Common use of Allocation Periods Clause in Contracts

Allocation Periods. In each Fiscal Year of the Partnership, Net Income (and items thereof) and Net Loss (and items thereof) shall be allocated: (i) at the time of any distribution pursuant to Section 6.2, for the period commencing on the later of (A) the first day of such Fiscal Year and (B) the date of the most recent prior distribution in such Fiscal Year, and ending on the date immediately preceding such distribution; and (ii) as of the last day of each Fiscal Year, for the period commencing on the later of (A) the first day of such Fiscal Year and (B) the date of the most recent prior distribution in such Fiscal Year, and ending on such last day.

Appears in 5 contracts

Sources: Limited Partnership Agreement (Equisource Hotel Fund I, LLP), Limited Partnership Agreement (CapSource Fund I, LP), Limited Liability Partnership Agreement (Equisource Hotel Fund I, LLP)

Allocation Periods. In each Fiscal Year fiscal year of the PartnershipFund, Net Income (and items thereof) and Net Loss (and items thereof) shall be allocated: (i) at the time of any distribution pursuant to Section 6.2, for the period commencing on the later of (Ax) the first day of such Fiscal Year fiscal year and (By) the date of the most recent prior distribution in such Fiscal Yearfiscal year, and ending on the date immediately preceding such distribution; and (ii) as of the last day of each Fiscal Yearfiscal year of the Fund, for the period commencing on the later of (Ax) the first day of such Fiscal Year fiscal year and (By) the date of the most recent prior distribution in such Fiscal Yearfiscal year, and ending on such last day.

Appears in 3 contracts

Sources: Operating Agreement, Operating Agreement (Iron Bridge Mortgage Fund LLC), Operating Agreement (Iron Bridge Mortgage Fund LLC)

Allocation Periods. In each Fiscal Year fiscal year of the Partnership, Net Income (and items thereof) and Net Loss (and items thereof) shall be allocated: (i) at the time of any distribution pursuant to Section 6.2, 6.2 for the period commencing on the later of (Ax) the first day of such Fiscal Year fiscal year and (By) the date of the most recent prior distribution in such Fiscal Yearfiscal year, and ending on the date immediately preceding such distribution; and (ii) as of the last day of each Fiscal Yearfiscal year of the Partnership, for the period commencing on the later of (Ax) the first day of such Fiscal Year fiscal year and (By) the date of the most recent prior distribution in such Fiscal Yearfiscal year, and ending on such last day.

Appears in 1 contract

Sources: Limited Partnership Agreement

Allocation Periods. In each Fiscal Year fiscal year of the PartnershipCompany, Net Income (and items thereof) and Net Loss (and items thereof) shall be allocated: (i) at the time of any distribution pursuant to Section 6.2, for the period commencing on the later of (Ax) the first day of such Fiscal Year fiscal year and (By) the date of the most recent prior distribution in such Fiscal Yearfiscal year, and ending on the date immediately preceding such distribution; and (ii) as of the last day of each Fiscal Yearfiscal year of the Company, for the period commencing on the later of (Ax) the first day of such Fiscal Year fiscal year and (By) the date of the most recent prior distribution in such Fiscal Yearfiscal year, and ending on such last day.

Appears in 1 contract

Sources: Operating Agreement (Iron Bridge Mortgage Fund LLC)

Allocation Periods. In each Fiscal Year fiscal year of the PartnershipFund, Net Income (and items thereof) and Net Loss (and items thereof) shall be allocated: (i) at the time of any distribution pursuant to Section 6.27.2, for the period commencing on the later of (Ax) the first day of such Fiscal Year fiscal year and (By) the date of the most recent prior distribution in such Fiscal Yearfiscal year, and ending on the date immediately preceding such distribution; and (ii) as of the last day of each Fiscal Yearfiscal year of the Fund, for the period commencing on the later of (Ax) the first day of such Fiscal Year fiscal year and (By) the date of the most recent prior distribution in such Fiscal Yearfiscal year, and ending on such last day.

Appears in 1 contract

Sources: Limited Partnership Agreement