Common use of Allocations of Profits and Losses and Distributions Clause in Contracts

Allocations of Profits and Losses and Distributions. if There is One Member. So long as there shall be only one Member, the Net Profits and Net Losses of the Company shall belong to such Member and any Distributions determined to be made by the Manager shall be distributed to such Member. Distribution of liquidation proceeds shall be governed by Section 8.2. Sections 6.2, 6.3 and 6.4 applies if there shall be more than one Member.

Allocations of Profits and Losses and Distributions. if There is One Member. So long as there shall be only one Member, the Net Profits and Net Losses of the Company shall belong to such Member and any Distributions determined to be made by the Manager shall be distributed to such Member. Distribution of liquidation proceeds shall be governed by Section 8.2. , Sections 6.2, 6.3 and 6.4 applies if there shall be more than one Member.

Allocations of Profits and Losses and Distributions. if There is One Member. So long as there shall be only one Member, the Net Profits and Net Losses of the Company shall belong to such Member and any Distributions determined to be made by the Manager Board of Directors shall be distributed to such Member. Distribution of liquidation proceeds shall be governed by Section 8.2. Sections 6.2, 6.3 and 6.4 applies if there shall be more than one Member.

Allocations of Profits and Losses and Distributions. if There is One Member. So long as there shall be only one Member, the Net Profits and Net Losses of the Company shall belong to such Member and any Distributions determined to be made by the Manager Member shall be distributed to such Member. Distribution of liquidation proceeds shall be governed by Section 8.2. Sections 6.2, 6.3 and 6.4 applies if there shall be more than one Member.