Common use of Allocation of Net Profit and Net Loss Clause in Contracts

Allocation of Net Profit and Net Loss. (i) The Net Profit or the Net Loss for any Period allocated to the Partnership pursuant to section 7.2(a) of the Fund Agreement in respect of any Bridge Financing shall be allocated among the Partners in proportion to the Capital Contributions of the Partners used to fund such Bridge Financing. (ii) The Net Profit or the Net Loss for any Period allocated to the Partnership pursuant to section 7.2(b) of the Fund Agreement shall be allocated among the Partners in accordance with their respective Capital Commitments. (iii) All other Net Profit, if any, and all other Net Loss, if any, for any Period shall be allocated among the Partners in accordance with their respective Capital Commitments.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Marsh & McLennan Companies Inc), Limited Partnership Agreement (Marsh & McLennan Companies Inc)