Common use of General Allocation Clause in Contracts

General Allocation. The Members will share in the income, gains, expenses, losses, deductions and credits of the Company in accordance with their Membership Interests. Each Member's share of the Net Profits and Net Losses shall be allocated for each Fiscal Year to the Members' Capital Accounts.

Appears in 3 contracts

Samples: Operating Agreement (LHC Group, Inc), Operating Agreement (LHC Group, Inc), Operating Agreement (LHC Group, Inc)

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General Allocation. The Members will share in the income, gains, profits, expenses, losses, deductions and credits of the Company in accordance with their Membership Intereststhe allocations set forth in Section 5.1. Each Member's share of the Net Profits and Net Losses shall be allocated for each Fiscal Year to the Members' Capital Accounts.

Appears in 1 contract

Samples: Operating Agreement (LHC Group, Inc)

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