Basic Allocations. (a) For so long as the Company is a DRE, Net Profits and Net Losses of the Company for any fiscal period shall be allocated to the Member; at all other times, they shall be allocated among the Members in such proportions and in such amounts as may be necessary so that following such allocations, the Adjusted Capital Account balance of each Member equals such Member’s then Target Balance.
Appears in 6 contracts
Samples: Operating Agreement (MacroShares $100 Oil Down Trust), Operating Agreement (MacroShares Housing Depositor, LLC), Operating Agreement (Macro Inflation Depositor, LLC)
Basic Allocations. (a) For so long as the Company is a DRE, Net Profits and Net Losses of the Company for any fiscal period shall be allocated to the Member; at all other times, they shall be allocated among the Members in such proportions and in such amounts as may be necessary so that following such allocations, the Adjusted Capital Account balance of each Member equals such Member’s 's then Target Balance.
Appears in 3 contracts
Samples: Operating Agreement (MACRO Securities Depositor, LLC), Operating Agreement (MACRO Securities Depositor, LLC), Operating Agreement (MACRO Securities Depositor, LLC)
