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butive share of Millennium USA's taxable income and gain regardless of whether it has received or will receive a distribution from Millennium USA. Allocation of Profits and Losses. Under the Partnership Agreement, Millennium USA's net capital appreciation or net capital depreciation for each accounting period is allocated amon
e inunediately preceding Accounting Period: each Accounting Period shall close at the close of business on the first to occur of (i) the last day of Millennium USA's fiscal quarter (which shall be the calendar quarter). (ii) the date immediately prior to the effective dale of the admission of a new• Partner pursu
butive share of Millennium USA's taxable income and gain regardless of whether it has received or will receive a distribution from Millennium USA. Allocation of Profits and Losses. Under the Partnership Agreement, Millennium USA's net capital appreciation or net capital depreciation for each accounting period is allocated amon
stimates and assumptions that the Millennium Management Group believes are reasonable and appropriate, but which may be imprecise and may result in Millennium USA's bearing a larger portion of such expenses than if they were calculated in a different manner. Assets of the Millennium Management Group, including,
butive share of Millennium USA's taxable income and gain regardless of whether it has received or will receive a distribution from Millennium USA. Allocation of Profits and Losses. Under the Partnership Agreement, Millennium USA's net capital appreciation or net capital depreciation for each accounting period is allocated amon
stimates and assumptions that the Millennium Management Group believes are reasonable and appropriate, but which may be imprecise and may result in Millennium USA's bearing a larger portion of such expenses than if they were calculated in a different manner. Assets of the Millennium Management Group, including,
Entities connected to both Allocation of Profits and Losses and Millennium USA's
Accounting Period
ORGANIZATIONthe Offered Interests
ORGANIZATIONReliance
ORGANIZATION
Millennium
ORGANIZATION
United States
LOCATIONMillennium International, Ltd.
ORGANIZATION
New York
LOCATIONthe U.S. Investment Company Act
ORGANIZATIONCayman
LOCATIONTrigger Event
ORGANIZATIONManagement of Millennium USA
ORGANIZATION
U.S. Treasury
ORGANIZATIONMillennium Partners
ORGANIZATIONErnst & Young LLP
ORGANIZATIONThe Master Partnership's Organization
ORGANIZATIONMaster-Feeder Relationship
ORGANIZATIONMillennium USA LP
ORGANIZATIONCapital Structure
ORGANIZATION
the Cayman Islands
LOCATION
the Internal Revenue Service
ORGANIZATION