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

General Allocations of Net Profits and Net Losses. After taking into account any special allocations pursuant to Section 6.3 and subject to any limitations contained therein, Net Profits and Net Losses shall be allocated to the Members, pro rata, based upon their respective Percentage Interests.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Terra Secured Income Fund 5, LLC)

AutoNDA by SimpleDocs

General Allocations of Net Profits and Net Losses. After taking into account any special allocations pursuant to Except as otherwise provided in Section 6.3 and subject to any limitations contained therein8.2, Net Profits and Net Losses with respect to each Fiscal Year or applicable portion thereof shall be allocated to the Members, pro rata, based upon Members in accordance with their respective Percentage Membership Interests.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Excel Corp)

General Allocations of Net Profits and Net Losses. After taking into account any special allocations pursuant to (a) Except as otherwise provided in Section 6.3 and subject to any limitations contained therein6.3, Net Profits and Net Losses (and items thereof) shall be allocated to the Members, pro rata, based upon Members in proportion to their respective Percentage Interests.

Appears in 1 contract

Samples: Operating Agreement (Pxre Corp)

AutoNDA by SimpleDocs

General Allocations of Net Profits and Net Losses. After taking into account any special allocations pursuant to Except as otherwise provided in Section 6.3 and subject to any limitations contained therein8.2, Net Profits and Net Losses with respect to each Fiscal Year or applicable portion thereof shall be allocated to the Members, pro rata, based upon Members in accordance with their respective Membership Percentage Interests.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Hollywood Media Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.