": "clause", "offset": [18, 31]}, {"key": "operating-expenses", "type": "definition", "offset": [41, 59]}, {"key": "interest-paid", "type": "definition", "offset": [61, 74]}, {"key": "the-term", "type": "definition", "offset": [129, 137]}, {"key": "net-revenue", "type": "clause", "offset": [139, 150]}], "samples": [{"hash": "HR5r4lm9DL", "uri": "/contracts/HR5r4lm9DL#profit", "label": "Grant Agreement", "score": 36.5523605347, "published": true}, {"hash": "iwiX8nGcFta", "uri": "/contracts/iwiX8nGcFta#profit", "label": "Grant Agreement", "score": 36.2922859192, "published": true}, {"hash": "iBx8NO3DTcq", "uri": "/contracts/iBx8NO3DTcq#profit", "label": "Grant Agreement", "score": 36.1044006348, "published": true}], "snippet": "means an entity\u2019s total revenue less its operating expenses, interest paid, depreciation, and taxes. \u201cProfit\u201d is synonymous with the term \u201cnet revenue.\u201d", "hash": "a4422d1640b1a829b5300bbac9d34919", "id": 10}], "next_curs": "ClMSTWoVc35sYXdpbnNpZGVyY29udHJhY3Rzci8LEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIPcHJvZml0IzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"size": 2948, "snippet": "has the meaning provided in Section 5.1(e) hereof.", "title": "Profit", "id": "profit", "examples": ["The Parties are hereby released from (i) any and all obligations to share Development Costs under Section 9.5 (Shared Development Costs) of the CLA, [***], even if already invoiced, and (ii) any and all future <strong>profit</strong>- and loss-sharing rights and obligations under Section 9.6 (Pre-Tax <strong>Profit</strong> or Loss) of the CLA.", "If a Partner transfers any part or all of its Partnership Interest, the distributive shares of the various items of <strong>Profit</strong> and Loss allocable among the Partners during such taxable year of the Partnership shall be allocated between the transferor and the transferee Partner consistent with applicable requirements under Section 706 of the Code.", "All items of income, gain, loss, deduction and credit of the Partnership shall be allocated among the Partners for U.S. federal, state and local income tax purposes consistent with the manner that the corresponding constituent items of <strong>Profit</strong> and Loss shall be allocated among the Partners pursuant to this Agreement in the manner determined by the General Partner, except as may otherwise be provided herein or by the Code.", "Sections 9.5 (Shared Development Costs) and Section 9.6 (Pre-Tax <strong>Profit</strong> or Loss) of the CLA shall have no further force or effect from and after the Rights Reacquisition Effective Date, and no further reconciliation or true-up payments shall be due thereunder.", "It is the intent of the Partners that the allocations of <strong>Profit</strong> and Loss under this Agreement have substantial economic effect (or be consistent with the Partners\u2019 interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto."], "related": [["profits", "Profits", "<strong>Profits</strong>"], ["savings", "Savings", "Savings"], ["not-for-profit", "Not-for-Profit", "Not-for-<strong>Profit</strong>"], ["sharing", "Sharing", "Sharing"], ["not-for-profit-organization", "Not-for-Profit Organization", "Not-for-<strong>Profit</strong> Organization"]], "related_snippets": [], "updated": "2026-07-30T06:00:47+00:00"}, "json": true, "cursor": ""}}