Additional Rule. In furtherance and not in limitation of Section 7.4(a) and (b), and except as otherwise provided in this Agreement, the Board of Managers may, in its sole and absolute discretion, allocate Net Profit (and items thereof) and Net Loss (and items thereof) for any Fiscal Period in a manner that the Board of Managers deems necessary or appropriate in order to effectuate the intended economic sharing arrangement of the Members as reflected in Article VIII.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (Excelsior Venture Partners Iii LLC), Limited Liability Company Operating Agreement (Excelsior Venture Partners Iii LLC), Limited Liability Company Operating Agreement (Excelsior Venture Partners Iii LLC)
Additional Rule. In furtherance and not in limitation of Section 7.4(a7.6(a), (b) and (bc), and except as otherwise provided in this Agreement, the Board of Managers may, in its sole and absolute discretion, allocate Net Profit (and items thereof) and Net Loss (and items thereof) for any Fiscal Period in a manner that the Board of Managers deems necessary or appropriate in order to effectuate the intended economic sharing arrangement of the Members as reflected in Article VIII.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Fortress Pinnacle Investment Fund LLC), Limited Liability Company Agreement (Fortress Brookdale Investment Fund LLC)
Additional Rule. In furtherance and not in limitation of Section 7.4(a) and (b7.3(a), and except as otherwise provided in this Agreement, the Board of Managers may, in its sole and absolute discretion, allocate Net Profit (and items thereof) and Net Loss (and items thereof) for any Fiscal Period in a manner that the Board of Managers deems necessary or appropriate in order to effectuate the intended economic sharing arrangement of the Members as reflected in Article VIII.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Excelsior Venture Partners Fund Iii LLC)
Additional Rule. In furtherance and not in limitation of Section 7.4(a7.6(a), (b) and (bc), and except as otherwise provided in this Agreement, the Board of Managers Directors may, in its sole and absolute discretion, allocate Net Profit (and items thereof) and Net Loss (and items thereof) for any Fiscal Period in a manner that the Board of Managers Directors deems necessary or appropriate in order to effectuate the intended economic sharing arrangement of the Members Partners as reflected in Article VIIISection 8.
Appears in 1 contract
Samples: Limited Partnership Agreement (RIC Coinvestment Fund LP)
