Allocation of Net Profit and Net Loss. The Company’s net profit or net loss for each fiscal year for federal and state income tax purposes shall be allocated to the Member in accordance with its Interest in the Company.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Genon Americas Generation LLC), Limited Liability Company Agreement (Genon Americas Generation LLC), Limited Liability Company Agreement (Mirant Mid Atlantic LLC)
Allocation of Net Profit and Net Loss. The Company’s 's net profit or net loss for each fiscal year for federal and state income tax purposes shall be allocated to the Member in accordance with its Interest in the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Mirant Potrero, LLC)
Allocation of Net Profit and Net Loss. The Company’s 's net profit or net ------------------------------------- loss for each fiscal year for federal and state income tax purposes shall be allocated to the Member in accordance with its Interest in the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Mirant Americas Generating LLC)
