Allocations Among Members Sample Clauses

Allocations Among Members. (a) All Operating Profit, Operating Loss, Disposition Profits, Disposition Loss and tax credits shall be allocated to the Members as provided below in this SECTION 2.09.
AutoNDA by SimpleDocs
Allocations Among Members. . . 16 Section 2.10 Reserved. . . . . . . . . . . . . . . 21 Section 2.11 Special Assets. . . . . . . . . . . . 21 Section 2.12 Aetna Lockbox . . . . . . . . . . . . 21
Allocations Among Members. Whenever a proportionate part of the Company Profit or Company Loss is credited or charged to a Member's Capital Account, every item of income, gain, loss, deduction or credit entering into the computation of such Company Profit or Company Loss, or applicable to the period during which such Company Profit or Company Loss is realized, shall be considered credited or charged, as the case may be, to such account in the same proportion. As between a Member and his transferee, unless otherwise agreed by them, Company Profits and Company Losses for any Fiscal Year shall be allocated on a daily basis, and the transferee shall be allocated Company Profits and Company Losses with respect to the period commencing with the day of transfer. SECTION V RIGHTS, POWERS, AND DUTIES OF MANAGER(S)
Allocations Among Members. A. For purposes of determining the Taxable Income (or Tax Losses) or any other items allocable to any period, Taxable Income (or Tax Losses) and any such other items shall be determined on a daily, monthly, or other basis, as determined by the Member-Manager using any permissible method under Code Section 706 and the Treasury Regulations thereunder.
Allocations Among Members. The profits and gains of the Company shall be divided and the losses, deductions, and credits of the Company shall be borne in the proportion of their capital contributions.
Allocations Among Members. Except as otherwise provided in this Agreement, all items of Company income, gain, loss, deduction, and any other allocations, including allocations of Book Profits and Losses, not otherwise provided for shall be divided among the Members in the same proportions as they share Profits and Losses, as the case may be, for such Fiscal Year.
Allocations Among Members. The profits and gains of the Company shall be divided and the losses, deductions, and credits of the Company shall be borne in the following proportions as are set forth in Exhibit A.
AutoNDA by SimpleDocs
Allocations Among Members a. Amounts allocated to the Members collectively shall be allocated pro rata among the Members. No Member shall be allocated an amount of Net Losses that would reduce his Capital Account below zero or which would require him to contribute additional funds to the LLC if it were dissolved. To the extent consistent with federal tax law, it is intended that allocations of Net Profits shall be made first to the Members to the extent of and in accordance with actual distributions of cash made to them.
Allocations Among Members. Among the Members or their Assignees, except as provided in Section 6.3, all allocations of income, gain, deduction, loss and credit shall be made pro rata in accordance with the then-current Membership Interests of each Member or their Assignee.
Allocations Among Members. Except as otherwise provided for U.S. Federal income tax and capital account purposes, the profits and gains of the Company shall be divided and the losses, deductions, and credits of the Company shall be borne by the Members pro rata according to their ownership of units, subject to the next sentence. The amounts distributable to the holders of Preferred Units shall be allocated to such holders at the time of each such allocation in accordance with such holders’ preferential right to receive distributions, and then the balance of the income, gain or losses, as applicable, shall be allocated to the holders of the Voting Units.
Time is Money Join Law Insider Premium to draft better contracts faster.