Common use of ALLOCATION OF NET PROFITS AND LOSSES Clause in Contracts

ALLOCATION OF NET PROFITS AND LOSSES. Subject to Section 4.4, Net Profits, Net Losses and any other items of income, gain, loss and deduction for any fiscal year shall be allocated, for purposes of adjusting the Capital Accounts of the Partners, in proportion to the Partners' Percentage Interests.

Appears in 24 contracts

Sources: Limited Partnership Agreement (Leasehold Resource Group LLC), Limited Partnership Agreement (Leasehold Resource Group LLC), Limited Partnership Agreement (Leasehold Resource Group LLC)

ALLOCATION OF NET PROFITS AND LOSSES. Subject to Section 4.4, Net Profits, Net Losses and any other items of income, gain, loss and deduction for any fiscal year shall be allocated, for purposes of adjusting the Capital Accounts of the Partners, in proportion to the Partners' ’ Percentage Interests.

Appears in 1 contract

Sources: Limited Partnership Agreement (Shawnee Gardens Healthcare & Rehabilitation Center LLC)