ALLOCATION OF NET PROFIT AND LOSS Sample Clauses

ALLOCATION OF NET PROFIT AND LOSS. Subject to Section 5.8 of this Agreement, as of the last day of each Fiscal Period, any Net Profit or Net Loss for the Fiscal Period will be allocated among and credited to or debited against the Capital Accounts of the Partners in accordance with their respective Investment Percentages for the Fiscal Period.

ALLOCATION OF NET PROFIT AND LOSS. Net Profits or Net Losses for each Accounting Period shall be allocated among and credited to or debited against the Capital Accounts of the Members in accordance with their respective Investment Percentages as of the start of such Accounting Period.

ALLOCATION OF NET PROFIT AND LOSS. Subject to Section 7.7 of this Declaration, as of the last day of each Fiscal Period, any Net Profit or Net Loss for the Fiscal Period will be allocated among and credited to or debited against the Capital Accounts of the Shareholders in accordance with their respective Investment Percentages for the Fiscal Period.

ALLOCATION OF NET PROFIT AND LOSS. After giving effect to the special allocations set forth in Section 6.2, the Net Profit or Net Loss of the Company for any Taxable Year or other relevant period shall be allocated among the Members in such manner so that the Capital Account balance of each Member shall, to the greatest extent possible, be equal (proportionately) to (a) the amount that would be distributed to such Member if (i) the Company were to sell the assets of the Company for cash equal to their Book Values, (ii) all Company liabilities were satisfied (limited with respect to each Nonrecourse Liability to the Book Value of the assets securing such liability), (iii) the Company were to dissolve pursuant to Article IX and (iv) the Company were to distribute the net proceeds of sale pursuant to Section 9.5(b) minus (b) such Member’s share of Company Minimum Gain and Member Nonrecourse Debt Minimum Gain, computed immediately prior to the hypothetical sale of assets. Notwithstanding anything in this Agreement to the contrary, the Company shall not treat the Preferred Return as a guaranteed payment or capital shift and shall not allocate any items of gross income to QIC with respect to such amounts.

ALLOCATION OF NET PROFIT AND LOSS. In each fiscal period Net Profit and Net Loss of the Company shall be allocated among the Members (consistent with and subject to the rules stated in Exhibit G) as follows:

ALLOCATION OF NET PROFIT AND LOSS. (a) Net Profit or Net Loss and items thereof for each Fiscal Period shall be allocated among the Partners (and credited or debited to their Capital Accounts) in such manner that were the Partnership to liquidate completely immediately after the end of such Fiscal Period and in connection with such liquidation sell all of its assets and settle all of its liabilities at their then Book Values (i.e., without any Net Profit or Net Loss resulting therefrom): (i) the distribution by the Partnership of any remaining cash to the Partners in accordance with their respective positive Capital Account balances (after crediting or debiting Capital Accounts for Net Profit or Net Loss for such Fiscal Period) would correspond as closely as possible to the distributions that would result if the liquidating distributions had instead been made in accordance with the provisions of Section 7.4.1 and (ii) any resulting deficit Capital Account balances (after crediting or debiting Capital Accounts for Net Profit or Net Loss for such Fiscal Period) would correspond as closely as possible to the manner in which economic responsibility for Partnership deficit balances (as determined in accordance with the principles of Treasury Regulations under Section 704 of the Code) would be borne by the Partners under the terms of this Agreement and any collateral agreements.. If the Partnership has an Aggregate Unrealized Net Loss as of the end of any Fiscal Period, the General Partner in its discretion, may apply the preceding sentence by assuming a liquidating sale of the Partnership's assets at a Net Loss equal to such Aggregate Unrealized Net Loss (rather than at no Net Profit or Net Loss). For purposes of maintaining the Capital Accounts, items of income, gain, loss, deduction, expense and credit shall be allocated to the Partners in the same manner as are Net Profits and Net Losses, except where otherwise necessary to more closely achieve the result contemplated by the first sentence of this Section 7.2(a). (b) Notwithstanding any other provision of this Agreement, the General Partner shall at all times, except as otherwise determined in accordance with Section 704(c) of the Code and the Treasury Regulations promulgated thereunder, be allocated an aggregate of at least 1% of the Net Profits and Net Losses as well as 1% of each item of income, gain, loss, deduction, expense and credit of the Partnership. (c) For tax purposes, all items of income, gain, loss, deduction, expense and credit...

ALLOCATION OF NET PROFIT AND LOSS. For each taxable year that the Company is treated as a partnership for U.S. federal income tax purposes, as of the last day of each Fiscal Period, any Net Profit or Net Loss for the Fiscal Period shall be allocated among and credited to or debited against the Capital Accounts of the Members in accordance with each Member’s Membership Percentage for such Fiscal Period.

ALLOCATION OF NET PROFIT AND LOSS. In General ---------------------------------------------- (a) Allocation of Net Profit or Loss -------------------------------- Subject to the limitation set forth in Section 9.1(b) and after giving -------------- effect to the special allocations set forth in Sections 9.2 and 9.3, the Net -------------------- Profit or Net Loss for any fiscal year of the Company shall be allocated among the Unit Holders in accordance with the written agreement of all of the Members provided for in Section 10.1(a), or, in the absence of such unanimous written --------------- agreement, in accordance with the Unit Holders' respective Percentage Interests. (b) Limitation ---------- The Net Loss allocated to each Unit Holder for any Company fiscal year pursuant to Section 9.1(a) shall not exceed the maximum amount of Net Loss that -------------- can be so allocated without causing such Unit Holder to have a Deficit Capital Account at the end of the fiscal year. All Net Losses in excess of the limitation set forth in this Section 9.1(b) -------------- shall be allocated to the other Unit Holders who do not have Deficit Capital Accounts in proportion to their respective Percentage Interests.

ALLOCATION OF NET PROFIT AND LOSS