Common use of Allocation of Profits and Losses Clause in Contracts

Allocation of Profits and Losses. The Company’s profits and losses shall be allocated to the Member; provided, however, that no allocation of any loss to the Member shall create any obligation on the Member to make any capital contribution to the Company to offset such loss (or otherwise), the Member having no obligation to make any such capital contribution, as provided in Section 1.8 above.

Appears in 46 contracts

Samples: Limited Liability Company Agreement (TCEH Finance, Inc.), Limited Liability Company Agreement (TCEH Finance, Inc.), Limited Liability Company Agreement (TCEH Finance, Inc.)

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Allocation of Profits and Losses. The Company’s profits and losses shall be allocated to the Member; provided, however, that no allocation of any loss to the Member shall create any obligation on the Member to make any capital contribution to the Company to offset such loss (or otherwise), the Member having no obligation to make any such capital contribution, as provided in Section 1.8 12 above.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (NCA Resources Development Co LLC), Limited Liability Company Agreement (NCA Resources Development Co LLC), Limited Liability Company Agreement (NCA Resources Development Co LLC)

Allocation of Profits and Losses. The Company’s 's profits and losses shall be allocated to the Member; provided, however, that no allocation of any loss to the Member shall create any obligation on the Member to make any capital contribution to the Company to offset such loss (or otherwise), the Member having no obligation to make any such capital contribution, as provided in Section 1.8 above.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Energy Future Intermediate Holding CO LLC)

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Allocation of Profits and Losses. The Company’s All profits and losses of the Company shall be allocated to the Member; provided, however, that no allocation of any loss to the . The Member shall create not be liable for any obligation on the Member to make any capital contribution to debts or losses of the Company to offset such loss (or otherwise), beyond the Member having no obligation to make any such aggregate amount of its capital contribution, except as provided in Section 1.8 aboveotherwise required by law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (New Gaming Capital Partnership)

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