Allocation of Net Income From Sample Clauses

Allocation of Net Income From a Sale or Disposition. Except as otherwise provided in Sections 11.2.3, 11.3 and 11.4.3, Net Income arising from the occurrence of a Sale or Disposition of Partnership Property (other than in connection with a Terminating Sale or Disposition) shall be allocated as follows (for purposes of determining capital account balances, such Net Income shall be deemed allocated prior to making distributions of Cash From Sales or Financings arising from such Sale or Disposition): 11.4.1 First, such Net Income, up to an amount equal to the depreciation deductions attributable to the Partnership properties that are the subject of the Sale or Disposition, shall be allocated to each Unit which has received an allocation of such depreciation in the same ratio as the amount of such depreciation previously allocated to such Unit (less Net Income, if any, in respect of such Sale or Disposition or gross income (other than gross income which has previously been taken into account under this Section 11.4.1) allocated to each such Unit pursuant to Section 11.4.3) bears to the aggregate of such depreciation deductions so allocated to all Units (less Net Income, if any, in respect of such Sale or Disposition or gross income (other than gross income which has previously been taken into account under this Section 11.4.1) allocated to all such Units pursuant to Section 11.4.3. 11.4.2 Second, the remainder of such Net Income, if any, shall be allocated to the Partners in the following order of priority: (a) to the Partners to the extent of and in proportion to the amount of Cash From Sales or Financings which are to be distributed to each of them pursuant to Section 11.6 (other than pursuant to Section 11.6.1); and (b) The remainder of such Net Income, if any, shall be allocated to the Partners in proportion to the amount of Cash From Sales or Financings which are to be distributed to the Partners pursuant to Section 11.6.1.
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Related to Allocation of Net Income From

  • Allocation of Net Income and Net Loss Net Income or Net Loss of the Partnership shall be determined as of the end of each calendar year and as of the end of any interim period extending through the day immediately preceding any (i) disproportionate Capital Contribution, (ii) disproportionate distribution, (iii) Transfer of a Partnership Interest in accordance with the terms of this Agreement, or (iv) Withdrawal Event. If a calendar year includes an interim period, the determination of Net Income or Net Loss for the period extending through the last day of the calendar year shall include only that period of less than twelve (12) months occurring from the day immediately following the last day of the latest interim period during the calendar year and extending through the last day of the calendar year. For all purposes, including income tax purposes, Net Income, if any, of the Partnership for each calendar year or interim period shall be allocated among the Partners in proportion to their respective Partnership Percentages for the calendar year or interim period. In the event of a Net Loss for a particular calendar year or interim period, then, for such calendar year or interim period, the Net Loss for such calendar year or interim period shall be allocated among the Partners in proportion to their respective Partnership Percentages for the calendar year or interim period.

  • Allocations of Net Income and Net Loss Except as otherwise provided in this Agreement, after giving effect to the special allocations in subparagraph 1(c) and paragraph 2, Net Income, Net Loss and, to the extent necessary, individual items of income, gain, loss or deduction, of the Partnership for each fiscal year or other applicable period of the Partnership shall be allocated among the General Partner and Limited Partners in accordance with their respective Percentage Interests.

  • 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.

  • Allocations of Net Profits and Net Losses Except as otherwise set forth herein, Net Profits and Net Losses shall be allocated for each Fiscal Year to the Members in proportion to their respective Capital Accounts.

  • Determination of Net Asset Value, Net Income and Distributions Subject to applicable federal law including the 1940 Act and Section 3.6 hereof, the Trustees, in their sole discretion, may prescribe (and delegate to any officer of the Trust or any other Person or Persons the right and obligation to prescribe) such bases and time (including any methodology or plan) for determining the per Share or net asset value of the Shares of the Trust or any Series or Class or net income attributable to the Shares of the Trust or any Series or Class, or the declaration and payment of dividends and distributions on the Shares of the Trust or any Series or Class and the method of determining the Shareholders to whom dividends and distributions are payable, as they may deem necessary or desirable. Without limiting the generality of the foregoing, but subject to applicable federal law including the 1940 Act, any dividend or distribution may be paid in cash and/or securities or other property, and the composition of any such distribution shall be determined by the Trustees (or by any officer of the Trust or any other Person or Persons to whom such authority has been delegated by the Trustees) and may be different among Shareholders including differences among Shareholders of the same Series or Class.