Common use of ALLOCATION OF NET INCOME AND LOSS; OTHER TAX MATTERS Clause in Contracts

ALLOCATION OF NET INCOME AND LOSS; OTHER TAX MATTERS. 5.1 Allocation of Net Income. Net income for each taxable year of the Company shall be allocated to the Members in proportion to their Percentage Interests.

Appears in 41 contracts

Samples: Limited Liability Company Operating Agreement (Town Sports International Inc), Limited Liability Company Operating Agreement (Town Sports International Inc), Limited Liability Company Operating Agreement (Town Sports International Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!