Allocation of Profits or Losses. Except as may be required by the Internal Revenue Code of 1986, as amended, each item of income, gain, profit, loss, deduction or credit to the Company shall be allocated among its Members in proportion to the number of Units held by each Member.
Appears in 10 contracts
Samples: Limited Liability Company Agreement (CASA International, LLC), Limited Liability Company Agreement (CASA International, LLC), Limited Liability Company Agreement (CASA International, LLC)