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.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Penton Media Inc), Agreement and Plan of Merger (Penton Media Inc), Agreement and Plan of Merger (Mecklermedia Corp)
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.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
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.
Appears in 1 contract
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.
Appears in 1 contract
Samples: Operating Agreement (Sokol David L)
