Common use of General Allocations Clause in Contracts

General Allocations. Limited Partners shall share in the net profits and net losses of the Partnership, generally in accordance with their respective Percentage Interests.

Appears in 12 contracts

Sources: Limited Partnership Agreement (BPY Bermuda Holdings IV LTD), Limited Partnership Agreement (Brookfield Business Partners L.P.), Limited Partnership Agreement (Brookfield Business Partners L.P.)

General Allocations. Limited Partners shall share in the net profits and net losses of the Partnership, generally in accordance with their respective Percentage InterestsInterests and, if applicable, their respective relative percentage of Preferred Units held (determined by reference to the aggregate value of the issue price of the Preferred Units held by each Preferred Unitholder relative to the aggregate value of the issue price of all Preferred Units then Outstanding).

Appears in 4 contracts

Sources: Limited Partnership Agreement (Brookfield Renewable Partners L.P.), Limited Partnership Agreement (Brookfield Renewable Energy Partners L.P.), Limited Partnership Agreement (Brookfield Renewable Energy Partners L.P.)