Common use of Allocation of Profits Generally Clause in Contracts

Allocation of Profits Generally. Except as otherwise provided in sections 9.1.3 and 9.1.4 below, Profits shall be allocated among the Members in the following order and priority: (A) first, among the Members until the cumulative Profits allocated pursuant to this Section 9.1.1(A) are equal to the cumulative Losses allocated among the Members pursuant to Section 9.1.2(C) below for all prior periods, and in the proportions that such Losses have been so allocated; (B) then, among the Members until the cumulative Profits allocated pursuant to this Section 9.1.1(B) are equal to the cumulative Losses allocated among the Members pursuant to Section 9.1.2(B) below for all prior periods, and in the proportions that such Losses have been so allocated; and (C) thereafter, among the Members, pro rata, in proportion to their Percentage Interests.