Allocation of Net Disposition Profits. and Net Disposition Losses for Book Accounting Purposes. (a) Net Disposition Profits shall be allocated for book accounting purposes to the Class B Members, in proportion to their Proportionate Shares. (b) Net Disposition Losses shall be allocated for book accounting purposes to the Class B Members, in accordance with their Proportionate Shares.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Newcastle Investment Corp), Limited Liability Company Agreement (Fortress Investment Corp), Limited Liability Company Agreement (Newcastle Investment Corp)
Allocation of Net Disposition Profits. and Net Disposition Losses for Book Accounting Purposes.
(a) Net Disposition Profits shall be allocated for book accounting purposes to the Class B Members, in proportion Members as follows: 99% to their Proportionate SharesBC Realty and 1% to NS Member.
(b) Net Disposition Losses shall be allocated for book accounting purposes to the Class B Members, in accordance with their Proportionate SharesMembers as follows: 99% to BC Realty and 1% to NS Member.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Northstar Capital Investment Corp /Md/)
