Allocations of Profits or Losses. Except as may be required by the Internal Revenue Code of 1986, as amended, each item of income, gain, profit, loss, deduction or credit to the Company shall be allocated to the Member.
Appears in 5 contracts
Samples: Operating Agreement (Beazer Homes, LLC), Operating Agreement (Beazer Homes, LLC), Operating Agreement (Beazer Homes, LLC)
Allocations of Profits or Losses. Except as may be required by the Internal Revenue Code of 1986, as amended, each item of income, gain, profit, loss, deduction or credit to the Company shall be allocated among its Members in proportion to the number ofUnits held by each Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (CNL Income Mesa Del Sol, LLC)
