General Allocation Rule. For each taxable year of the Company, after the application of Section 4.2 hereof, Profits and/or Losses shall be allocated to the Members in a manner which causes each Member's Adjusted Capital Account Balance to equal the amount that would be distributed to such Member pursuant to Section 9.2.3.2 hereof upon a hypothetical liquidation of the Company in accordance with Section 4.1.2 below.
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Samples: Operating Agreement (Udc Homes Inc), Operating Agreement (Udc Homes Inc)
General Allocation Rule. For each taxable year of the Company, after subject to the application of Section 4.2 hereof5.2, Profits and/or and Losses shall be allocated to the Members in a manner which that causes each Member's Adjusted Capital Account Balance to equal the amount that would be distributed to such Member pursuant to Section 9.2.3.2 hereof 9.2(b)(ii) upon a hypothetical liquidation of the Company in accordance with Section 4.1.2 below5.1(b).
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Samples: Limited Liability Company Agreement (Limoneira CO), Contribution Agreement (Limoneira CO)
General Allocation Rule. For each taxable year of the Company, after subject to the application of Section 4.2 hereof5.2, Profits and/or Losses shall be allocated to the Members in a manner which that causes each Member's ’s Adjusted Capital Account Balance to equal the amount that would be distributed to such Member pursuant to Section 9.2.3.2 hereof 9.2(b)(ii) upon a hypothetical liquidation of the Company in accordance with Section 4.1.2 below5.1(b).
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Samples: Limited Liability Company Agreement (Meritage Homes of North Carolina, Inc.)
General Allocation Rule. For each taxable year of the Company, after the application of Section 4.2 hereof4.1(d) and Section 4.2, Profits and/or Losses shall be allocated to the Members in a manner which that causes each Member's ’s Adjusted Capital Account Balance to equal the amount that would be distributed to such Member pursuant to Section 9.2.3.2 hereof upon a hypothetical liquidation of the Company in accordance with 3 and Section 4.1.2 below9.2(c)(iii).
Appears in 1 contract
General Allocation Rule. For each taxable year of the Company, after subject to the application of Section 4.2 hereof5.2, Profits and/or and Losses shall be allocated to the Members in a manner which causes each Member's ’s Adjusted Capital Account Balance after such allocation to equal the amount that would be distributed to such Member pursuant to Section 9.2.3.2 hereof 10.2.3(C) upon a hypothetical liquidation of the Company in accordance with Section 4.1.2 below5.1.2.
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Samples: Operating Agreement
General Allocation Rule. For each taxable year of the Company, after subject to the application of Section 4.2 hereof4.2, Profits and/or Losses shall be allocated to the Members in a manner which causes each Member's Adjusted Capital Account Balance to equal the amount that would be distributed to such Member pursuant to Section 9.2.3.2 hereof 9.2(d)(ii) upon a hypothetical liquidation of the Company in accordance with Section 4.1.2 below4.1(b).
Appears in 1 contract
General Allocation Rule. For each taxable year of the Company, after the application of Section 4.2 hereof, Profits and/or Losses shall be allocated to the Members in a manner which that causes each Member's ’s Adjusted Capital Account Balance after such allocation to equal the amount that would be distributed to such Member pursuant to Section 9.2.3.2 9.2(b)(iii) hereof upon a hypothetical liquidation of the Company in accordance with Section 4.1.2 4.1(b) below.
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