Allocation of Net Profits and Net Losses. (a) (i) Net Profits shall first be allocated in the order of, in proportion to, and to the extent of, the excess of prior allocations of Net Losses under SECTION 2.4(b)(ii) below over prior allocations of Net Profits under this SECTION 2.4(a)(i) and, then, (ii) among the Members in proportion to their Ownership Percentages.
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Samples: Agreement and Plan of Merger (Penton Media Inc), Agreement and Plan of Merger (Mecklermedia Corp), Agreement and Plan of Merger (Penton Media Inc)
Allocation of Net Profits and Net Losses. (a) (i) Net Profits shall first be allocated in the order ofproportion, in proportion to, to and to the extent of, the excess of prior allocations of Net Losses under SECTION Section 2.4(b)(ii) below over prior allocations of Net Profits under this SECTION Section 2.4(a)(i) and, then, (ii) among the Members in proportion to their Ownership Contribution Percentages.
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Samples: Operating Agreement, Operating Agreement
Allocation of Net Profits and Net Losses. (a) (i) Net Profits shall first be allocated in the order of, in proportion to, and to the extent of, the excess of prior allocations of Net Losses under SECTION 2.4(b)(ii2.4(B)(II) below over prior allocations of Net Profits under this SECTION 2.4(a)(i2.4(A)(I) and, then, (ii) among the Members in proportion to their Ownership Contribution Percentages.
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Samples: Operating Agreement (Sokol David L)
Allocation of Net Profits and Net Losses. (a) (i) Net Profits shall first be allocated in the order ofproportion, in proportion to, to and to the extent of, the excess of prior allocations of Net Losses under SECTION 2.4(b)(iiSection 2.4 (b) (ii) below over prior allocations of Net Profits under this SECTION 2.4(a)(iSection 2.4(a) (i) and, then, (ii) among the Members in proportion to their Ownership Contribution Percentages.
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