Common use of Allocations of Net Profits Clause in Contracts

Allocations of Net Profits. AND NET LOSSES AND DISTRIBUTIONS 17.01 Allocations of Net Profit and Net Loss. A. Net Loss. Net Loss shall be allocated to the Members in proportion to their Percentage Interests. Notwithstanding the previous sentence, loss allocations to a Member shall be made only to the extent that such loss allocations will not create a deficit Capital Account balance for that Member (I)if such loss allocations do not also create deficit Capital Account balances to all other Member(s), and (2) in excess of an amount if any, equal to such Member's share of Company Minimum Gain. Any loss not allocated to a Member because of the foregoing provision shall be allocated to the other Members (to the extent that other Members are not limited in respect of the allocation of losses under this Section 17.01 A). Any loss reallocated under this Section 17.01 A shall be taken into account in computing subsequent allocations of income and losses pursuant to this Article 17, so that the net amount of any item so allocated and the income and losses allocated to each Member pursuant to this Article 17, to the extent possible, shall be equal to the net amount that would have been allocated to each such Member pursuant to this Article 17 if no reallocation of losses had occurred under this Section 17.01A.

Allocations of Net Profits. AND NET LOSSES AND DISTRIBUTIONS 17.01 Allocations of Net Profit and Net Loss. A. (a) Net Loss. Net Loss shall be allocated to the Members in proportion to their Percentage Interests. Notwithstanding the previous sentence, loss allocations to a Member shall be made only to the extent that such loss allocations will not create a deficit Capital Account balance for that Member (I)if such loss allocations do not also create deficit Capital Account balances to all other Member(s), and (2) in excess of an amount amount, if any, equal to such Member's share of Company Minimum Gain. Any loss not allocated to a Member because of the foregoing provision shall be allocated to the other Members (to the extent that the other Members are not limited in respect of the allocation of losses under this Section Paragraph 17.01 A(a). Any loss reallocated under this Section 17.01 A Paragraph 17.01(a) shall be taken into account in computing subsequent allocations of income and losses pursuant to this Article 17, so that the net amount of any item so allocated and the income and losses allocated to each Member pursuant to this Article 17, to the extent possible, shall be equal to the net amount that would have been allocated to each such Member pursuant to this Article 17 if no reallocation of losses had occurred under this Section 17.01A.Paragraph 17.01(a).

Allocations of Net Profits. AND NET LOSSES AND DISTRIBUTIONS 17.01 Allocations of Net Profit and Net Loss. A. (a) Net Loss. Net Loss shall be allocated to the Members in proportion to their Percentage Interests. Notwithstanding the previous sentence, loss allocations to a Member shall be made only to the extent that such loss allocations will not create a deficit Capital Account balance for that Member (I)if such loss allocations do not also create deficit Capital Account balances to all other Member(s), and (2) in excess of an amount amount, if any, equal to such Member's share of Company Minimum Gain. Any loss not allocated to a Member because of the foregoing provision shall be allocated to the other Members (to the extent that the other Members are not limited in respect of the allocation of losses under this Section 17.01 AParagraph 17.01(a). Any loss reallocated under this Section 17.01 A Paragraph 17.01(a) shall be taken into account in computing subsequent allocations of income and losses pursuant to this Article 17, so that the net amount of any item so allocated and the income and losses allocated to each Member pursuant to this Article 17, to the extent possible, shall be equal to the net amount that would have been havebeen allocated to each such Member pursuant to this Article 17 if no reallocation of losses had occurred under this Section 17.01A.Paragraph 17.01(a).

Allocations of Net Profits. AND NET LOSSES AND DISTRIBUTIONS 17.01 Allocations of Net Profit and Net Loss. A. (a) Net Loss. Net Loss shall be allocated to the Members in proportion to their Percentage Interests. Notwithstanding the previous sentence, loss allocations to a Member shall be made only to the extent that such loss allocations will not create a deficit Capital Account balance for that Member (I)if such loss allocations do not also create deficit Capital Account balances to all other Member(s), and (2) in excess of an amount amount, if any, equal to such Member's share of Company Minimum Gain. Any loss not allocated to a Member because of the foregoing provision shall be allocated to the other Members (to the extent that the other Members are not limited in respect of the allocation of losses under this Section 17.01 AParagraph 17.01(a). Any loss reallocated under this Section 17.01 A Paragraph 17.01(a) shall be taken into account in computing subsequent allocations of income and losses pursuant to this Article 17, so that the net amount of any item so allocated and the income and losses allocated to each Member pursuant to this Article 17, to the extent possible, shall be equal to the net amount that would have been allocated to each such Member pursuant to this Article 17 if no reallocation of losses had occurred under this Section 17.01A.Paragraph 17.01(a).

Allocations of Net Profits. AND NET LOSSES AND DISTRIBUTIONS 17.01 Allocations of Net Profit and Net Loss. A. (a) Net Loss. Net Loss shall be allocated to the Members in proportion to their Percentage Interests. Notwithstanding the previous sentence, loss allocations to a Member shall be made only to the extent that such loss allocations will not create a deficit Capital Account balance for that Member (I)if such loss allocations do not also create deficit Capital Account balances to all other Member(s), and (2) in excess of an amount amount, if any, equal to such Member's share of Company Minimum Gain. Any loss not allocated to a Member because of the foregoing provision shall be allocated to the other Members (to the extent that the other Members are not limited in respect of the allocation of losses under this Section Paragraph 17.01 A(a). Any loss reallocated under this Section Paragraph 17.01 A (a) shall be taken into account in computing subsequent allocations of income and losses pursuant to this Article 17, so that the net amount of any item so allocated and the income and losses allocated to each Member pursuant to this Article 17, to the extent possible, shall be equal to the net amount that would have been allocated to each such Member pursuant to this Article 17 if no reallocation of losses had occurred under this Section 17.01A.Paragraph 17.01 (a).