Common use of Allocations of Net Clause in Contracts

Allocations of Net. Profit and Net Losses from Operations. Except as may be required by (S) 704(c) of the Code, 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. Profit and Net Losses from Operations. Except as may be required by (S) 704(cS)704(c) of the Code, 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.