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.
Appears in 2 contracts
Sources: Agreement and Declaration of Trust (Alternative Investment Partners Absolute Return Fund STS), Agreement and Declaration of Trust (Alternative Investment Partners Absolute Return Fund)
ALLOCATION OF NET PROFIT AND LOSS. Subject to Section 7.7 of this Declarationhereof, 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 Unitholders in accordance with their respective Investment Percentages for the Fiscal Period.
Appears in 1 contract
Sources: Trust Agreement (FSI Low Beta Absolute Return Fund, TEI)