Common use of General Allocation of Net Profits and Losses Clause in Contracts

General Allocation of Net Profits and Losses. 5.1.1 Net Profits and Net Losses shall be determined and allocated with respect to each fiscal year of the Company as of the end of such fiscal year. Subject to the other provisions of this Agreement, an allocation to a Member of a share of Net Profits or Net Losses shall be treated as an allocation of the same share of each item of income, gain, loss or deduction that is taken into account in computing Net Profits or Net Losses.

General Allocation of Net Profits and Losses. 5.1.1 6.1.1 Net Profits and Net Losses shall be determined and allocated with respect to each fiscal year Fiscal Year of the Company as of the end of such fiscal yearFiscal Year and at such other times, if any, as the Board of Managers shall determine is appropriate for purposes of administering this Agreement. Subject to the other provisions of this Agreement, an allocation to a Member of a share of Net Profits or Net Losses shall be treated as an allocation of the same share of each item of income, gain, loss or deduction that is taken into account in computing Net Profits or Net Losses.

General Allocation of Net Profits and Losses. 5.1.1 10.1.1 Net Profits and Net Losses shall be determined and allocated with respect to each fiscal year Fiscal Year or other period of the Company as of the end of such fiscal yearFiscal Year or other period and at such other times, if any, as the Board of Managers shall determine is appropriate for purposes of administering this Agreement. Subject to the other provisions of this Agreement, an allocation to a Member of a share of Net Profits or Net Losses shall be treated as an allocation of the same share of each item of income, gain, loss or deduction that is taken into account in computing Net Profits or Net Losses.

General Allocation of Net Profits and Losses. 5.1.1 Net Profits and Net Losses shall be determined and allocated with respect to each fiscal year of the Company as of the end of such fiscal year. Subject to the other provisions of this Agreement, an allocation to a Preferred Member, Member or Economic Interest Holder of a share of Net Profits or Net Losses shall be treated as an allocation of the same share of each item of income, gain, loss or deduction that is taken into account in computing Net Profits or Net Losses.

General Allocation of Net Profits and Losses. 5.1.1 Net Profits and Net Losses shall be determined and allocated with respect to each fiscal year of the Company as of the end of such fiscal year. Subject to the other provisions of this Agreement, an allocation to a Member or Economic Interest Holder of a share of Net Profits or Net Losses shall be treated as an allocation of the same share of each item of income, gain, loss or deduction that is taken into account in computing Net Profits or Net Losses.

General Allocation of Net Profits and Losses. 5.1.1 Net Profits and Net Losses shall be determined and allocated with respect to each fiscal year Fiscal Year of the Company as of the end of such fiscal yearFiscal Year and at such other times, if any, as the Members shall determine is appropriate for purposes of administering this Agreement. Subject to the other provisions of this Agreement, an allocation to a Member of a share of Net Profits or Net Losses shall be treated as an allocation of the same share of each item of income, gain, loss or deduction that is taken into account in computing Net Profits or Net Losses.