Allocation of Profit or Loss. Profits and losses, and each item of Company income, gain, loss, deduction and tax preference with respect thereto, for each fiscal year (or shorter period in respect of which such items are to be allocated) shall be allocated to the Member, consistent with the characterization of the Company as a sole proprietorship of the Member pursuant to Section 4.3.
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement (River Medical Inc), Limited Liability Company Agreement (River Medical Inc), Limited Liability Company Agreement (Mobile Medic Ambulance Service Inc)
Allocation of Profit or Loss. Profits and losses, and each item of Company income, gain, loss, deduction and tax preference with respect thereto, for each fiscal year (or shorter period in respect of which such items are to be allocated) shall be allocated to the Member, consistent with the characterization of the Company as a sole proprietorship of the Member pursuant to Section 4.35.3.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Loews Mountainside Cinemas, Inc.), Limited Liability Company Agreement (LCE AcquisitionSub, Inc.)
