Common use of Allocations of Net Profit and Net Loss Clause in Contracts

Allocations of Net Profit and Net Loss. (a) After giving effect to the special allocations set forth in Section 6.4(e) and Section 7.2 hereof, Net Profit of the Company for any Fiscal Year shall be allocated: one hundred percent (100%) to the Members, in proportion to and to the extent of (A) the cumulative Net Losses allocated to each Member pursuant to Section 7.1(c) for all prior Fiscal Years, over (B) the cumulative Net Profits allocated to each Member pursuant to this Section 7.1(a)(ii) for all prior Fiscal Years; and (iii) the balance, if any, among the Members in proportion to their Percentage Interests.

Allocations of Net Profit and Net Loss. (a) After giving effect to the special allocations set forth in Section 6.4(e) and Section 7.2 hereof, Net Profit of the Company for any Fiscal Year shall be allocated: one hundred percent (100%) to the Members, in proportion to and to the extent of (A) 16 the cumulative Net Losses allocated to each Member pursuant to Section 7.1(c) for all prior Fiscal Years, over (B) the cumulative Net Profits allocated to each Member pursuant to this Section 7.1(a)(ii) for all prior Fiscal Years; and (iii) the balance, if any, among the Members in proportion to their Percentage Interests.