Allocations of Net Profits and Net Losses from Operations. (a) After giving effect to the special allocations set forth in Section 10.2, the Net Profits of the Company for each Fiscal Year will be allocated in the following order and priority:
(i) First, to the Members in proportion to their Membership Interest Percentages to offset prior allocations of Net Losses pursuant to Section 10.1(b)(i) to the extent such allocations have not been so previously offset; and
(ii) Second, to the Members in proportion to their Membership Interest Percentages.
(b) Subject to Section 10.2, the Net Losses of the Company for each Fiscal Year will be allocated to the Members in proportion to their Membership Interest Percentages. Except as otherwise required by the last sentence of this Section 10.1(b), no allocations of loss, deduction, and/or expenditures described in Code §705(a)(2)(B) will be charged to the Capital Accounts of any Member if such allocation would cause such Member to have an Adjusted Deficit Capital Account. The amount of the loss, deduction, and/or Code §705(a)(2)(B) expenditure which would have caused a Member to have an Adjusted Deficit Capital Account will instead be charged to the Capital Account of any Members which would not have an Adjusted Deficit Capital Account as a result of the allocation, in proportion to their positive Capital Accounts (after giving effect to the adjustments described in the definition of Adjusted Deficit Capital Account), or, if no such Members exist, then to the Members in accordance with their Percentage Interests.
(c) Subject to any specific requirements to the contrary, the general allocation rules for Net Profits and Net Losses of the Company will be as follows:
(i) Allocations to reverse prior allocations pursuant to Section 10.1(a)(i) will reverse the earliest prior allocations first, and, if prior allocations arising in the same Fiscal Year that are subject to reversal exceed the current Fiscal Year allocations that remain to reverse prior allocations, the remaining current Fiscal Year allocations will be deemed to reverse the prior allocations for each Member pro rata in accordance with such Member’s prior Fiscal Year allocations.
(ii) All allocations of Net Profits and Net Losses will be deemed to be comprised of a proportionate share of all items comprising those Net Profits and Net Losses.
Allocations of Net Profits and Net Losses from Operations. All Net Profits, Net Losses and other items of income, gain, loss, deduction and credit of the Company shall be allocated annually to the Members pursuant to each Member's Sharing Percentage.
Allocations of Net Profits and Net Losses from Operations. Except as may be required by Section 704(c) of the Code, and Section 8.09(a) and Sections 9.02, 9.03, and 9.04 of this Article IX, net profits, net losses, and other items of income, gain, loss, deduction and credit shall be apportioned among the Partners in proportion to their respective Sharing Ratios.
Allocations of Net Profits and Net Losses from Operations. Except as may be required by Section 704(c) of the Code and this Article, net profits, net losses, and other items of income, gain, loss, deduction and credit shall be apportioned in accordance with the attached Exhibit 9.2.
Allocations of Net Profits and Net Losses from Operations. Except as may be required by Code Section 704(c) and the underlying Regulations, Net Profit and Net Loss of the Company shall be allocated for book and tax purposes among the holders of Membership Interests in accordance with, and in proportion to, their respective Percentage Interests.
Allocations of Net Profits and Net Losses from Operations. Except as may be required by §704(c) of the Code, all Net Profits shall be allocated pro rata among the Members in the same ratio as cash distributions are made to such Members pursuant to Section 8.3. In the event no cash distributions are made to the Members in any taxable year, such Net Profits shall be allocated among the Members in accordance with their Membership Interests. Net Losses, and other items of income, gain, loss, deduction, and credit shall be apportioned among the Members in accordance with their Membership Interests.
Allocations of Net Profits and Net Losses from Operations. After giving effect to the special allocations in Sections 6.2 and 6.3, Net Profits and Net Losses shall be allocated among Members ratably in proportion to their respective Membership Interests.
Allocations of Net Profits and Net Losses from Operations. Net profits, net losses, and other items of income, gain, loss, deduction and credit shall be apportioned among the Members in proportion to their Sharing Ratios.
Allocations of Net Profits and Net Losses from Operations. Net Profits and Net Losses shall be allocated among the Members ratably in proportion to their respective number of Units. Notwithstanding the foregoing, no item of loss or deduction of the Company shall be allocated to a Member if such allocation would result in a negative balance in such member’s Adjusted Capital Account. Such loss or deduction shall be allocated first among the Members with positive balances in their Capital Accounts in proportion to (and to the extent of) such positive balances and thereafter in accordance with their respective number of Units in the Company as determined under Section 1.704-1(b)(3) of the Treasury Regulations.
Allocations of Net Profits and Net Losses from Operations. Except as may be required by Section 704(c) of the Code and Sections 9.2 and 9.3, Net Losses and Net Profits shall be allocated with respect to each Taxable Year in the following manner:
