Allocation of Income and Loss. The net income or losses of the Company will be allocated to the members at the end of each accounting period in proportion to their respective ownership interests in the Company. The gains, losses, deductions and other income tax items of the Company will be allocated to the members in the same manner, except as otherwise provided in this Article.
Appears in 54 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Allocation of Income and Loss. The net income or losses of the Company will shall be allocated to the members at the end of each accounting period in proportion to their respective ownership interests in the Company. The gains, losses, deductions and other income tax items of the Company will shall be allocated to the members in the same manner, except as otherwise provided in this Article.
Appears in 3 contracts
Samples: Operating Agreement (Nuverra Environmental Solutions, Inc.), Operating Agreement (Nuverra Environmental Solutions, Inc.), Operating Agreement (Badlands Power Fuels, LLC)
